Price for Homogenised Composite Food Preparations in Azerbaijan - 2023

Contents:

1. Price for Homogenised Composite Food Preparations in Azerbaijan (CIF) - 2022
2. Price for Homogenised Composite Food Preparations in Azerbaijan (FOB) - 2022
3. Imports of Homogenised Composite Food Preparations in Azerbaijan
4. Exports of Homogenised Composite Food Preparations in Azerbaijan

Price for Homogenised Composite Food Preparations in Azerbaijan (CIF) - 2022

The average homogenised composite food preparations import price stood at $2,383 per ton in 2022, jumping by 19% against the previous year. Over the period under review, the import price showed a pronounced expansion. The growth pace was the most rapid in 2016 when the average import price increased by 116%. The import price peaked at $5,219 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($6,464 per ton), while the price for Iran ($904 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Homogenised Composite Food Preparations in Azerbaijan (FOB) - 2022

In 2022, the average homogenised composite food preparations export price amounted to $1,173 per ton, declining by -90.7% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 122%. Over the period under review, the average export prices reached the peak figure at $12,611 per ton in 2021, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($4,000 per ton), while the average price for exports to Turkey amounted to $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+65.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Homogenised Composite Food Preparations in Azerbaijan

In 2022, approx. 314 tons of homogenised composite food preparationses were imported into Azerbaijan; jumping by 204% on the previous year. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, homogenised composite food preparations imports soared to $747K in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Homogenised Composite Food Preparations to Azerbaijan in 2022:

1. Russia (173.1 tons)
2. Iran (121.9 tons)
3. Turkey (16.7 tons)

Exports of Homogenised Composite Food Preparations in Azerbaijan

In 2022, the amount of homogenised composite food preparationses exported from Azerbaijan contracted notably to 53 kg, which is down by -44.2% against 2021. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,483% against the previous year. As a result, the exports attained the peak of 95 kg, and then contracted rapidly in the following year.

In value terms, homogenised composite food preparations exports contracted markedly to $62 in 2022. Overall, exports saw a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 2,895% against the previous year. As a result, the exports attained the peak of $1.2K, and then contracted notably in the following year.

Top Export Markets for Homogenised Composite Food Preparations from Azerbaijan in 2022:

1. Turkey (50.0 kg)
2. Qatar (3.0 kg)