Azerbaijan: Dried Prune Market 2025

Dried Prune Market Size in Azerbaijan

In 2022, after four years of growth, there was significant decline in the Azerbaijani dried prune market, when its value decreased by -5.6% to $X. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +59.0% against 2017 indices. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Dried Prune Production in Azerbaijan

In value terms, dried prune production fell to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value 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, production increased by +60.1% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of 38%. Dried prune production peaked at $X in 2021, and then shrank in the following year.

Dried Prune Exports

Exports from Azerbaijan

After five years of growth, shipments abroad of dried prunes decreased by -1.8% to X tons in 2022. In general, exports, however, enjoyed a measured expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 3,727%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell modestly in the following year.

In value terms, dried prune exports contracted to $X in 2022. Overall, exports, however, posted a notable expansion. The pace of growth was the most pronounced in 2017 with an increase of 2,046% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Russia (X tons) was the main destination for dried prune exports from Azerbaijan, accounting for a 86% share of total exports. Moreover, dried prune exports to Russia exceeded the volume sent to the second major destination, the United States (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.5% per year) and Israel (-9.1% per year).

In value terms, Russia ($X) remains the key foreign market for dried prunes exports from Azerbaijan, comprising 71% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.9% per year) and Israel (+11.1% per year).

Export Prices by Country

In 2022, the average dried prune export price amounted to $X per ton, reducing by -12.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 60%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Russia ($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 Israel (+22.2%), while the prices for the other major destinations experienced mixed trend patterns.

Dried Prune Imports

Imports into Azerbaijan

In 2022, after two years of growth, there was decline in overseas purchases of dried prunes, when their volume decreased by -1.5% to X tons. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 201%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, dried prune imports rose markedly to $X in 2022. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 203% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Iran (X tons), Moldova (X tons) and Uzbekistan (X tons) were the main suppliers of dried prune imports to Azerbaijan, with a combined 86% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uzbekistan (with a CAGR of +87.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X), Iran ($X) and Uzbekistan ($X) constituted the largest dried prune suppliers to Azerbaijan, together accounting for 83% of total imports.

Among the main suppliers, Uzbekistan, with a CAGR of +130.3%, recorded the highest growth rate of 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

The average dried prune import price stood at $X per ton in 2022, increasing by 15% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 42%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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