Dried Apricot Price in Azerbaijan - 2023
Contents:
- Dried Apricot Price in Azerbaijan (CIF) - 2022
- Dried Apricot Price in Azerbaijan (FOB) - 2022
- Dried Apricot Imports in Azerbaijan
- Dried Apricot Exports in Azerbaijan
Dried Apricot Price in Azerbaijan (CIF) - 2022
The average dried apricot import price stood at $3,051 per ton in 2022, with an increase of 12% against the previous year. Over the period under review, the import price saw a resilient expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 86%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($3,971 per ton), while the price for Uzbekistan ($2,006 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Dried Apricot Price in Azerbaijan (FOB) - 2022
The average dried apricot export price stood at $971 per ton in 2022, which is down by -84.6% against the previous year. Over the period under review, the export price saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 2,115% against the previous year. As a result, the export price reached the peak level of $22,151 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2014 to 2022, the rate of growth in terms of prices for Russia amounted to -3.5% per year.
Dried Apricot Imports in Azerbaijan
In 2022, approx. 1.5K tons of dried apricots were imported into Azerbaijan; falling by -20.9% on the previous year. Overall, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports reached the peak of 1.9K tons, and then fell dramatically in the following year.
In value terms, dried apricot imports contracted to $4.6M in 2022. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 105%. As a result, imports attained the peak of $5.1M, and then contracted in the following year.
| Import of Dried Apricot in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3.2 | 1.8 | 3.7 | 2.6 | -6.7% |
| Iran | N/A | 0.2 | 0.6 | 1.6 | 182.8% |
| Uzbekistan | 0.1 | 0.4 | 0.7 | 0.2 | 26.0% |
| Kyrgyzstan | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 3.3 | 2.5 | 5.1 | 4.6 | 11.7% |
Top Suppliers of Dried Apricot to Azerbaijan in 2022:
- Iran (671.7 tons)
- Turkey (655.0 tons)
- Uzbekistan (118.2 tons)
- Kyrgyzstan (50.0 tons)
Dried Apricot Exports in Azerbaijan
In 2022, exports of dried apricots from Azerbaijan skyrocketed to 83 tons, jumping by 108,144% against the previous year's figure. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, dried apricot exports soared to $81K in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Dried Apricot in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 12.0 | N/A | 80.7 | 159.3% |
| Others | 1.9 | 0.6 | 0.5 | 0.2 | -52.8% |
| Total | 1.9 | 12.6 | 0.5 | 80.9 | 249.2% |
Top Export Markets for Dried Apricot from Azerbaijan in 2022:
- Russia (83.3 tons)
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