Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Azerbaijan - 2023

Contents:

  1. Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Azerbaijan (CIF) - 2022
  2. Imports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Azerbaijan

Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Azerbaijan (CIF) - 2022

In 2022, the average import price for oil seeds; cotton seeds, seed, whether or not broken amounted to $2,725 per ton, which is down by -6.8% against the previous year. Overall, the import price showed a mild decrease. The growth pace was the most rapid in 2016 an increase of 8.8% against the previous year. The import price peaked at $3,267 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -1.8% per year.

Imports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Azerbaijan

In 2022, imports of oil seeds; cotton seeds, seed, whether or not broken into Azerbaijan skyrocketed to 3K tons, increasing by 31% on the previous year's figure. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of oil seeds; cotton seeds, seed, whether or not broken surged to $8.1M in 2022. The total import value increased at an average annual rate of +13.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 28%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Azerbaijan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey5.57.06.68.113.8%
OthersN/A0.1N/AN/A0%
Total5.57.16.68.113.8%

Top Suppliers of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken to Azerbaijan in 2022:

  1. Turkey (3.0K tons)

Source: IndexBox Market Intelligence Platform

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