Azerbaijan: Cherry Market Overview 2020

Cherry Market Size in Azerbaijan

The revenue of the cherry market in Azerbaijan amounted to $X in 2018, reducing by -X% against the previous year. In general, cherry consumption, however, continues to indicate a significant increase. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. In that year, the cherry market reached its peak level of $X. From 2017 to 2018, the growth of the cherry market remained at a lower figure.

Cherry Production in Azerbaijan

In value terms, cherry production amounted to $X in 2018 estimated in export prices. Over the period under review, cherry production continues to indicate remarkable growth. The pace of growth was the most pronounced in 2016 when production volume increased by X% year-to-year. In that year, cherry production reached its peak level of $X. From 2017 to 2018, cherry production growth remained at a lower figure.

Average yield of cherries in Azerbaijan stood at X tonne per ha in 2018, rising by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2012 when yield increased by X% against the previous year. Over the period under review, the average cherry yield attained its peak figure level in 2018 and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Cherry harvested area in Azerbaijan amounted to X ha in 2018, increasing by X% against the previous year. In general, the total harvested area indicated a buoyant expansion from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cherry harvested area increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to cherry production attained its maximum in 2018 and is expected to retain its growth in the immediate term.

Cherry Exports

Exports from Azerbaijan

In 2018, approx. X tonnes of cherries were exported from Azerbaijan; going up by X% against the previous year. In general, cherry exports continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Over the period under review, cherry exports attained their peak figure in 2018 and are likely to see steady growth in the near future.

In value terms, cherry exports totaled $X in 2018. Overall, cherry exports continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

Russia (X tonnes) was the main destination for cherry exports from Azerbaijan, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Russia amounted to +X%.

In value terms, Russia ($X) also remains the key foreign market for cherry exports from Azerbaijan.

From 2007 to 2018, the average annual rate of growth in terms of value to Russia amounted to +X%.

Export Prices by Country

In 2018, the average cherry export price amounted to $X per tonne, remaining stable against the previous year. Overall, the cherry export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. In that year, the average export prices for cherries attained their peak level of $X per tonne. From 2017 to 2018, the growth in terms of the average export prices for cherries remained at a somewhat lower figure.

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

From 2007 to 2018, the rate of growth in terms of prices for Russia amounted to +X% per year.

Cherry Imports

Imports into Azerbaijan

In 2018, the amount of cherries imported into Azerbaijan stood at X tonnes, going up by X% against the previous year. In general, cherry imports, however, continue to indicate a drastic reduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X tonnes in 2011; however, from 2012 to 2018, imports remained at a lower figure.

In value terms, cherry imports stood at $X in 2018. In general, cherry imports, however, continue to indicate an abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, cherry imports attained their maximum at $X in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

Imports by Country

Georgia (X tonnes), Turkey (X tonnes) and Poland (X tonnes) were the main suppliers of cherry imports to Azerbaijan, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Georgia, while the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X), Turkey ($X) and Iran ($X) appeared to be the largest cherry suppliers to Azerbaijan, together comprising X% of total imports.

Georgia experienced the highest growth rate of imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cherry import price stood at $X per tonne in 2018, dropping by -X% against the previous year. Overall, the cherry import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. In that year, the average import prices for cherries reached their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the average import prices for cherries remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Turkey ($X per tonne), while the price for Poland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iran, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform