Azerbaijan - Prepared Mustard - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrepared Mustard Price in Azerbaijan - 2023
Contents:
- Prepared Mustard Price in Azerbaijan (CIF) - 2022
- Prepared Mustard Price in Azerbaijan (FOB) - 2022
- Prepared Mustard Imports in Azerbaijan
- Prepared Mustard Exports in Azerbaijan
Prepared Mustard Price in Azerbaijan (CIF) - 2022
In 2022, the average prepared mustard import price amounted to $2,033 per ton, jumping by 20% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared mustard import price increased by +36.8% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of 34%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
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 ($3,524 per ton), while the price for Ukraine ($1,202 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Prepared Mustard Price in Azerbaijan (FOB) - 2022
The average prepared mustard export price stood at $3,254 per ton in 2022, with an increase of 46% against the previous year. In general, export price indicated prominent growth from 2016 to 2022: its price increased at an average annual rate of +10.4% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared mustard export price increased by +35.5% against 2019 indices. 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 2016 to 2022, the rate of growth in terms of prices for Georgia amounted to +10.2% per year.
Prepared Mustard Imports in Azerbaijan
In 2022, overseas purchases of prepared mustard decreased by -1.4% to 119 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 50% against the previous year. As a result, imports attained the peak of 146 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, prepared mustard imports soared to $242K in 2022. The total import value increased at an average annual rate of +13.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 31%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Prepared Mustard in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 64.8 | 23.7 | 72.8 | 124 | 24.2% |
| Netherlands | 23.0 | 3.5 | 19.8 | 24.7 | 2.4% |
| Turkey | 9.8 | 4.6 | 10.5 | 23.3 | 33.5% |
| United States | 6.7 | 2.5 | 7.4 | 20.6 | 45.4% |
| Luxembourg | 16.1 | 3.2 | 21.5 | 17.0 | 1.8% |
| Ukraine | 10.9 | 19.3 | 23.7 | 6.7 | -15.0% |
| Belarus | 2.8 | 1.7 | 5.3 | 6.7 | 33.8% |
| Kazakhstan | 1.6 | 0.9 | 4.8 | 5.8 | 53.6% |
| United Arab Emirates | 12.0 | 152 | 28.9 | 0.7 | -61.2% |
| Others | 18.0 | 5.8 | 9.7 | 12.3 | -11.9% |
| Total | 166 | 217 | 204 | 242 | 13.4% |
Top Suppliers of Prepared Mustard to Azerbaijan in 2022:
- Russia (74.7 tons)
- Netherlands (11.0 tons)
- Turkey (9.2 tons)
- United States (5.8 tons)
- Ukraine (5.6 tons)
- Kazakhstan (3.5 tons)
- Belarus (3.3 tons)
- Luxembourg (1.8 tons)
- United Arab Emirates (0.3 tons)
Prepared Mustard Exports in Azerbaijan
In 2022, approx. 1 tons of prepared mustard were exported from Azerbaijan; with a decrease of -46.9% against the previous year's figure. In general, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 196% against the previous year. As a result, the exports reached the peak of 2 tons, and then declined significantly in the following year.
In value terms, prepared mustard exports fell notably to $3.4K in 2022. Overall, exports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 225% against the previous year. As a result, the exports reached the peak of $4.4K, and then dropped sharply in the following year.
| Export of Prepared Mustard in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 2.0 | 1.3 | 4.4 | 3.4 | 19.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.0 | 1.3 | 4.4 | 3.4 | 19.3% |
Top Export Markets for Prepared Mustard from Azerbaijan in 2022:
- Georgia (1040.0 kg)
This report provides an in-depth analysis of the prepared mustard 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 10841253 - Mustard flour and meal
- Prodcom 10841255 - Prepared mustard
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
- 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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