Azerbaijan - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Price in Azerbaijan - 2023
Contents:
- Frozen Fish Price in Azerbaijan (CIF) - 2022
- Frozen Fish Price in Azerbaijan (FOB) - 2022
- Frozen Fish Imports in Azerbaijan
- Frozen Fish Exports in Azerbaijan
Frozen Fish Price in Azerbaijan (CIF) - 2022
The average frozen fish import price stood at $2,184 per ton in 2022, surging by 23% against the previous year. Over the period under review, the import price posted a strong increase. The pace of growth was the most pronounced in 2016 an increase of 71%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 Chile ($6,047 per ton), while the price for Russia ($1,400 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Price in Azerbaijan (FOB) - 2022
In 2022, the average frozen fish export price amounted to $1,709 per ton, declining by -4.8% against the previous year. In general, the export price, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2018 an increase of 41%. Over the period under review, the average export prices reached the maximum at $8,180 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($1,650 per ton), while the average price for exports to Turkmenistan totaled $750 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+14.4%).
Frozen Fish Imports in Azerbaijan
In 2022, frozen fish imports into Azerbaijan was estimated at 9.1K tons, picking up by 4.9% compared with the previous year's figure. In general, imports, however, continue to indicate a noticeable decrease.
In value terms, frozen fish imports skyrocketed to $20M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fish in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.2 | 3.7 | 3.7 | 3.3 | 14.5% |
| Chile | 1.7 | 2.0 | 1.1 | 2.3 | 10.6% |
| Iceland | 4.0 | 3.1 | 4.4 | 2.0 | -20.6% |
| Vietnam | 2.1 | 1.3 | 0.3 | 1.9 | -3.3% |
| Greenland | 0.1 | N/A | 0.2 | 1.7 | 157.1% |
| Norway | 0.4 | 0.1 | 0.5 | 1.1 | 40.1% |
| Canada | 0.2 | 1.1 | 1.0 | 0.9 | 65.1% |
| Kazakhstan | 0.8 | 0.4 | 0.4 | 0.7 | -4.4% |
| New Zealand | 1.0 | 1.7 | 0.6 | 0.5 | -20.6% |
| United Kingdom | 0.1 | 0.2 | 0.1 | 0.4 | 58.7% |
| China | 0.5 | 0.1 | 0.1 | 0.4 | -7.2% |
| United States | 0.1 | N/A | 0.2 | 0.3 | 44.2% |
| Others | 4.6 | 2.6 | 2.6 | 4.6 | 0.0% |
| Total | 17.8 | 16.3 | 15.5 | 19.9 | 3.8% |
Top Suppliers of Frozen Fish to Azerbaijan in 2022:
- Russia (2367.5 tons)
- Vietnam (1141.5 tons)
- Iceland (1129.6 tons)
- Greenland (1008.1 tons)
- Norway (502.1 tons)
- Kazakhstan (443.6 tons)
- Canada (408.0 tons)
- Chile (379.9 tons)
- New Zealand (247.7 tons)
- United Kingdom (171.3 tons)
- China (159.5 tons)
- United States (153.3 tons)
Frozen Fish Exports in Azerbaijan
In 2022, the amount of frozen fish exported from Azerbaijan expanded markedly to 705 tons, growing by 11% compared with the year before. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. As a result, the exports attained the peak of 791 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, frozen fish exports expanded remarkably to $1.2M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 84% against the previous year. As a result, the exports attained the peak of $1.4M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Frozen Fish in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 636 | 1,281 | 1,101 | 1,077 | 19.2% |
| Turkmenistan | N/A | N/A | 28.6 | 33.0 | 15.4% |
| Others | 123 | 119 | 11.3 | 95.5 | -8.1% |
| Total | 760 | 1,401 | 1,141 | 1,205 | 16.6% |
Top Export Markets for Frozen Fish from Azerbaijan in 2022:
- Russia (652.8 tons)
- Turkmenistan (44.0 tons)
This report provides an in-depth analysis of the frozen fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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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