Azerbaijan: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Azerbaijan

The Azerbaijani spirits and liqueurs market totaled $X in 2023, rising by X% against the previous year. Overall, the total consumption indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2016 indices. Over the period under review, the market hit record highs in 2023 and is likely to see steady growth in years to come.

Spirits And Liqueurs Production in Azerbaijan

In value terms, spirits and liqueurs production reached $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2023 and is likely to see steady growth in the immediate term.

Spirits And Liqueurs Exports

Exports from Azerbaijan

In 2023, approx. X litres of spirits, liqueurs and other spirituous beverages were exported from Azerbaijan; rising by X% compared with 2022 figures. In general, exports saw temperate growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X litres in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, spirits and liqueurs exports soared to $X in 2023. Over the period under review, exports saw a noticeable expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Russia (X litres), Spain (X litres) and Kazakhstan (X litres) were the main destinations of spirits and liqueurs exports from Azerbaijan, with a combined X% share of total exports. Austria, Belarus, Ukraine, Iraq, Georgia and Latvia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Kazakhstan, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2023, the average spirits and liqueurs export price amounted to $X per litre, falling by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per litre in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per litre), while the average price for exports to Iraq ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Azerbaijan

In 2023, the amount of spirits, liqueurs and other spirituous beverages imported into Azerbaijan soared to X litres, jumping by X% against the previous year's figure. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in years to come.

In value terms, spirits and liqueurs imports skyrocketed to $X in 2023. In general, imports recorded strong growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see steady growth in the immediate term.

Imports by Country

Russia (X litres), Belarus (X litres) and the UK (X litres) were the main suppliers of spirits and liqueurs imports to Azerbaijan, together comprising X% of total imports. Ukraine, Ireland, Mexico, Germany, the United States, Finland, Sweden, France, Moldova and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits and liqueurs suppliers to Azerbaijan were the UK ($X), Russia ($X) and France ($X), together accounting for X% of total imports. Mexico, Ireland, the United States, Ukraine, Germany, Belarus, Sweden, Finland, Moldova and the Netherlands lagged somewhat behind, together comprising a further X%.

Ireland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average spirits and liqueurs import price amounted to $X per litre, growing by X% against the previous year. In general, the import price, however, showed a pronounced downturn. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per litre in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for Belarus ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform