Azerbaijan: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Azerbaijan

The Azerbaijani rusks and toasted bread market shrank to $X in 2022, flattening at the previous year. In general, consumption, however, recorded a noticeable increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Rusks, Toasted Bread and Similar Toasted Products in Azerbaijan

In value terms, rusks and toasted bread production fell modestly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Azerbaijan

In 2022, the amount of rusks, toasted bread and similar toasted products exported from Azerbaijan soared to X tons, jumping by X% compared with the previous year. Over the period under review, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, rusks and toasted bread exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X tons), Moldova (X tons) and Georgia (X tons) were the main destinations of rusks and toasted bread exports from Azerbaijan, with a combined X% share of total exports. Kazakhstan and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rusks and toasted bread exported from Azerbaijan were Moldova ($X), Belarus ($X) and Georgia ($X), with a combined X% share of total exports. Kazakhstan and Germany lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Kazakhstan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Moldova ($X per ton), while the average price for exports to Kazakhstan ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced a decline.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Azerbaijan

In 2022, overseas purchases of rusks, toasted bread and similar toasted products increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, total imports indicated a moderate increase from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, rusks and toasted bread imports surged to $X in 2022. Over the period under review, imports recorded a resilient increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia (X tons), Iran (X tons) and Turkey (X tons) were the main suppliers of rusks and toasted bread imports to Azerbaijan, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), Turkey ($X) and Ukraine ($X) appeared to be the largest rusks and toasted bread suppliers to Azerbaijan, together comprising X% of total imports. These countries were followed by Iran, which accounted for a further X%.

In terms of the main suppliers, Iran, with a CAGR of X%, saw 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 2022, the average rusks and toasted bread import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated resilient growth 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, rusks and toasted bread import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, 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 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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