Azerbaijan: Cottonseed Market 2025

Cottonseed Market Size in Azerbaijan

The Azerbaijani cottonseed market expanded to $X in 2022, picking up by 2.7% against the previous year. Overall, consumption, however, showed a strong increase. Cottonseed consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cottonseed Production in Azerbaijan

In value terms, cottonseed production surged to $X in 2022 estimated in export price. In general, production recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 135% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

In 2022, the average cottonseed yield in Azerbaijan amounted to less than X kg per ha, almost unchanged from 2021. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cottonseed in Azerbaijan amounted to less than X ha, almost unchanged from 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Cottonseed Exports

Exports from Azerbaijan

In 2022, shipments abroad of cottonseed increased by 43% to X tons, rising for the third consecutive year after three years of decline. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,030%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, cottonseed exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,017%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Turkey (X tons) was the main destination for cottonseed exports from Azerbaijan, with a 78% share of total exports. Moreover, cottonseed exports to Turkey exceeded the volume sent to the second major destination, Tajikistan (X tons), sixfold. Iran (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at +665.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+300.7% per year) and Iran (-1.4% per year).

In value terms, Turkey ($X) remains the key foreign market for cottonseed exports from Azerbaijan, comprising 78% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 13% share of total exports. It was followed by Iran, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to Turkey stood at +795.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+266.4% per year) and Iran (-2.4% per year).

Export Prices by Country

The average cottonseed export price stood at $X per ton in 2022, picking up by 3.9% against the previous year. Over the period under review, the export price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 87%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Kazakhstan ($X per ton) and Iran ($X per ton), while the average price for exports to Tajikistan ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cottonseed Imports

Imports into Azerbaijan

In 2022, approx. X tons of cottonseed were imported into Azerbaijan; picking up by 31% against the previous year. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 398%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, cottonseed imports skyrocketed to $X in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 376% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Turkey (X tons) was the main cottonseed supplier to Azerbaijan, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +40.4%.

In value terms, Turkey ($X) constituted the largest supplier of cottonseed to Azerbaijan.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +37.8%.

Import Prices by Country

The average cottonseed import price stood at $X per ton in 2022, shrinking by -6.8% against the previous year. In general, the import price recorded a slight decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 79% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -1.8% per year.

Source: IndexBox Platform

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