Azerbaijan: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Azerbaijan

The Azerbaijani chocolate and confectionery market contracted modestly to $X in 2022, reducing by -3.8% against the previous year. In general, consumption recorded a mild shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Chocolate And Confectionery Production in Azerbaijan

In value terms, chocolate and confectionery production shrank slightly to $X in 2022 estimated in export price. In general, production saw a pronounced shrinkage. The growth pace was the most rapid in 2013 with an increase of 8.2% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from Azerbaijan

In 2022, chocolate and confectionery exports from Azerbaijan skyrocketed to X tons, growing by 79% on the year before. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, chocolate and confectionery exports skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X tons), Russia (X tons) and Saudi Arabia (X tons) were the main destinations of chocolate and confectionery exports from Azerbaijan, together accounting for 41% of total exports. The United Arab Emirates, Turkey, China, Uzbekistan, Kazakhstan, Belarus, Qatar, Iraq, Jordan and Oman lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +650.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate and confectionery exported from Azerbaijan were Georgia ($X), Russia ($X) and Saudi Arabia ($X), with a combined 43% share of total exports. The United Arab Emirates, Turkey, China, Uzbekistan, Kazakhstan, Qatar, Belarus, Iraq, Oman and Jordan lagged somewhat behind, together comprising a further 43%.

Among the main countries of destination, Qatar, with a CAGR of +586.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chocolate and confectionery export price stood at $X per ton in 2022, jumping by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Uzbekistan ($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 Oman (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Azerbaijan

In 2022, after five years of growth, there was decline in supplies from abroad of chocolate and confectionery, when their volume decreased by -4.4% to X tons. Overall, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.1% against 2016 indices. The growth pace was the most rapid in 2018 when imports increased by 21%. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank slightly in the following year.

In value terms, chocolate and confectionery imports rose notably to $X in 2022. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest chocolate and confectionery supplier to Azerbaijan, with a 58% share of total imports. Moreover, chocolate and confectionery imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was held by Ukraine (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+4.6% per year) and Ukraine (-12.2% per year).

In value terms, Russia ($X) constituted the largest supplier of chocolate and confectionery to Azerbaijan, comprising 51% of total imports. The second position in the ranking was held by Turkey ($X), with an 18% share of total imports. It was followed by Ukraine, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+16.1% per year) and Ukraine (-7.7% per year).

Import Prices by Country

The average chocolate and confectionery import price stood at $X per ton in 2022, growing by 15% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chocolate and confectionery import price increased by +99.6% against 2014 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 53%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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