Azerbaijan - Extracts, Essences And Concentrates Of Tea Or Mate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExtracts of Tea Price in Azerbaijan - 2023
Contents:
- Extracts of Tea Price in Azerbaijan (CIF) - 2022
- Extracts of Tea Price in Azerbaijan (FOB) - 2022
- Extracts of Tea Imports in Azerbaijan
- Extracts of Tea Exports in Azerbaijan
Extracts of Tea Price in Azerbaijan (CIF) - 2022
In 2022, the average extracts of tea import price amounted to $17,629 per ton, increasing by 11% against the previous year. In general, the import price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of 93%. As a result, import price reached the peak level of $23,010 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 the United States ($115,164 per ton), while the price for Italy ($2,460 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Extracts of Tea Price in Azerbaijan (FOB) - 2022
In 2022, the average extracts of tea export price amounted to $6,025 per ton, waning by -14.4% against the previous year. Over the period under review, the export price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 an increase of 923% against the previous year. The export price peaked at $7,040 per ton in 2021, and then shrank in the following year.
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 Kazakhstan ($9,381 per ton), while the average price for exports to Russia totaled $5,811 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+14.2%).
Extracts of Tea Imports in Azerbaijan
After two years of decline, overseas purchases of extracts, essences and concentrates of tea or mate increased by 7.7% to 23 tons in 2022. Over the period under review, imports, however, faced a sharp setback.
In value terms, extracts of tea imports skyrocketed to $410K in 2022. Overall, imports, however, continue to indicate a deep reduction.
| Import of Extracts of Tea in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 102 | 68.5 | 78.0 | 206 | 26.4% |
| United States | 194 | 288 | 129 | 129 | -12.7% |
| Turkey | 19.6 | 21.8 | 13.9 | 42.3 | 29.2% |
| India | 0.3 | 0.4 | 3.2 | 8.8 | 208.4% |
| Russia | 9.6 | 6.9 | 3.9 | 6.6 | -11.7% |
| Germany | 19.4 | 5.1 | 7.0 | 6.4 | -30.9% |
| Italy | 1.9 | 1.8 | 1.5 | 4.0 | 28.2% |
| Netherlands | 2.3 | 34.2 | 0.8 | 1.8 | -7.8% |
| United Arab Emirates | 3.4 | 3.2 | 2.6 | N/A | -12.6% |
| Kyrgyzstan | 2.3 | N/A | N/A | N/A | 0% |
| Ukraine | 1.7 | 1.6 | 1.3 | N/A | -12.6% |
| Others | 125 | 77.6 | 102 | 5.0 | -65.8% |
| Total | 482 | 509 | 343 | 410 | -5.3% |
Top Suppliers of Extracts of Tea to Azerbaijan in 2022:
- Ireland (12.2 tons)
- Turkey (4.7 tons)
- Italy (1.6 tons)
- India (1.6 tons)
- United States (1.1 tons)
- Germany (0.8 tons)
- Netherlands (0.5 tons)
- Russia (0.3 tons)
Extracts of Tea Exports in Azerbaijan
In 2022, extracts of tea exports from Azerbaijan skyrocketed to 2.1 tons, picking up by 173% compared with 2021. Over the period under review, exports, however, continue to indicate a sharp reduction.
In value terms, extracts of tea exports surged to $13K in 2022. Overall, exports, however, faced a sharp curtailment.
| Export of Extracts of Tea in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 80.2 | 56.0 | 3.4 | 11.5 | -47.7% |
| Kazakhstan | 1.1 | 1.3 | 2.0 | 1.2 | 2.9% |
| Iraq | N/A | 3.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 81.3 | 61.0 | 5.4 | 12.6 | -46.3% |
Top Export Markets for Extracts of Tea from Azerbaijan in 2022:
- Russia (2.0 tons)
- Kazakhstan (0.1 tons)
This report provides an in-depth analysis of the extracts of tea market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10831400 - Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates, or with a basis of tea or mate
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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