Azerbaijan: Beef Market 2024

Beef Market Size in Azerbaijan

The Azerbaijani beef market shrank to $X in 2021, falling by -12.9% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then declined in the following year.

Beef Production in Azerbaijan

In value terms, beef production contracted significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 447% against the previous year. As a result, production reached the peak level of $X, and then dropped dramatically in the following year.

In 2021, the average beef yield in Azerbaijan totaled X kg per head, approximately mirroring 2020 figures. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 0.1% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2019 to 2021, the growth of the average beef yield remained at a somewhat lower figure.

In 2021, the number of animals slaughtered for beef production in Azerbaijan totaled X heads, remaining stable against 2020 figures. This number increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by 6%. The number of animals slaughtered for beef production peaked in 2021 and is likely to see gradual growth in years to come.

Beef Exports

Exports from Azerbaijan

In 2021, exports of beef (cattle meat) from Azerbaijan fell remarkably to X tons, waning by -20.2% against the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 412%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, beef exports contracted sharply to $X in 2021. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 394%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for beef exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for beef (cattle meat) exports from Azerbaijan.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +19.2%.

Export Prices by Country

The average beef export price stood at $X per ton in 2021, which is down by -3.5% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 an increase of 518% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank modestly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Georgia amounted to +53.7% per year.

Beef Imports

Imports into Azerbaijan

After two years of growth, overseas purchases of beef (cattle meat) decreased by -43.1% to X tons in 2021. Over the period under review, imports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 70%. Imports peaked at X tons in 2020, and then reduced markedly in the following year.

In value terms, beef imports reduced sharply to $X in 2021. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 92% against the previous year. Imports peaked at $X in 2020, and then shrank rapidly in the following year.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest beef supplier to Azerbaijan, accounting for a 44% share of total imports. Moreover, beef imports from Ukraine exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by Belarus (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine totaled +40.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-12.6% per year) and Belarus (+161.2% per year).

In value terms, Ukraine ($X) constituted the largest supplier of beef (cattle meat) to Azerbaijan, comprising 46% of total imports. The second position in the ranking was taken by Georgia ($X), with a 16% share of total imports. It was followed by Belarus, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Ukraine totaled +43.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (+56.3% per year) and Belarus (+168.1% per year).

Import Prices by Country

In 2021, the average beef import price amounted to $X per ton, picking up by 5.3% against the previous year. Overall, the import price posted a buoyant increase. The growth pace was the most rapid in 2014 an increase of 20% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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