Azerbaijan: Baby Food Market 2024

Baby Food Market Size in Azerbaijan

After three years of growth, the Azerbaijani baby food market decreased by -3% to $X in 2021. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Baby Food Production in Azerbaijan

In value terms, baby food production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 50% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Baby Food Exports

Exports from Azerbaijan

In 2021, overseas shipments of food preparations for infants decreased by -20% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a dramatic downturn. The growth pace was the most rapid in 2017 when exports increased by 775% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, baby food exports shrank sharply to $X in 2021. Over the period under review, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 788% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Georgia totaled +44.7%.

In value terms, Georgia ($X) also remains the key foreign market for food preparations for infants exports from Azerbaijan.

From 2012 to 2021, the average annual rate of growth in terms of value to Georgia stood at +56.4%.

Export Prices by Country

The average baby food export price stood at $X per ton in 2021, increasing by 2.1% against the previous year. Over the period under review, the export price saw a resilient increase. The growth pace was the most rapid in 2016 an increase of 66% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Georgia amounted to +8.1% per year.

Baby Food Imports

Imports into Azerbaijan

In 2021, after three years of growth, there was significant decline in purchases abroad of food preparations for infants, when their volume decreased by -11.2% to X tons. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 45%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, baby food imports dropped to $X in 2021. Over the period under review, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2015 with an increase of 63%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest baby food supplier to Azerbaijan, accounting for a 36% share of total imports. Moreover, baby food imports from Russia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.4% per year) and the United Arab Emirates (+96.4% per year).

In value terms, Russia ($X) constituted the largest supplier of food preparations for infants to Azerbaijan, comprising 28% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports. It was followed by Poland, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-9.7% per year) and Poland (+13.3% per year).

Import Prices by Country

The average baby food import price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 an increase of 13% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :