Azerbaijan: Shelled Walnut Market 2024

Shelled Walnut Market Size in Azerbaijan

The Azerbaijani shelled walnut market reduced to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Shelled Walnut Production in Azerbaijan

In value terms, shelled walnut production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Shelled walnut production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Shelled Walnut Exports

Exports from Azerbaijan

In 2022, the amount of shelled walnuts exported from Azerbaijan surged to X tons, with an increase of X% against 2021 figures. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, shelled walnut exports skyrocketed to $X in 2022. Overall, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Iraq (X kg) was the main destination for shelled walnut exports from Azerbaijan, with a X% share of total exports. Moreover, shelled walnut exports to Iraq exceeded the volume sent to the second major destination, Qatar (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to Iraq was relatively modest.

In value terms, Qatar ($X) remains the key foreign market for shelled walnuts exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Iraq ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to X%.

Export Prices by Country

The average shelled walnut export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Iraq stood at $X per ton.

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

Shelled Walnut Imports

Imports into Azerbaijan

In 2022, overseas purchases of shelled walnuts decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, shelled walnut imports dropped to $X in 2022. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of shelled walnut to Azerbaijan, accounting for a X% share of total imports. Moreover, shelled walnut imports from Ukraine exceeded the figures recorded by the second-largest supplier, Uzbekistan (X tons), eightfold. The third position in this ranking was held by Kyrgyzstan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of shelled walnuts to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Moldova, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Moldova (X% per year).

Import Prices by Country

The average shelled walnut import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price saw resilient growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Uzbekistan ($X per ton) and Ukraine ($X per ton), while the price for Kyrgyzstan ($X per ton) and Moldova ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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