Azerbaijan: Nuts Market 2022

Nuts Market Size in Azerbaijan

The Azerbaijani nuts market dropped significantly to $X in 2021, with a decrease of -X% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. As a result, consumption reached the peak level of $X, and then declined dramatically in the following year.

Nuts Production in Azerbaijan

In value terms, nuts production declined notably to $X in 2021 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X, and then contracted notably in the following year.

Nuts Exports

Exports from Azerbaijan

In 2021, after seven years of decline, there was significant growth in overseas shipments of nuts (prepared or preserved), when their volume increased by X% to X tons. Over the period under review, exports, however, saw a abrupt curtailment. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, nuts exports skyrocketed to $X in 2021. Overall, exports, however, saw a perceptible curtailment. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for nuts exports from Azerbaijan, with a X% share of total exports. Moreover, nuts exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at -X%.

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

From 2012 to 2021, the average annual growth rate of value to Russia was relatively modest.

Export Prices by Country

The average nuts export price stood at $X per ton in 2021, jumping by X% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nuts export price increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Belarus ($X per ton), while the average price for exports to Russia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+X%).

Nuts Imports

Imports into Azerbaijan

Nuts imports into Azerbaijan surged to X tons in 2021, increasing by X% on 2020. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, nuts imports surged to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X tons), Uzbekistan (X tons) and Turkey (X tons) were the main suppliers of nuts imports to Azerbaijan, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Russia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nuts suppliers to Azerbaijan were Turkey ($X), Russia ($X) and Uzbekistan ($X), with a combined X% share of total imports. China, Ukraine and Iran lagged somewhat behind, together accounting for a further X terms of the main suppliers, China, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nuts import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform