Azerbaijan: Confectionery Market 2024

Confectionery Market Size in Azerbaijan

The Azerbaijani confectionery market reduced modestly to $X in 2022, stabilizing at the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Confectionery Production in Azerbaijan

In value terms, confectionery production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced descent. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Confectionery Exports

Exports from Azerbaijan

In 2022, exports of confectionery from Azerbaijan soared to X tons, with an increase of X% compared with the previous year. Overall, exports saw perceptible growth. Over the period under review, the exports attained the maximum at X tons in 2013; afterwards, it flattened through to 2022.

In value terms, confectionery exports surged to $X in 2022. Over the period under review, exports recorded a mild increase. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Georgia (X tons), Russia (X tons) and Turkey (X tons) were the main destinations of confectionery exports from Azerbaijan, with a combined X% share of total exports. Saudi Arabia, the United Arab Emirates, Uzbekistan, China, Kazakhstan, Belarus, Qatar, Iraq, Jordan and Moldova lagged somewhat behind, together comprising a further X%.

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 X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2022, the average confectionery export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, continues to indicate a mild decrease. The export price peaked 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 foreign 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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery Imports

Imports into Azerbaijan

In 2022, after four years of growth, there was decline in supplies from abroad of confectionery, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, confectionery imports reached $X in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of confectionery to Azerbaijan, with a X% share of total imports. Moreover, 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 Iran (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Iran (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the average confectionery import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, confectionery import price increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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