Price for Wine; Still, in Containers Holding 2 Litres or Less in Azerbaijan - 2023

Contents:

  1. Price for Wine; Still, in Containers Holding 2 Litres or Less in Azerbaijan (FOB) - 2023
  2. Price for Wine; Still, in Containers Holding 2 Litres or Less in Azerbaijan (CIF) - 2023
  3. Exports of Wine; Still, in Containers Holding 2 Litres or Less in Azerbaijan
  4. Imports of Wine; Still, in Containers Holding 2 Litres or Less in Azerbaijan

Price for Wine; Still, in Containers Holding 2 Litres or Less in Azerbaijan (FOB) - 2023

In December 2023, the average export price for wine; still, in containers holding 2 litres or lesses amounted to $1.5 per litre, shrinking by -5.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in May 2023 an increase of 16% m-o-m. Over the period under review, the average export prices hit record highs at $1.8 per litre in August 2023; however, from September 2023 to December 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In December 2023, the country with the highest price was Russia ($1.5 per litre), while the average price for exports to Belarus stood at $1.3 per litre.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.4%), while the prices for the other major destinations experienced a decline.

Price for Wine; Still, in Containers Holding 2 Litres or Less in Azerbaijan (CIF) - 2023

In December 2023, the average import price for wine; still, in containers holding 2 litres or lesses amounted to $8.8 per litre, which is down by -62.4% against the previous month. Overall, the import price, however, showed slight growth. The growth pace was the most rapid in November 2023 an increase of 342% m-o-m. As a result, import price attained the peak level of $23.3 per litre, and then shrank significantly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was France ($22.1 per litre), while the price for Georgia ($2.1 per litre) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Wine; Still, in Containers Holding 2 Litres or Less in Azerbaijan

In 2022, overseas shipments of wine; still, in containers holding 2 litres or lesses increased by 63% to 3.9M litres for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a perceptible contraction. Over the period under review, the exports of attained the peak figure at 4.1M litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wine; still, in containers holding 2 litres or lesses surged to $5.2M in 2022. Overall, exports, however, saw a perceptible setback. The exports peaked at $6M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Wine; Still, in Containers Holding 2 Litres or Less in Azerbaijan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia4.62.52.14.4-1.5%
Belarus0.40.30.30.2-20.6%
China0.40.30.40.1-37.0%
Ukraine0.10.10.1N/A0.0%
Others0.50.40.60.66.3%
Total6.03.73.55.2-4.7%

Top Export Markets for Wine; Still, in Containers Holding 2 Litres or Less from Azerbaijan in 2022:

  1. Russia (3547.2K litres)
  2. Belarus (75.6K litres)
  3. Ukraine (37.3K litres)
  4. China (22.5K litres)

Imports of Wine; Still, in Containers Holding 2 Litres or Less in Azerbaijan

In 2022, the amount of wine; still, in containers holding 2 litres or lesses imported into Azerbaijan shrank to 431K litres, which is down by -8.3% on the previous year. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 17%. As a result, imports reached the peak of 470K litres, and then shrank in the following year.

In value terms, imports of wine; still, in containers holding 2 litres or lesses stood at $2.8M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Wine; Still, in Containers Holding 2 Litres or Less in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy8138861,1061,34418.2%
France6365246956601.2%
Georgia527507645506-1.3%
Spain80.399.371.859.3-9.6%
Chile33.235.124.552.016.1%
Ukraine28.84.6N/AN/A-84.0%
Others1482141841867.9%
Total2,2662,2702,7262,8087.4%

Top Suppliers of Wine; Still, in Containers Holding 2 Litres or Less to Azerbaijan in 2022:

  1. Georgia (224.1K litres)
  2. Italy (112.1K litres)
  3. France (46.3K litres)
  4. Chile (9.9K litres)
  5. Spain (9.8K litres)

Source: IndexBox Market Intelligence Platform

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Free Data: Wine; still, in containers holding 2 litres or less - Azerbaijan