Non-Liquid Margarine Price in Azerbaijan - 2023
Contents:
- Non-Liquid Margarine Price in Azerbaijan (CIF) - 2023
- Non-Liquid Margarine Price in Azerbaijan (FOB) - 2022
- Non-Liquid Margarine Imports in Azerbaijan
- Non-Liquid Margarine Exports in Azerbaijan
Non-Liquid Margarine Price in Azerbaijan (CIF) - 2023
The average non-liquid margarine import price stood at $1,082 per ton in July 2023, falling by -15.1% against the previous month. Over the period under review, the import price saw a perceptible shrinkage. The pace of growth was the most pronounced in October 2022 when the average import price increased by 43% against the previous month. The import price peaked at $2,505 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From July 2022 to July 2023, the rate of growth in terms of prices for Russia amounted to -4.9% per month.
Non-Liquid Margarine Price in Azerbaijan (FOB) - 2022
In 2022, the average non-liquid margarine export price amounted to $1,872 per ton, increasing by 38% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Georgia.
From 2015 to 2022, the rate of growth in terms of prices for Georgia amounted to +6.6% per year.
Non-Liquid Margarine Imports in Azerbaijan
In 2022, overseas purchases of non-liquid margarine decreased by -8.5% to 1.9K tons, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 8.2% against the previous year. As a result, imports attained the peak of 3.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, non-liquid margarine imports surged to $3.4M in 2022. Overall, imports, however, showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Liquid Margarine in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2,478 | 2,726 | 2,119 | 2,783 | 3.9% |
| Turkey | 469 | 318 | 321 | 550 | 5.5% |
| Ukraine | 140 | 240 | 187 | 53.2 | -27.6% |
| Indonesia | 166 | N/A | N/A | N/A | 0% |
| Others | 71.7 | 4.1 | 16.4 | 3.0 | -65.3% |
| Total | 3,325 | 3,288 | 2,644 | 3,389 | 0.6% |
Top Suppliers of Non-Liquid Margarine to Azerbaijan in 2022:
- Russia (1751.1 tons)
- Turkey (154.6 tons)
- Ukraine (34.2 tons)
Non-Liquid Margarine Exports in Azerbaijan
In 2022, overseas shipments of non-liquid margarine decreased by -20.6% to 1.5K tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of 2.7K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, non-liquid margarine exports stood at $2.9M in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 21% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Non-Liquid Margarine in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 2.0 | 2.2 | 2.6 | 2.9 | 13.2% |
| Turkmenistan | 0.3 | 0.5 | N/A | N/A | 66.7% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 2.3 | 2.8 | 2.6 | 2.9 | 8.0% |
Top Export Markets for Non-Liquid Margarine from Azerbaijan in 2022:
- Georgia (1526.4 tons)
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