Spices; Mixtures Price in Azerbaijan - 2023
Contents:
- Spices; Mixtures Price in Azerbaijan (CIF) - 2022
- Spices; Mixtures Price in Azerbaijan (FOB) - 2022
- Spices; Mixtures Imports in Azerbaijan
- Spices; Mixtures Exports in Azerbaijan
Spices; Mixtures Price in Azerbaijan (CIF) - 2022
The average spices; mixtures import price stood at $3,547 per ton in 2022, with an increase of 39% against the previous year. Over the period under review, the import price enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 an increase of 83% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($17,000 per ton), while the price for Iran ($2,165 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Azerbaijan (FOB) - 2022
The average spices; mixtures export price stood at $22,746 per ton in 2022, rising by 653% against the previous year. Over the period under review, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($24,400 per ton), while the average price for exports to Kazakhstan stood at $22,470 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+19.6%).
Spices; Mixtures Imports in Azerbaijan
In 2022, spices; mixtures imports into Azerbaijan surged to 47 tons, rising by 82% compared with 2021 figures. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; mixtures imports soared to $167K in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Spices; Mixtures in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iran | 31.9 | 33.1 | 30.0 | 52.0 | 17.7% |
Germany | 2.4 | 4.3 | 1.3 | 43.1 | 161.9% |
Turkey | 6.5 | 9.4 | 14.0 | 27.4 | 61.5% |
India | 1.4 | 6.8 | 0.9 | 15.9 | 124.8% |
Luxembourg | 1.7 | 0.2 | 1.3 | 14.0 | 101.9% |
Vietnam | 0.6 | 0.5 | 0.4 | 8.2 | 139.1% |
China | 0.6 | 1.3 | 0.2 | 0.1 | -45.0% |
Others | 19.0 | 17.8 | 18.4 | 6.4 | -30.4% |
Total | 64.1 | 73.4 | 66.3 | 167 | 37.6% |
Top Suppliers of Spices; Mixtures to Azerbaijan in 2022:
- Iran (24.0 tons)
- Turkey (8.8 tons)
- Germany (8.0 tons)
- India (4.0 tons)
- Luxembourg (0.8 tons)
- Vietnam (0.8 tons)
- China (0.1 tons)
Spices; Mixtures Exports in Azerbaijan
In 2022, the amount of spices; mixtureses exported from Azerbaijan fell sharply to 7 kg, reducing by -99.9% against 2021. In general, exports showed a sharp reduction.
In value terms, spices; mixtures exports shrank markedly to $159 in 2022. Overall, exports faced a precipitous decline.
Export of Spices; Mixtures in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
Kazakhstan | N/A | 0.1 | 0% | ||
Russia | 18.6 | N/A | 0% | ||
Qatar | N/A | N/A | 0% | ||
Others | N/A | N/A | 0% | ||
Total | 18.6 | 0.2 | -98.9% |
Top Export Markets for Spices; Mixtures from Azerbaijan in 2022:
- Kazakhstan (6.0 kg)
- Qatar (1.0 kg)
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