Report Update: Apr 1, 2024

Azerbaijan - Wheat and Meslin Flour - Market Analysis, Forecast, Size, Trends And Insights

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Price for Wheat and Meslin Flour in Azerbaijan - 2023

Price for Wheat and Meslin Flour in Azerbaijan (CIF) - 2023

The average wheat and meslin flour import price stood at $261 per ton in July 2023, which is down by -2.8% against the previous month. Over the period under review, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in October 2022 an increase of 6.5% m-o-m. Over the period under review, average import prices hit record highs at $460 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From July 2022 to July 2023, the rate of growth in terms of prices for Russia amounted to -4.5% per month.

Price for Wheat and Meslin Flour in Azerbaijan (FOB) - 2022

In 2022, the average wheat and meslin flour export price amounted to $434 per ton, increasing by 85% against the previous year. Over the period under review, the export price, however, saw a mild decrease. Over the period under review, the average export prices reached the maximum at $520 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($435 per ton), while the average price for exports to Poland totaled $431 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+6.5%), while the prices for the other major destinations experienced a decline.

Imports of Wheat and Meslin Flour in Azerbaijan

For the fourth consecutive year, Azerbaijan recorded growth in supplies from abroad of wheat and meslin flour, which increased by 688% to 28K tons in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wheat and meslin flour imports soared to $9.9M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Wheat and Meslin Flour in Azerbaijan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	1.0	1.0	1.3	9.6	112.5%
Kazakhstan	0.1	0.1	0.1	0.2	26.0%
Others	0.1	0.1	0.1	0.1	0.0%
Total	1.1	1.2	1.5	9.9	108.0%

Top Suppliers of Wheat and Meslin Flour to Azerbaijan in 2022:

Russia (27.2K tons)
Kazakhstan (0.5K tons)

Exports of Wheat and Meslin Flour in Azerbaijan

Wheat and meslin flour exports from Azerbaijan contracted significantly to 25 tons in 2022, falling by -93% on the previous year. Overall, exports recorded a dramatic curtailment. The smallest decline of -1.1% was in 2021.

In value terms, wheat and meslin flour exports dropped sharply to $11K in 2022. Over the period under review, exports showed a sharp decline. The smallest decline of -9.5% was in 2021.

Export of Wheat and Meslin Flour in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	N/A	N/A	N/A	6.6	0%
Poland	N/A	N/A	N/A	4.3	0%
Iraq	8.3	4.3	3.9	N/A	-31.5%
Georgia	164	82.3	74.3	N/A	-32.7%
Afghanistan	13.7	6.4	5.3	N/A	-37.8%
Others	N/A	N/A	0.5	N/A	0%
Total	186	92.9	84.1	10.9	-61.2%

Top Export Markets for Wheat and Meslin Flour from Azerbaijan in 2022:

Ukraine (15.2 tons)
Poland (10.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for wheat and meslin flour in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 16 - Flour of Wheat

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023