Azerbaijan: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Azerbaijan

The Azerbaijani sheep and goat meat market contracted to $X in 2022, declining by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Sheep And Goat Meat in Azerbaijan

In value terms, sheep and goat meat production dropped to $X in 2022 estimated in export price. In general, production recorded a slight decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

In 2022, the average sheep and goat meat yield in Azerbaijan stood at X kg per head, almost unchanged from the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. Over the period under review, the average sheep and goat meat yield attained the peak level in 2022 and is likely to see steady growth in the near future.

The number of animals slaughtered for sheep and goat meat production in Azerbaijan fell modestly to X heads in 2022, leveling off at the previous year's figure. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2021, and then contracted slightly in the following year.

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Exports of Sheep And Goat Meat

Exports from Azerbaijan

In 2022, shipments abroad of sheep and goat meat decreased by X% to X kg, falling for the fifth year in a row after two years of growth. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, sheep and goat meat exports declined remarkably to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X kg) was the main destination for sheep and goat meat exports from Azerbaijan, accounting for a approx. X% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to X%.

In value terms, Qatar ($X) emerged as the key foreign market for sheep and goat meat exports from Azerbaijan.

From 2016 to 2022, the average annual growth rate of value to Qatar totaled X%.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price enjoyed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Imports of Sheep And Goat Meat

Imports into Azerbaijan

In 2022, sheep and goat meat imports into Azerbaijan skyrocketed to X tons, jumping by X% on 2021. In general, imports, however, showed a deep setback. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sheep and goat meat imports soared to $X in 2022. Overall, imports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of sheep and goat meat to Azerbaijan, with a X% share of total imports. Moreover, sheep and goat meat imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Mongolia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Mongolia (X% per year).

In value terms, Luxembourg ($X), Turkey ($X) and Saudi Arabia ($X) constituted the largest sheep and goat meat suppliers to Azerbaijan, with a combined X% share of total imports. Australia, Mongolia and Russia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Russia, with a CAGR of X%, recorded 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

The average sheep and goat meat import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 Luxembourg ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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