Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Azerbaijan - 2023

Contents:

1. Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Azerbaijan (CIF) - 2022
2. Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Azerbaijan (FOB) - 2022
3. Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Azerbaijan
4. Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Azerbaijan

Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Azerbaijan (CIF) - 2022

In 2022, the average import price for seed; vegetable seed, of a kind used for sowings amounted to $93,350 per ton, falling by -7.4% against the previous year. Overall, the import price, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 an increase of 566%. The import price peaked at $115,038 per ton in 2019; however, from 2020 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 Guatemala ($182,960 per ton), while the price for New Zealand ($10,785 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+95.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Azerbaijan (FOB) - 2022

In 2022, the average export price for seed; vegetable seed, of a kind used for sowings amounted to $14,967 per ton, jumping by 129% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 1,658% against the previous year. As a result, the export price attained the peak level of $36,409 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($6,515 per ton), while the average price for exports to Georgia amounted to $1,159 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+21.9%).

Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Azerbaijan

In 2022, the amount of seed; vegetable seed, of a kind used for sowings imported into Azerbaijan stood at 132 tons, therefore, remained relatively stable against the previous year's figure. The total import volume increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 43% against the previous year. As a result, imports attained the peak of 140 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of seed; vegetable seed, of a kind used for sowings reduced to $12M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Seed; Vegetable Seed, of A Kind Used for Sowing to Azerbaijan in 2022:

1. Turkey (47.9 tons)
2. New Zealand (27.0 tons)
3. United States (13.9 tons)
4. France (12.9 tons)
5. Australia (5.8 tons)
6. Chile (5.6 tons)
7. Italy (5.4 tons)
8. Guatemala (5.0 tons)
9. China (0.8 tons)

Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Azerbaijan

In 2022, shipments abroad of seed; vegetable seed, of a kind used for sowings decreased by -10.6% to 22 tons, falling for the second year in a row after two years of growth. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 789%. As a result, the exports reached the peak of 53 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of seed; vegetable seed, of a kind used for sowings surged to $329K in 2022. Over the period under review, exports, however, recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Seed; Vegetable Seed, of A Kind Used for Sowing from Azerbaijan in 2022:

1. Georgia (21.3 tons)
2. Uzbekistan (0.7 tons)

Source: IndexBox Market Intelligence Platform