Azerbaijan: Dry Bean Market 2024

Dry Bean Market Size in Azerbaijan

The Azerbaijani dry bean market declined modestly to $X in 2022, shrinking by -3.6% against the previous year. Overall, consumption, however, recorded a perceptible descent. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Dry Bean Production in Azerbaijan

In value terms, dry bean production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 62% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

In 2022, the average dry bean yield in Azerbaijan fell slightly to X tons per ha, waning by -3.2% on 2021 figures. Overall, the yield recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 8.4%. Over the period under review, the average dry bean yield hit record highs at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the dry bean harvested area in Azerbaijan stood at X ha, approximately equating 2021. Over the period under review, the harvested area, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2016 with an increase of 3.9%. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the dry bean harvested area remained at a lower figure.

Dry Bean Exports

Exports from Azerbaijan

Dry bean exports from Azerbaijan stood at X tons in 2022, remaining stable against 2021 figures. In general, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 606% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, dry bean exports contracted slightly to $X in 2022. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 535% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for dry bean exports from Azerbaijan, accounting for a approx. 50% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +24.8%.

In value terms, Germany ($X) emerged as the key foreign market for beans (dry) exports from Azerbaijan.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +21.3%.

Export Prices by Country

In 2022, the average dry bean export price amounted to $X per ton, leveling off at the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +10.9% per year.

Dry Bean Imports

Imports into Azerbaijan

In 2022, purchases abroad of beans (dry) increased by 14% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, dry bean imports soared to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 114%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Uzbekistan (X tons) constituted the largest dry bean supplier to Azerbaijan, with a 86% share of total imports. Moreover, dry bean imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold. Kyrgyzstan (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Uzbekistan totaled +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+45.3% per year) and Kyrgyzstan (+28.4% per year).

In value terms, Uzbekistan ($X) constituted the largest supplier of beans (dry) to Azerbaijan, comprising 84% of total imports. The second position in the ranking was held by Brazil ($X), with a 6.5% share of total imports. It was followed by Kyrgyzstan, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Uzbekistan amounted to +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+61.9% per year) and Kyrgyzstan (+40.7% per year).

Import Prices by Country

In 2022, the average dry bean import price amounted to $X per ton, growing by 4.9% against the previous year. Overall, the import price recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 100% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Kyrgyzstan ($X per ton) and Turkey ($X per ton), while the price for Brazil ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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