Azerbaijan: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Azerbaijan

After three years of growth, the Azerbaijani market for malt extract and food preparations of flour, meal, and starches decreased by X% to $X in 2022. Over the period under review, consumption, however, posted a strong increase. Over the period under review, the market attained the maximum level at $X in 2021, and then fell dramatically in the following year.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Azerbaijan

In 2022, exports of malt extract and food preparations of flour, meal, and starches from Azerbaijan dropped markedly to X kg, with a decrease of X% against 2021 figures. Overall, exports showed a dramatic decrease. The pace of growth appeared the most rapid in 2020 when exports increased by X,900% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches contracted significantly to $X in 2022. Over the period under review, exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by X,940%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X kg) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Azerbaijan, with a approx. X% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to Iran was relatively modest.

In value terms, Iran ($X) emerged as the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Azerbaijan.

From 2016 to 2022, the average annual growth rate of value to Iran was relatively modest.

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, saw a mild increase. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

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

From 2016 to 2022, the rate of growth in terms of prices for Ukraine amounted to X% per year.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Azerbaijan

After three years of growth, overseas purchases of malt extract and food preparations of flour, meal, and starches decreased by X% to X tons in 2022. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports of reached the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches contracted remarkably to $X in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest malt extract and food preparations of flour, meal, and starch supplier to Azerbaijan, with a X% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. The third position in this ranking was held by Denmark (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Denmark (X% per year).

In value terms, Russia ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Denmark (X% per year).

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for malt extract and food preparations of flour, meal, and starches increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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