Azerbaijan: Cheese Market 2024

Cheese Market Size in Azerbaijan

The Azerbaijani cheese market expanded slightly to $X in 2021, increasing by 3.5% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +27.9% against 2016 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Cheese Production in Azerbaijan

In value terms, cheese production stood at $X in 2021 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.7% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 54%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Cheese Exports

Exports from Azerbaijan

In 2021, shipments abroad of cheese decreased by -41.2% to X tons, falling for the second consecutive year after five years of growth. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 818%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, cheese exports shrank markedly to $X in 2021. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 756% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for cheese exports from Azerbaijan, with a 97% share of total exports. It was followed by Kazakhstan (X tons), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +97.8%.

In value terms, Russia ($X) remains the key foreign market for cheese exports from Azerbaijan, comprising 96% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 3.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +103.9%.

Export Prices by Country

In 2021, the average cheese export price amounted to $X per ton, surging by 11% against the previous year. Overall, the export price continues to indicate a moderate increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 116% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Russia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.1%).

Cheese Imports

Imports into Azerbaijan

In 2021, supplies from abroad of cheese increased by 3.3% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.8% against 2017 indices. The growth pace was the most rapid in 2013 when imports increased by 90% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, cheese imports rose modestly to $X in 2021. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 68% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Iran (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of cheese imports to Azerbaijan, with a combined 42% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +59.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese suppliers to Azerbaijan were Russia ($X), Germany ($X) and Lithuania ($X), together comprising 36% of total imports. Turkey, Belarus, Iran, Ukraine, Saudi Arabia and Denmark lagged somewhat behind, together accounting for a further 35%.

Among the main suppliers, Iran, with a CAGR of +53.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cheese import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price showed resilient growth. The pace of growth appeared the most rapid in 2016 an increase of 134% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :