Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Azerbaijan - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Azerbaijan (CIF) - 2023
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Azerbaijan (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Azerbaijan
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Azerbaijan
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Azerbaijan (CIF) - 2023
In November 2023, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $6,280 per ton, shrinking by -23.4% against the previous month. Over the period under review, the import price showed a slight reduction. The pace of growth was the most pronounced in October 2023 an increase of 29% month-to-month. Over the period under review, average import prices reached the peak figure at $8,334 per ton in February 2023; however, from March 2023 to November 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was India ($8,000 per ton), while the price for Vietnam totaled $5,936 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Brazil (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Azerbaijan (FOB) - 2022
The average export price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $11,143 per ton in 2021, shrinking by -62% against the previous year. In general, the export price showed a precipitous decrease. The pace of growth appeared the most rapid in 2020 when the average export price decreased by -37.5% against the previous year. The export price peaked at $46,915 per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($11,923 per ton), while the average price for exports to the United Arab Emirates stood at $1,000 per ton.
From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (0.0%).
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Azerbaijan
In 2022, imports of nuts, edible; cashew nuts, shelled, fresh or drieds into Azerbaijan soared to 255 tons, jumping by 59% compared with the previous year's figure. In general, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 149% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds soared to $2M in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 165% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 86.8 | 98.4 | 445 | 1,321 | 147.8% |
| India | 330 | 47.3 | 159 | 586 | 21.1% |
| Brazil | 5.8 | 8.6 | 18.8 | 55.3 | 112.0% |
| Thailand | 91.9 | 83.0 | 99.3 | N/A | 3.9% |
| United Arab Emirates | 403 | 116 | 414 | N/A | 1.4% |
| Turkey | 122 | 105 | 90.8 | N/A | -13.7% |
| Others | 6.3 | 5.5 | 3.9 | 0.5 | -57.0% |
| Total | 1,046 | 464 | 1,231 | 1,962 | 23.3% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Azerbaijan in 2022:
- Vietnam (179.6 tons)
- India (69.7 tons)
- Brazil (5.7 tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Azerbaijan
In 2021, exports of nuts, edible; cashew nuts, shelled, fresh or drieds from Azerbaijan surged to 14 kg, picking up by 17% against 2020 figures. Overall, exports, however, faced a dramatic contraction.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds fell sharply to $156 in 2021. Over the period under review, exports, however, showed a precipitous contraction.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Canada | N/A | N/A | 155 | 0% | |
| United Arab Emirates | N/A | N/A | 1.0 | 0% | |
| Others | 2,205 | 352 | N/A | -84.0% | |
| Total | 2,205 | 352 | 156 | -73.4% | |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Azerbaijan in 2022:
- Canada (13.0 kg)
- United Arab Emirates (1.0 kg)
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