Azerbaijan: Processed Meat Market 2024

Processed Meat Market Size in Azerbaijan

In 2022, the Azerbaijani processed meat market increased by X% to $X, rising for the seventh year in a row after two years of decline. In general, consumption saw prominent growth. Processed meat consumption peaked in 2022 and is expected to retain growth in the immediate term.

Processed Meat Production in Azerbaijan

In value terms, processed meat production expanded modestly to $X in 2022 estimated in export price. Overall, production continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Processed Meat Exports

Exports from Azerbaijan

In 2022, overseas shipments of processed meat increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, faced a precipitous setback. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, processed meat exports soared to $X in 2022. Overall, exports, however, recorded a sharp shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X tons), Poland (X tons) and Russia (X tons) were the main destinations of processed meat exports from Azerbaijan, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Georgia ($X) and Ukraine ($X) constituted the largest markets for processed meat exported from Azerbaijan worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Poland, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average processed meat export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, saw a slight decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

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

Processed Meat Imports

Imports into Azerbaijan

In 2022, the amount of processed meat imported into Azerbaijan expanded markedly to X tons, rising by X% on 2021. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, processed meat imports soared to $X in 2022. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of processed meat to Azerbaijan, with a X% share of total imports. Moreover, processed meat imports from Russia exceeded the figures recorded by the second-largest supplier, Belarus (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Germany (X% per year).

In value terms, Russia ($X) constituted the largest supplier of processed meat to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average processed meat import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated a resilient 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, processed meat import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Poland ($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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