Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Azerbaijan - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Azerbaijan (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Azerbaijan (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Azerbaijan
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Azerbaijan
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Azerbaijan (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,930 per ton in November 2023, with an increase of 8.2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 95% against the previous month. As a result, import price attained the peak level of $5,012 per ton. From September 2023 to November 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was India ($5,189 per ton), while the price for China ($3,772 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Azerbaijan (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $13,250 per ton in 2022, almost unchanged from the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Poland.
From 2021 to 2022, the rate of growth in terms of prices for Poland amounted to 0.0% per year.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Azerbaijan
For the fourth consecutive year, Azerbaijan recorded growth in supplies from abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, which increased by 12% to 284 tons in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 59% against the previous year. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $789K in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 195 | 219 | 349 | 433 | 30.5% |
| Uzbekistan | 63.6 | 71.6 | 127 | 168 | 38.2% |
| India | 45.0 | 81.1 | 92.3 | 125 | 40.6% |
| Iran | N/A | N/A | N/A | 30.2 | 0% |
| United Arab Emirates | 11.4 | 5.0 | 21.6 | 0.7 | -60.5% |
| Others | 18.9 | 18.0 | 31.6 | 32.4 | 19.7% |
| Total | 334 | 395 | 621 | 789 | 33.2% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Azerbaijan in 2022:
- Turkey (135.3 tons)
- Uzbekistan (76.7 tons)
- India (54.1 tons)
- Iran (13.7 tons)
- United Arab Emirates (0.3 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Azerbaijan
In 2022, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground from Azerbaijan declined notably to 36 kg, with a decrease of -50% against 2021 figures. Over the period under review, exports recorded a sharp downturn.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground plummeted to $477 in 2022. In general, exports showed a sharp shrinkage.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Poland | N/A | 477 | 0% | ||
| Russia | 953 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 953 | 477 | -49.9% | ||
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Azerbaijan in 2022:
- Poland (36.0 kg)
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