Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Azerbaijan - 2023

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Azerbaijan (CIF) - 2023
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Azerbaijan (FOB) - 2023
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Azerbaijan
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Azerbaijan

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Azerbaijan (CIF) - 2023

The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,054 per ton in December 2023, with a decrease of -5% against the previous month. Over the period under review, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in April 2023 an increase of 14% m-o-m. As a result, import price attained the peak level of $1,440 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Turkey ($1,910 per ton), while the price for Iran ($960 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Georgia (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Azerbaijan (FOB) - 2023

The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,733 per ton in December 2023, growing by 4.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 10% month-to-month. As a result, the export price reached the peak level of $1,823 per ton. From May 2023 to December 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Georgia ($1,810 per ton), while the average price for exports to Russia ($720 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Azerbaijan

In 2022, supplies from abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -16.5% to 1.3K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 24%. As a result, imports reached the peak of 1.9K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid rose remarkably to $1.7M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, imports attained the peak of $1.7M; afterwards, it flattened through to 2022.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Azerbaijan in 2022:

1. Italy (510.7 tons)
2. Russia (286.6 tons)
3. Iran (264.9 tons)
4. Turkey (177.2 tons)
5. Georgia (45.3 tons)
6. Ukraine (25.4 tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Azerbaijan

In 2022, approx. 970 tons of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid were exported from Azerbaijan; falling by -6.8% compared with the previous year. Over the period under review, exports continue to indicate a abrupt curtailment.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid rose notably to $1.3M in 2022. In general, exports recorded a deep slump.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Azerbaijan in 2022:

1. Georgia (487.1 tons)
2. Iraq (238.0 tons)
3. Russia (131.7 tons)
4. Kazakhstan (48.2 tons)
5. Belarus (25.0 tons)

Source: IndexBox Market Intelligence Platform