Price for Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled in Azerbaijan - 2022

Contents:

  1. Price for Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled in Azerbaijan (CIF) - 2022
  2. Price for Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled in Azerbaijan (FOB) - 2022
  3. Imports of Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled in Azerbaijan
  4. Exports of Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled in Azerbaijan

Price for Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled in Azerbaijan (CIF) - 2022

The average import price for nuts, edible; chestnuts (castanea spp.), fresh or dried, shelleds stood at $3,547 per ton in 2022, increasing by 27% against the previous year. Over the period under review, the import price posted a significant increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 188% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,639 per ton), while the price for Georgia amounted to $1,797 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.7%).

Price for Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled in Azerbaijan (FOB) - 2022

In 2022, the average export price for nuts, edible; chestnuts (castanea spp.), fresh or dried, shelleds amounted to $1,940 per ton, almost unchanged from the previous year. Over the period under review, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2019 when the average export price increased by 84%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +6.9% per year.

Imports of Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled in Azerbaijan

Imports of nuts, edible; chestnuts (castanea spp.), fresh or dried, shelleds into Azerbaijan surged to 238 tons in 2022, growing by 32% against the previous year's figure. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 354%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of nuts, edible; chestnuts (castanea spp.), fresh or dried, shelleds surged to $845K in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 379% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China11454439382393.3%
GeorgiaN/AN/A11021.4-80.5%
Others0.1N/AN/AN/A0%
Total11454450384595.0%

Top Suppliers of Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled to Azerbaijan in 2022:

  1. China (226.3 tons)
  2. Georgia (11.9 tons)

Exports of Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled in Azerbaijan

For the fourth year in a row, Azerbaijan recorded growth in overseas shipments of nuts, edible; chestnuts (castanea spp.), fresh or dried, shelleds, which increased by 0.5% to 3.1 tons in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 78% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of nuts, edible; chestnuts (castanea spp.), fresh or dried, shelleds stood at $5.9K in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia3.15.95.95.923.9%
OthersN/AN/AN/AN/A0%
Total3.15.95.95.923.9%

Top Export Markets for Nuts, Edible; Chestnuts (Castanea Spp.), Fresh or Dried, Shelled from Azerbaijan in 2022:

  1. Russia (3.1 tons)

Source: IndexBox Market Intelligence Platform

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