Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Azerbaijan - 2023
Contents:
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Azerbaijan (FOB) - 2022
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Azerbaijan (CIF) - 2022
- Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Azerbaijan
- Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Azerbaijan
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Azerbaijan (FOB) - 2022
In 2022, the average export price for oil seeds; cotton seeds, other than seed, whether or not broken amounted to $176 per ton, growing by 3.9% against the previous year. Over the period under review, the export price, however, recorded a mild decline. The pace of growth appeared the most rapid in 2020 an increase of 50% against the previous year. Over the period under review, the average export prices attained the peak figure at $271 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Kazakhstan ($200 per ton) and Iraq ($182 per ton), while the average price for exports to Tajikistan ($165 per ton) and Iran ($176 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Azerbaijan (CIF) - 2022
The average import price for oil seeds; cotton seeds, other than seed, whether or not broken stood at $3,960 per ton in 2022, remaining stable against the previous year. Overall, the import price posted significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Paraguay.
From 2016 to 2022, the rate of growth in terms of prices for Paraguay amounted to +0.3% per year.
Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Azerbaijan
In 2022, approx. 40K tons of oil seeds; cotton seeds, other than seed, whether or not broken were exported from Azerbaijan; growing by 43% compared with the year before. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 1,312%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of oil seeds; cotton seeds, other than seed, whether or not broken skyrocketed to $7M in 2022. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 2,017% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 2,316 | 4,077 | 5,702 | 56.9% |
| Tajikistan | 10.6 | 44.4 | 209 | 931 | 344.5% |
| Iraq | 38.7 | 85.5 | 101 | 180 | 66.9% |
| Kazakhstan | 23.5 | 26.5 | 115 | 163 | 90.7% |
| Others | 46.5 | 50.1 | 202 | 12.3 | -35.8% |
| Total | 119 | 2,523 | 4,703 | 6,989 | 288.7% |
Top Export Markets for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken from Azerbaijan in 2022:
- Turkey (32.3K tons)
- Tajikistan (5.7K tons)
- Iraq (1.0K tons)
- Kazakhstan (0.8K tons)
Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Azerbaijan
In 2022, imports of oil seeds; cotton seeds, other than seed, whether or not broken into Azerbaijan skyrocketed to 100 kg, jumping by 33% compared with the previous year's figure. The total import volume increased at an average annual rate of +33.3% over the period from 2021 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of oil seeds; cotton seeds, other than seed, whether or not broken surged to $396 in 2022. The total import value increased at an average annual rate of +33.8% over the period from 2021 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Paraguay | 296 | 396 | 33.8% | ||
| Others | N/A | N/A | 0% | ||
| Total | 296 | 396 | 33.8% | ||
Top Suppliers of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken to Azerbaijan in 2022:
- Paraguay (100.0 kg)
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