Azerbaijan: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Azerbaijan

The Azerbaijani animal or vegetable fertilisers market shrank modestly to $X in 2022, dropping by X% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Animal Or Vegetable Fertilisers in Azerbaijan

In value terms, animal or vegetable fertilisers production contracted to $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports from Azerbaijan

For the fourth year in a row, Azerbaijan recorded growth in shipments abroad of animal or vegetable fertilisers, which increased by X% to X tons in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, animal or vegetable fertilisers exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Georgia (X tons) was the main destination for animal or vegetable fertilisers exports from Azerbaijan, accounting for a approx. X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Georgia totaled X%.

In value terms, Georgia ($X) also remains the key foreign market for animal or vegetable fertilisers exports from Azerbaijan.

From 2013 to 2022, the average annual growth rate of value to Georgia amounted to X%.

Export Prices by Country

In 2022, the average animal or vegetable fertilisers export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Georgia amounted to X% per year.

Imports of Animal Or Vegetable Fertilisers

Imports into Azerbaijan

In 2022, after four years of growth, there was decline in purchases abroad of animal or vegetable fertilisers, when their volume decreased by X% to X tons. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, animal or vegetable fertilisers imports skyrocketed to $X in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest animal or vegetable fertilisers supplier to Azerbaijan, with a X% share of total imports. Moreover, animal or vegetable fertilisers imports from Turkey exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a X% share.

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

In value terms, Turkey ($X) constituted the largest supplier of animal or vegetable fertilisers to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Lithuania (X% per year).

Import Prices by Country

The average animal or vegetable fertilisers import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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