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Azerbaijan - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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Azerbaijan: Almond Market Overview 2021

Almond Market Size in Azerbaijan

In 2020, the Azerbaijani almond market decreased by -X% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. Almond consumption peaked at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Almond Production in Azerbaijan

In value terms, almond production fell notably to $X in 2020 estimated in export prices. Overall, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Almond production peaked at $X in 2017; however, from 2018 to 2020, production remained at a lower figure.

The average yield of almonds in Azerbaijan rose notably to X tonnes per ha in 2020, surging by X% compared with 2019. Over the period under review, the yield enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 when the yield increased by X% against the previous year. Over the period under review, the average almond yield attained the peak level at X tonnes per ha in 2018; however, from 2019 to 2020, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the almond harvested area in Azerbaijan shrank modestly to X ha, which is down by -X% against 2019. Overall, the harvested area recorded a slight downturn. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to almond production attained the maximum at X ha in 2017; however, from 2018 to 2020, the harvested area stood at a somewhat lower figure.

Almond Exports

Exports from Azerbaijan

After two years of decline, shipments abroad of almonds decreased by X% to X kg in 2020. In general, exports showed a deep slump. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. Exports peaked at X kg in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, almond exports stood at $X in 2020. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to continue growth in the near future.

Exports by Country

Iceland (X kg) was the main destination for almond exports from Azerbaijan, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Iceland was relatively modest.

From 2007 to 2020, the average annual rate of growth in terms of value to Iceland was relatively modest.

Export Prices by Country

The average almond export price stood at $X per tonne in 2020, approximately mirroring the previous year. Overall, the export price recorded significant growth. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum in 2020 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Iceland.

From 2007 to 2020, the rate of growth in terms of prices for Iceland amounted to X% per year.

Almond Imports

Imports into Azerbaijan

In 2020, imports of almonds into Azerbaijan reduced markedly to X tonnes, shrinking by -X% against the year before. Overall, imports, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, almond imports dropped remarkably to $X in 2020. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Uzbekistan (X tonnes) was the main almond supplier to Azerbaijan, accounting for a X% share of total imports. Moreover, almond imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Uzbekistan totaled +X%.

In value terms, Uzbekistan ($X) constituted the largest supplier of almond to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Uzbekistan amounted to +X%.

Import Prices by Country

In 2020, the average almond import price amounted to $X per tonne, increasing by X% against the previous year. In general, the import price continues to indicate prominent growth. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked in 2020 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Uzbekistan stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?
+
The U.S. (1.7M tonnes) constituted the country with the largest volume of almond consumption, comprising approx. 48% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (364K tonnes), fivefold. India (218K tonnes) ranked third in terms of total consumption with a 6.1% share.
What are the largest producers of almonds in the world?
+
The U.S. (2M tonnes) constituted the country with the largest volume of almond production, comprising approx. 56% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (358K tonnes), sixfold. Iran (179K tonnes) ranked third in terms of total production with a 4.9% share.
What are the leading suppliers of almonds to Azerbaijan?
+
In value terms, Uzbekistan ($94K) constituted the largest supplier of almond to Azerbaijan, comprising 89% of total imports. The second position in the ranking was occupied by the U.S. ($11K), with a 11% share of total imports.
What is the average export price for almonds in Azerbaijan?
+
The average almond export price stood at $6,719 per tonne in 2020, leveling off at the previous year.
What is the average import price for almonds in Azerbaijan?
+
In 2020, the average almond import price amounted to $3,010 per tonne, increasing by 11% against the previous year.

Product coverage:
• FCL 221 - Almonds

This report provides an in-depth analysis of the almond 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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