Azerbaijan - Shelled Hazelnuts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingShelled Hazelnut Price in Azerbaijan - 2023
Contents:
- Shelled Hazelnut Price in Azerbaijan (FOB) - 2023
- Shelled Hazelnut Price in Azerbaijan (CIF) - 2022
- Shelled Hazelnut Exports in Azerbaijan
- Shelled Hazelnut Imports in Azerbaijan
Shelled Hazelnut Price in Azerbaijan (FOB) - 2023
In October 2023, the average shelled hazelnut export price amounted to $5,953 per ton, growing by 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In October 2023, the countries with the highest prices were Germany ($6,707 per ton) and Italy ($6,433 per ton), while the average price for exports to Switzerland ($5,650 per ton) and Russia ($5,716 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Shelled Hazelnut Price in Azerbaijan (CIF) - 2022
The average shelled hazelnut import price stood at $7,003 per ton in 2022, with a decrease of -41.4% against the previous year. In general, the import price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 191% against the previous year. Over the period under review, average import prices reached the maximum at $11,955 per ton in 2021, and then shrank rapidly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +5.8% per year.
Shelled Hazelnut Exports in Azerbaijan
In 2022, approx. 20K tons of shelled hazelnuts were exported from Azerbaijan; with an increase of 10% on 2021 figures. Overall, exports, however, saw a perceptible contraction.
In value terms, shelled hazelnut exports declined to $106M in 2022. Over the period under review, exports, however, continue to indicate a deep reduction.
| Export of Shelled Hazelnut in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 57.8 | 50.5 | 47.2 | 51.9 | -3.5% |
| Italy | 33.2 | 28.9 | 34.7 | 26.6 | -7.1% |
| Germany | 20.9 | 15.2 | 17.0 | 19.5 | -2.3% |
| Switzerland | 0.9 | 1.3 | 1.3 | 2.0 | 30.5% |
| Kazakhstan | 0.4 | 0.8 | 2.8 | 2.0 | 71.0% |
| Czech Republic | N/A | 9.2 | 1.2 | 0.5 | -76.7% |
| Others | 11.0 | 7.7 | 4.5 | 3.7 | -30.5% |
| Total | 124 | 114 | 109 | 106 | -5.1% |
Top Export Markets for Shelled Hazelnut from Azerbaijan in 2022:
- Russia (10.7K tons)
- Italy (4.3K tons)
- Germany (3.3K tons)
- Kazakhstan (0.8K tons)
- Switzerland (0.3K tons)
- Czech Republic (0.1K tons)
Shelled Hazelnut Imports in Azerbaijan
In 2022, purchases abroad of shelled hazelnuts was finally on the rise to reach 794 kg after two years of decline. In general, imports, however, continue to indicate a dramatic slump.
In value terms, shelled hazelnut imports surged to $5.6K in 2022. Over the period under review, imports, however, recorded a sharp reduction.
| Import of Shelled Hazelnut in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.4 | 2.7 | N/A | 5.6 | 141.0% |
| Italy | N/A | N/A | 3.7 | N/A | 0% |
| Others | 6,887 | N/A | N/A | N/A | 0% |
| Total | 6,887 | 2.7 | 3.7 | 5.6 | -90.7% |
Top Suppliers of Shelled Hazelnut to Azerbaijan in 2022:
- Turkey (794.0 kg)
This report provides an in-depth analysis of the shelled hazelnut market 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:
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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