Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Azerbaijan - 2023
Contents:
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Azerbaijan (CIF) - 2022
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Azerbaijan (FOB) - 2022
- Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Azerbaijan
- Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Azerbaijan
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Azerbaijan (CIF) - 2022
In 2022, the average import price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $262 per ton, rising by 7% against the previous year. Overall, the import price saw a buoyant expansion. The growth pace was the most rapid in 2016 an increase of 83%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belarus ($315 per ton) and Pakistan ($300 per ton), while the price for Iran ($249 per ton) and Georgia ($250 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Azerbaijan (FOB) - 2022
In 2022, the average export price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $449 per ton, surging by 3.3% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vegetables; potatoes (other than seed), fresh or chilleds increased by +8.1% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 62% against the previous year. As a result, the export price attained the peak level of $646 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($454 per ton), while the average price for exports to Ukraine ($397 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 Ukraine (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Azerbaijan
In 2022, imports of vegetables; potatoes (other than seed), fresh or chilleds into Azerbaijan shrank to 160K tons, falling by -12.7% compared with the year before. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. As a result, imports reached the peak of 183K tons, and then reduced in the following year.
In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds fell to $42M in 2022. The total import value increased at an average annual rate of +3.4% 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 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of $45M, and then dropped in the following year.
Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Azerbaijan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 21.1 | 8.7 | 0.1 | 11.4 | -18.6% |
Iran | 13.2 | 22.6 | 40.0 | 10.4 | -7.6% |
Turkey | 0.3 | 0.2 | 2.0 | 7.8 | 196.2% |
Pakistan | 2.5 | N/A | N/A | 7.4 | 43.6% |
Belarus | 0.1 | N/A | N/A | 2.0 | 171.4% |
Georgia | 0.5 | 0.3 | 1.9 | 2.0 | 58.7% |
Ukraine | N/A | N/A | 0.8 | 0.9 | 12.5% |
Others | N/A | 1.3 | N/A | N/A | 0% |
Total | 37.8 | 33.1 | 44.7 | 41.8 | 3.4% |
Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to Azerbaijan in 2022:
- Russia (45.3K tons)
- Iran (41.6K tons)
- Turkey (31.0K tons)
- Pakistan (24.6K tons)
- Georgia (7.9K tons)
- Belarus (6.4K tons)
- Ukraine (2.9K tons)
Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Azerbaijan
After three years of growth, shipments abroad of vegetables; potatoes (other than seed), fresh or chilleds decreased by -15.2% to 78K tons in 2022. The total export volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 27%.
In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds fell to $35M in 2022. The total export value increased at an average annual rate of +9.4% 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 26%.
Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Azerbaijan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 25.1 | 30.8 | 38.5 | 33.4 | 10.0% |
Belarus | N/A | 0.5 | 0.4 | 0.8 | 26.5% |
Ukraine | 0.8 | 1.8 | 1.1 | 0.6 | -9.1% |
Georgia | 0.8 | 0.5 | N/A | 0.1 | -50.0% |
Others | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
Total | 26.8 | 33.8 | 40.1 | 35.1 | 9.4% |
Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from Azerbaijan in 2022:
- Russia (73.7K tons)
- Belarus (1.9K tons)
- Ukraine (1.4K tons)
- Georgia (0.5K tons)
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