Azerbaijan - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLentil Price in Azerbaijan - 2023
Contents:
- Lentil Price in Azerbaijan (CIF) - 2023
- Lentil Price in Azerbaijan (FOB) - 2022
- Lentil Imports in Azerbaijan
- Lentil Exports in Azerbaijan
Lentil Price in Azerbaijan (CIF) - 2023
In July 2023, the average lentil import price amounted to $711 per ton, shrinking by -2.5% against the previous month. In general, the import price continues to indicate a pronounced downturn. The growth pace was the most rapid in June 2023 an increase of 32% m-o-m. The import price peaked at $1,234 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Kazakhstan ($740 per ton), while the price for Russia amounted to $692 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (-3.8%), while the prices for the other major suppliers experienced a decline.
Lentil Price in Azerbaijan (FOB) - 2022
In 2022, the average lentil export price amounted to $1,717 per ton, declining by -7.3% against the previous year. Overall, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 49%. The export price peaked at $1,852 per ton in 2021, and then contracted in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($1,767 per ton), while the average price for exports to Poland totaled $1,714 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.
Lentil Imports in Azerbaijan
In 2022, the amount of lentils imported into Azerbaijan surged to 7.5K tons, increasing by 35% against 2021. In general, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.4% against 2020 indices.
In value terms, lentil imports skyrocketed to $7.5M in 2022. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 86%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Lentil in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 1.6 | 1.6 | 2.5 | 3.2 | 26.0% |
| Russia | 0.3 | 0.9 | 0.8 | 2.1 | 91.3% |
| Kyrgyzstan | 0.9 | 1.8 | 1.1 | 1.7 | 23.6% |
| Canada | 0.3 | 1.1 | 0.6 | 0.5 | 18.6% |
| Others | 0.1 | 0.6 | 0.2 | N/A | 41.4% |
| Total | 3.2 | 6.0 | 5.2 | 7.5 | 32.8% |
Top Suppliers of Lentil to Azerbaijan in 2022:
- Kazakhstan (2.9K tons)
- Russia (2.7K tons)
- Kyrgyzstan (1.5K tons)
- Canada (0.4K tons)
Lentil Exports in Azerbaijan
In 2022, the amount of lentils exported from Azerbaijan skyrocketed to 3.8 tons, with an increase of 342% on 2021. Over the period under review, exports continue to indicate perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, lentil exports soared to $6.4K in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Lentil in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 6.2 | 0% |
| Ukraine | N/A | N/A | N/A | 0.3 | 0% |
| Kazakhstan | 1.6 | 0.6 | 1.1 | N/A | -17.1% |
| France | 0.5 | N/A | N/A | N/A | 0% |
| Georgia | 0.6 | 0.2 | 0.4 | N/A | -18.4% |
| Others | 0.6 | N/A | N/A | N/A | 0% |
| Total | 3.4 | 0.8 | 1.6 | 6.4 | 23.5% |
Top Export Markets for Lentil from Azerbaijan in 2022:
- Poland (3.6 tons)
- Ukraine (0.1 tons)
This report provides an in-depth analysis of the lentil 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:
- FCL 201 - Lentils, dry
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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