Price for Cereals; Maize (Corn), Other than Seed in Azerbaijan - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Azerbaijan (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Azerbaijan (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Azerbaijan
- Exports of Cereals; Maize (Corn), Other than Seed in Azerbaijan
Price for Cereals; Maize (Corn), Other than Seed in Azerbaijan (CIF) - 2023
In August 2023, the average import price for cereals; maize (corn), other than seeds amounted to $203 per ton, with an increase of 10% against the previous month. Over the period under review, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 13% against the previous month. As a result, import price reached the peak level of $250 per ton. From April 2023 to August 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From December 2022 to August 2023, the rate of growth in terms of prices for Russia amounted to -1.7% per month.
Price for Cereals; Maize (Corn), Other than Seed in Azerbaijan (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $226 per ton, standing approx. at the previous year. In general, the export price, however, faced a deep setback. Over the period under review, the average export prices hit record highs at $594 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Iran.
From 2014 to 2022, the rate of growth in terms of prices for Iran amounted to -11.3% per year.
Imports of Cereals; Maize (Corn), Other than Seed in Azerbaijan
In 2022, after two years of decline, there was significant growth in overseas purchases of cereals; maize (corn), other than seeds, when their volume increased by 153% to 75K tons. In general, imports enjoyed a temperate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereals; maize (corn), other than seeds soared to $20M in 2022. Overall, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 14.0 | 8.9 | 6.3 | 19.7 | 12.1% |
| Others | 0.6 | 0.7 | 0.7 | 0.6 | 0.0% |
| Total | 14.6 | 9.6 | 7.0 | 20.3 | 11.6% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Azerbaijan in 2022:
- Russia (74.2K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Azerbaijan
In 2022, the amount of cereals; maize (corn), other than seeds exported from Azerbaijan contracted markedly to 5.8K tons, waning by -50% compared with the previous year. Over the period under review, exports saw a dramatic downturn.
In value terms, exports of cereals; maize (corn), other than seeds declined rapidly to $1.3M in 2022. In general, exports continue to indicate a sharp contraction.
| Export of Cereals; Maize (Corn), Other than Seed in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Iran | 1,126 | 1,315 | 16.8% | ||
| Iraq | 1,343 | N/A | 0% | ||
| Turkey | 161 | N/A | 0% | ||
| Others | 0.1 | N/A | 0% | ||
| Total | 2,630 | 1,315 | -50.0% | ||
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Azerbaijan in 2022:
- Iran (5.8K tons)
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This report provides an in-depth analysis of the maize market in Azerbaijan.
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This report provides an in-depth analysis of the global maize market.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the maize market in Azerbaijan.
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This report provides an in-depth analysis of the global maize market.
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Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.
