Azerbaijan: Almond Market 2025

Almond Market Size in Azerbaijan

After six years of growth, the Azerbaijani almond market decreased by -12.4% to $X in 2021. Overall, consumption, however, showed a buoyant increase. Almond consumption peaked at $X in 2020, and then reduced in the following year.

Almond Production in Azerbaijan

In value terms, almond production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a significant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 161% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

The average yield of almonds in Azerbaijan shrank remarkably to X tons per ha in 2021, with a decrease of -17.6% compared with the previous year's figure. In general, the yield, however, showed moderate growth. The most prominent rate of growth was recorded in 2015 when the yield increased by 118% against the previous year. Over the period under review, the average almond yield attained the maximum level at X tons per ha in 2018; however, from 2019 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of almonds were harvested in Azerbaijan; with a decrease of -1.5% on the previous year. Overall, the total harvested area indicated moderate growth from 2012 to 2021: its figure increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, almond harvested area increased by +77.4% against 2018 indices. The pace of growth was the most pronounced in 2019 when the harvested area increased by 75% against the previous year. The almond harvested area peaked at X ha in 2020, and then reduced modestly in the following year.

Almond Exports

Exports from Azerbaijan

In 2021, overseas shipments of almonds increased by 7,007% to X tons, rising for the third consecutive year after two years of decline. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, almond exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X tons) and Turkey (X tons) were the main destinations of almond exports from Azerbaijan.

From 2016 to 2021, the biggest increases were in Turkey (with a CAGR of 0.0%).

In value terms, the largest markets for almond exported from Azerbaijan were Uzbekistan ($X) and Turkey ($X).

Turkey, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average almond export price stood at $X per ton in 2021, dropping by -41.3% against the previous year. In general, the export price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 32%. The export price peaked at $X per ton in 2020, and then dropped significantly in the following year.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Turkey totaled $X per ton.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (0.0%).

Almond Imports

Imports into Azerbaijan

Almond imports into Azerbaijan surged to X tons in 2021, with an increase of 132% against 2020 figures. Overall, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 265% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, almond imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 731% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), the United Arab Emirates (X tons) and Uzbekistan (X tons) were the main suppliers of almond imports to Azerbaijan, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uzbekistan (with a CAGR of +2.3%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of almond to Azerbaijan, comprising 51% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 23% share of total imports. It was followed by Uzbekistan, with a 22% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+0.5% per year) and Uzbekistan (+40.4% per year).

Import Prices by Country

The average almond import price stood at $X per ton in 2021, waning by -22.8% against the previous year. Over the period under review, the import price, however, continues to indicate a significant increase. The growth pace was the most rapid in 2020 when the average import price increased by 135%. As a result, import price attained the peak level of $X per ton, and then declined notably in the following year.

Prices varied noticeably country of origin: the country with the highest price was Uzbekistan ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+41.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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