Azerbaijan: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Azerbaijan

The Azerbaijani market for frozen, dried and smoked fish soared to $X in 2022, jumping by X% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Frozen, dried and smoked fish consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Frozen, Dried And Smoked Fish in Azerbaijan

In value terms, frozen, dried and smoked fish production stood at $X in 2022 estimated in export price. In general, production, however, saw a significant expansion. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Azerbaijan

In 2022, exports of frozen, dried and smoked fish from Azerbaijan rose significantly to X tons, picking up by X% compared with the previous year. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, frozen, dried and smoked fish exports totaled $X in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for frozen, dried and smoked fish exports from Azerbaijan, with a X% share of total exports. Moreover, frozen, dried and smoked fish exports to Russia exceeded the volume sent to the second major destination, Turkmenistan (X tons), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Russia stood at X%.

In value terms, Russia ($X) remains the key foreign market for frozen, dried and smoked fish exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Russia stood at X%.

Export Prices by Country

In 2022, the average export price for frozen, dried and smoked fish amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, posted a buoyant expansion. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Turkmenistan stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%).

Imports of Frozen, Dried And Smoked Fish

Imports into Azerbaijan

In 2022, the amount of frozen, dried and smoked fish imported into Azerbaijan expanded notably to X tons, growing by X% against 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, frozen, dried and smoked fish imports soared to $X in 2022. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. 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, Russia (X tons) constituted the largest frozen, dried and smoked fish supplier to Azerbaijan, accounting for a X% share of total imports. Moreover, frozen, dried and smoked fish imports from Russia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The third position in this ranking was taken by Iceland (X tons), with a X% share.

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

In value terms, the largest frozen, dried and smoked fish suppliers to Azerbaijan were Russia ($X), Chile ($X) and Vietnam ($X), with a combined X% share of total imports. Iceland, Greenland, Norway, China, Canada, Kazakhstan, New Zealand, the UK, the United States and Argentina lagged somewhat behind, together comprising a further X%.

Greenland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, rising by X% against the previous year. Overall, the import price enjoyed resilient growth. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Russia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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