Azerbaijan: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Azerbaijan

The Azerbaijani prepared frozen vegetable market totaled $X in 2020, picking up by X% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level in 2020 and is expected to retain growth in the near future.

Prepared Frozen Vegetable Production in Azerbaijan

In value terms, prepared frozen vegetable production reduced modestly to $X in 2020 estimated in export prices. Overall, the total production indicated a perceptible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2019, and then contracted slightly in the following year.

Prepared Frozen Vegetable Exports

Exports from Azerbaijan

In 2020, shipments abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the second consecutive year after nine years of growth. Overall, exports faced a abrupt setback. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, prepared frozen vegetable exports declined markedly to $X in 2020. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

Georgia (X kg) and Russia (X kg) were the main destinations of prepared frozen vegetable exports from Azerbaijan.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia.

In value terms, Georgia ($X) remains the key foreign market for prepared frozen vegetable exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Georgia stood at +X%.

Export Prices by Country

In 2020, the average prepared frozen vegetable export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price recorded a tangible increase. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2020, the country with the highest price was Georgia ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Russia.

Prepared Frozen Vegetable Imports

Imports into Azerbaijan

After two years of growth, overseas purchases of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons in 2020. Overall, imports faced a abrupt decline. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, prepared frozen vegetable imports reduced notably to $X in 2020. In general, imports recorded a slight decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then reduced dramatically in the following year.

Imports by Country

In 2020, Turkey (X tons) constituted the largest supplier of prepared frozen vegetable to Azerbaijan, accounting for a X% share of total imports. Moreover, prepared frozen vegetable imports from Turkey exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was occupied by Belgium (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Turkey totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Belgium (+X% per year).

In value terms, Turkey ($X) constituted the largest supplier of prepared frozen vegetable to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average prepared frozen vegetable import price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the import price posted resilient growth. The pace of growth was the most pronounced in 2018 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure in 2020 and is likely to continue growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :