Report Update Jan 1, 2025

Azerbaijan - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Animal Fats Market 2025

Animal Fats Market Size in Azerbaijan

The Azerbaijani animal fats market contracted notably to $X in 2021, with a decrease of -16.9% against the previous year. In general, consumption, however, showed a remarkable increase. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Animal Fats Production in Azerbaijan

In value terms, animal fats production shrank dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 77%. As a result, production attained the peak level of $X, and then contracted remarkably in the following year.

Animal Fats Exports

Exports from Azerbaijan

In 2016, animal fats exports from Azerbaijan amounted to X tons, approximately equating 2015. Overall, exports showed a relatively flat trend pattern. The exports peaked in 2016 and are expected to retain growth in the near future.

In value terms, animal fats exports amounted to $X in 2016. Over the period under review, exports showed a relatively flat trend pattern. The exports peaked in 2016 and are likely to see gradual growth in years to come.

Exports by Country

Georgia (X tons) was the main destination for animal fats exports from Azerbaijan, with a approx. 100% share of total exports.

From 2016 to 2016, the average annual rate of growth in terms of volume to Georgia was relatively modest.

From 2016 to 2016, the average annual growth rate of value to Georgia was relatively modest.

Animal Fats Imports

Imports into Azerbaijan

In 2021, the amount of animal fats and oils imported into Azerbaijan soared to X tons, rising by 192% compared with the previous year. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 617% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, animal fats imports surged to $X in 2021. Overall, imports posted significant growth. The growth pace was the most rapid in 2017 when imports increased by 426%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Iran (X tons) was the main animal fats supplier to Azerbaijan, accounting for a approx. 99.9% share of total imports.

From 2015 to 2021, the average annual growth rate of volume from Iran stood at +65.6%.

In value terms, Iran ($X) constituted the largest supplier of animal fats and oils to Azerbaijan.

From 2015 to 2021, the average annual rate of growth in terms of value from Iran totaled +69.5%.

Import Prices by Country

The average animal fats import price stood at $X per ton in 2021, picking up by 7.9% against the previous year. Over the period from 2015 to 2021, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Iran.

From 2015 to 2021, the rate of growth in terms of prices for China amounted to +9.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal fats and oils in the world?

The countries with the highest volumes of animal fats consumption in 2020 were China, the U.S. and India, together comprising 27% of global consumption. These countries were followed by Italy, Japan, Russia, Brazil, Indonesia, Spain, Germany, Mexico, Pakistan and France, which together accounted for a further 26%.

What are the largest producers of animal fats and oils in the world?

The country with the largest volume of animal fats production was China, comprising approx. 15% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. The third position in this ranking was occupied by India, with a 5.6% share.

What are the leading suppliers of animal fats and oils to Azerbaijan?

In value terms, Iran constituted the largest supplier of animal fats to Azerbaijan, comprising 87% of total imports. The second position in the ranking was occupied by China, with a 13% share of total imports.

What is the average export price for animal fats and oils in Azerbaijan?

The average animal fats export price stood at $1,227 per ton in 2016, approximately mirroring the previous year.

What is the average import price for animal fats and oils in Azerbaijan?

The average animal fats import price stood at $1,586 per ton in 2020, with an increase of 21% against the previous year.

This report provides an in-depth analysis of the animal fats market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024