Report Update Nov 1, 2024

Azerbaijan - Chocolate and Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Chocolate Market 2024

Chocolate Exports

Exports from Azerbaijan

In 2022, the amount of chocolate and other food preparations containing cocoa exported from Azerbaijan fell slightly to X tons, shrinking by -2.3% on the previous year. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 13,021%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, chocolate exports reduced to $X in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 14,181% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Georgia (X tons) was the main destination for chocolate exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Georgia amounted to +35.7%.

In value terms, Georgia ($X) also remains the key foreign market for chocolate and other food preparations containing cocoa exports from Azerbaijan.

From 2012 to 2022, the average annual growth rate of value to Georgia stood at +34.8%.

Export Prices by Country

In 2022, the average chocolate export price amounted to $X per ton, shrinking by -4.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 22%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to -0.7% per year.

Chocolate Imports

Imports into Azerbaijan

In 2022, approx. X tons of chocolate and other food preparations containing cocoa were imported into Azerbaijan; reducing by -1.5% on the previous year's figure. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +31.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 59%. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, chocolate imports soared to $X in 2022. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Russia (X tons) constituted the largest chocolate supplier to Azerbaijan, with a 69% share of total imports. Moreover, chocolate imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.1% per year) and Belgium (+24.2% per year).

In value terms, Russia ($X) constituted the largest supplier of chocolate and other food preparations containing cocoa to Azerbaijan, comprising 63% of total imports. The second position in the ranking was held by Turkey ($X), with a 16% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-5.3% per year) and Belgium (+44.8% per year).

Import Prices by Country

In 2022, the average chocolate import price amounted to $X per ton, growing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chocolate and other food preparations containing cocoa in the world?

The country with the largest volume of chocolate consumption was China, comprising approx. 17% of total volume. Moreover, chocolate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of chocolate and other food preparations containing cocoa in the world?

China constituted the country with the largest volume of chocolate production, accounting for 17% of total volume. Moreover, chocolate production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 5.7% share.

What are the leading suppliers of chocolate and other food preparations containing cocoa to Azerbaijan?

In value terms, Russia constituted the largest supplier of chocolate to Azerbaijan, comprising 52% of total imports. The second position in the ranking was occupied by Turkey, with a 21% share of total imports. It was followed by Belgium, with a 13% share.

What are the leading importers of chocolate and other food preparations containing cocoa from Azerbaijan?

In value terms, Georgia remains the key foreign market for chocolate exports from Azerbaijan, comprising 85% of total exports. The second position in the ranking was occupied by China, with a 12% share of total exports.

What is the average export price for chocolate and other food preparations containing cocoa in Azerbaijan?

The average chocolate export price stood at $3,681 per ton in 2020, growing by 49% against the previous year.

What is the average import price for chocolate and other food preparations containing cocoa in Azerbaijan?

The average chocolate import price stood at $2,534 per ton in 2020, shrinking by -6.5% against the previous year.

This report provides an in-depth analysis of the chocolate market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023