Price for Cereal Grains; Rolled or Flaked, of Oats in Azerbaijan - 2023
Contents:
- Price for Cereal Grains; Rolled or Flaked, of Oats in Azerbaijan (CIF) - 2023
- Imports of Cereal Grains; Rolled or Flaked, of Oats in Azerbaijan
Price for Cereal Grains; Rolled or Flaked, of Oats in Azerbaijan (CIF) - 2023
The average import price for cereal grains; rolled or flaked, of oatses stood at $613 per ton in September 2023, with a decrease of -19.8% against the previous month. In general, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in June 2023 an increase of 58% month-to-month. As a result, import price reached the peak level of $1,247 per ton. From July 2023 to September 2023, the average 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 December 2022 to September 2023, the rate of growth in terms of prices for Russia amounted to -5.5% per month.
Imports of Cereal Grains; Rolled or Flaked, of Oats in Azerbaijan
In 2022, the amount of cereal grains; rolled or flaked, of oatses imported into Azerbaijan skyrocketed to 1.6K tons, growing by 16% against the previous year. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 19%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, imports of cereal grains; rolled or flaked, of oatses surged to $1.6M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Grains; Rolled or Flaked, of Oats in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,012 | 1,147 | 1,123 | 1,537 | 14.9% |
| Turkey | N/A | 16.7 | 44.0 | 73.6 | 109.9% |
| Others | 51.1 | 69.6 | 65.0 | 37.1 | -10.1% |
| Total | 1,063 | 1,234 | 1,232 | 1,648 | 15.7% |
Top Suppliers of Cereal Grains; Rolled or Flaked, of Oats to Azerbaijan in 2022:
- Russia (1584.8 tons)
- Turkey (43.1 tons)
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