Price for Vegetable Products Not Elsewhere Specified or Included in Azerbaijan - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Azerbaijan (FOB) - 2022
- Price for Vegetable Products Not Elsewhere Specified or Included in Azerbaijan (CIF) - 2022
- Exports of Vegetable Products Not Elsewhere Specified or Included in Azerbaijan
- Imports of Vegetable Products Not Elsewhere Specified or Included in Azerbaijan
Price for Vegetable Products Not Elsewhere Specified or Included in Azerbaijan (FOB) - 2022
In 2022, the average export price for vegetable products not elsewhere specified or includeds amounted to $134 per ton, which is down by -33.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by 131% against the previous year. The export price peaked at $385 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($197 per ton), while the average price for exports to Iran ($108 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+2.2%), while the prices for the other major destinations experienced a decline.
Price for Vegetable Products Not Elsewhere Specified or Included in Azerbaijan (CIF) - 2022
In 2022, the average import price for vegetable products not elsewhere specified or includeds amounted to $1,123 per ton, surging by 13% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable products not elsewhere specified or includeds increased by +61.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 50%. The import price peaked at $1,136 per ton in 2013; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Syrian Arab Republic ($2,028 per ton), while the price for Russia ($311 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetable Products Not Elsewhere Specified or Included in Azerbaijan
In 2022, approx. 8.5K tons of vegetable products not elsewhere specified or includeds were exported from Azerbaijan; increasing by 132% against the previous year. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 144%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of vegetable products not elsewhere specified or includeds surged to $1.1M in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 297%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Vegetable Products Not Elsewhere Specified or Included in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 85.6 | 823 | 639 | 1,021 | 128.5% |
| Georgia | 103 | 82.4 | 77.0 | 91.8 | -3.8% |
| Iran | N/A | N/A | 23.4 | 33.6 | 43.6% |
| Pakistan | 26.5 | 8.7 | N/A | N/A | -67.2% |
| Others | 15.3 | N/A | 1.9 | N/A | -64.8% |
| Total | 231 | 914 | 742 | 1,146 | 70.6% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Azerbaijan in 2022:
- Turkey (7.8K tons)
- Georgia (0.5K tons)
- Iran (0.3K tons)
Imports of Vegetable Products Not Elsewhere Specified or Included in Azerbaijan
For the third consecutive year, Azerbaijan recorded decline in purchases abroad of vegetable products not elsewhere specified or includeds, which decreased by -67.9% to 213 tons in 2022. Over the period under review, imports saw a sharp curtailment. The smallest decline of -27.3% was in 2020.
In value terms, imports of vegetable products not elsewhere specified or includeds declined markedly to $236K in 2022. In general, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 9.2%. As a result, imports attained the peak of $1M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Vegetable Products Not Elsewhere Specified or Included in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 146 | 559 | 474 | 178 | 6.8% |
| India | 101 | 19.0 | 13.2 | 23.3 | -38.7% |
| Syrian Arab Republic | N/A | N/A | N/A | 14.0 | 0% |
| Iran | 35.9 | 22.5 | 16.1 | 8.1 | -39.1% |
| Turkey | 61.4 | 15.8 | 1.6 | 7.7 | -49.9% |
| Tunisia | 24.0 | 36.7 | 3.2 | 2.6 | -52.3% |
| Russia | 26.3 | 2.1 | 4.1 | 0.8 | -68.8% |
| Sri Lanka | 551 | 379 | 149 | N/A | -48.0% |
| Others | 3.9 | 1.3 | 2.5 | 1.4 | -28.9% |
| Total | 949 | 1,036 | 663 | 236 | -37.1% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Azerbaijan in 2022:
- United States (170.0 tons)
- India (18.3 tons)
- Syrian Arab Republic (6.9 tons)
- Turkey (6.5 tons)
- Iran (6.5 tons)
- Russia (2.5 tons)
- Tunisia (2.3 tons)
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