Azerbaijan: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in Azerbaijan

The Azerbaijani carrot and turnip market fell rapidly to $X in 2022, with a decrease of -15.1% against the previous year. In general, consumption, however, continues to indicate a buoyant increase. Carrot and turnip consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Carrot And Turnip Production in Azerbaijan

In value terms, carrot and turnip production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a prominent increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 79%. Carrot and turnip production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of carrots and turnips in Azerbaijan fell to X tons per ha in 2022, waning by -5.3% on the year before. Overall, the yield, however, posted strong growth. The growth pace was the most rapid in 2018 when the yield increased by 70%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average carrot and turnip yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The carrot and turnip harvested area in Azerbaijan reduced to X ha in 2022, standing approx. at the previous year's figure. Over the period under review, the total harvested area indicated a moderate increase from 2012 to 2022: its figure increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carrot and turnip harvested area decreased by +0.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when the harvested area increased by 29%. Over the period under review, the harvested area dedicated to carrot and turnip production attained the maximum at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

Carrot And Turnip Exports

Exports from Azerbaijan

In 2022, approx. X tons of carrots and turnips were exported from Azerbaijan; jumping by 130% against the previous year's figure. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 366% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, carrot and turnip exports skyrocketed to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 337%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons) was the main destination for carrot and turnip exports from Azerbaijan, accounting for a 90% share of total exports. Moreover, carrot and turnip exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (0.0% per year) and Georgia (+30.3% per year).

In value terms, Russia ($X) remains the key foreign market for carrots and turnips exports from Azerbaijan, comprising 88% of total exports. The second position in the ranking was taken by Belarus ($X), with a 9.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +41.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (0.0% per year) and Georgia (+42.8% per year).

Export Prices by Country

The average carrot and turnip export price stood at $X per ton in 2022, jumping by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2016 an increase of 41%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+9.6%).

Carrot And Turnip Imports

Imports into Azerbaijan

After two years of growth, purchases abroad of carrots and turnips decreased by -47.9% to X tons in 2022. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when imports increased by 6,610% against the previous year. Imports peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, carrot and turnip imports plummeted to $X in 2022. Over the period under review, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 991% against the previous year. Imports peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

Iran (X tons) and Turkey (X tons) were the main suppliers of carrot and turnip imports to Azerbaijan.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +63.8%).

In value terms, the largest carrot and turnip suppliers to Azerbaijan were Iran ($X) and Turkey ($X).

Iran, with a CAGR of +82.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average carrot and turnip import price stood at $X per ton in 2022, flattening at the previous year. In general, the import price, however, showed a mild expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 2,347%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Iran stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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