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Azerbaijan - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Azerbaijan: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in Azerbaijan

The Azerbaijani virgin olive oil market soared to $X in 2020, increasing by X% against the previous year. Overall, consumption continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level in 2020 and is likely to see gradual growth in the near future.

Virgin Olive Oil Production in Azerbaijan

In value terms, virgin olive oil production soared to $X in 2020 estimated in export prices. Over the period under review, production posted a buoyant increase. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, production hit record highs in 2020 and is likely to see steady growth in years to come.

Virgin Olive Oil Exports

Exports from Azerbaijan

In 2020, overseas shipments of virgin olive oil increased by X% to X tonnes, rising for the second year in a row after three years of decline. Over the period under review, total exports indicated pronounced growth from 2007 to 2020: its volume 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, exports increased by +X% against 2018 indices. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, virgin olive oil exports soared to $X in 2020. In general, exports showed notable growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tonnes) was the main destination for virgin olive oil exports from Azerbaijan, with a X% share of total exports. It was followed by Russia (X kg), with a X% share of total exports.

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

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

From 2007 to 2020, the average annual rate of growth in terms of value to Iran totaled +X%.

Export Prices by Country

In 2020, the average virgin olive oil export price amounted to $X per tonne, with an increase of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum at $X per tonne in 2007; afterwards, it flattened through to 2020.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Russia ($X per tonne), while the average price for exports to Iran totaled $X per tonne.

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

Virgin Olive Oil Imports

Imports into Azerbaijan

In 2020, supplies from abroad of virgin olive oil increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Over the period under review, imports saw a pronounced increase. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

In value terms, virgin olive oil imports soared to $X in 2020. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

Turkey (X tonnes), Spain (X tonnes) and Italy (X tonnes) were the main suppliers of virgin olive oil imports to Azerbaijan, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest virgin olive oil suppliers to Azerbaijan were Turkey ($X), Spain ($X) and Italy ($X), with a combined X% share of total imports.

In terms of the main suppliers, Italy saw the highest rates of growth with regard to 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 2020, the average virgin olive oil import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price, however, posted a perceptible expansion. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Greece ($X per tonne) 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) :

What are the largest markets for virgin olive oil in the world?
+
Spain (1.3M tonnes) constituted the country with the largest volume of virgin olive oil consumption, accounting for 33% of total volume. Moreover, virgin olive oil consumption in Spain exceeded the figures recorded by the second-largest consumer, Italy (498K tonnes), threefold. The U.S. (313K tonnes) ranked third in terms of total consumption with a 7.8% share.
What are the largest producers of virgin olive oil in the world?
+
Spain (1.9M tonnes) constituted the country with the largest volume of virgin olive oil production, accounting for 49% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Tunisia (466K tonnes), fourfold. Greece (329K tonnes) ranked third in terms of total production with a 8.3% share.
What are the leading suppliers of virgin olive oil to Azerbaijan?
+
In value terms, Turkey ($392K), Spain ($245K) and Italy ($186K) were the largest virgin olive oil suppliers to Azerbaijan, together accounting for 95% of total imports.
What are the leading importers of virgin olive oil from Azerbaijan?
+
In value terms, Iran ($7.6K) remains the key foreign market for virgin olive oil exports from Azerbaijan, comprising 95% of total exports. The second position in the ranking was occupied by Russia ($387), with a 4.8% share of total exports.
What is the average export price for virgin olive oil in Azerbaijan?
+
The average virgin olive oil export price stood at $5,919 per tonne in 2020, increasing by 25% against the previous year.
What is the average import price for virgin olive oil in Azerbaijan?
+
In 2020, the average virgin olive oil import price amounted to $4,270 per tonne, which is down by -4.1% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil 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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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