Price for Cereals; Rye, Other than Seed in Azerbaijan - 2023

Contents:

  1. Price for Cereals; Rye, Other than Seed in Azerbaijan (CIF) - 2022
  2. Imports of Cereals; Rye, Other than Seed in Azerbaijan

Price for Cereals; Rye, Other than Seed in Azerbaijan (CIF) - 2022

The average import price for cereals; rye, other than seeds stood at $583 per ton in 2022, approximately mirroring the previous year. In general, the import price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48% against the previous year. As a result, import price attained the peak level of $584 per ton, leveling off in the following year.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +13.5% per year.

Imports of Cereals; Rye, Other than Seed in Azerbaijan

In 2022, imports of cereals; rye, other than seeds into Azerbaijan reduced sharply to 4 tons, which is down by -49.7% on the year before. Over the period under review, imports faced a significant decrease. The growth pace was the most rapid in 2021 when imports increased by 18,505%.

In value terms, cereals; rye, other than seed imports dropped sharply to $2.3K in 2022. Overall, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 27,394% against the previous year.

Import of Cereals; Rye, Other than Seed in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia15.0N/A4.72.3-46.5%
United Arab Emirates15.1N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total30.1N/A4.72.3-57.6%

Top Suppliers of Cereals; Rye, Other than Seed to Azerbaijan in 2022:

  1. Russia (4.0 tons)

Source: IndexBox Market Intelligence Platform

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