Azerbaijan: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Azerbaijan

In 2021, the Azerbaijani prepared dish and meal market increased by 41% to $X, rising for the seventh year in a row after two years of decline. Over the period under review, consumption saw a significant expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Exports of Prepared Dishes And Meals

Exports from Azerbaijan

In 2021, overseas shipments of prepared dishes and meals decreased by -13.9% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2015 when exports increased by 93% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, prepared dish and meal exports rose slightly to $X in 2021. In general, exports faced a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of 71%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for prepared dish and meal exports from Azerbaijan, with a 55% share of total exports. Moreover, prepared dish and meal exports to the United Arab Emirates exceeded the volume sent to the second major destination, Turkmenistan (X tons), twofold. The third position in this ranking was held by Georgia (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (-20.1% per year) and Georgia (-16.1% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for prepared dishes and meals exports from Azerbaijan, comprising 44% of total exports. The second position in the ranking was held by Turkey ($X), with a 19% share of total exports. It was followed by Turkmenistan, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+45.2% per year) and Turkmenistan (-10.1% per year).

Export Prices by Country

The average prepared dish and meal export price stood at $X per ton in 2021, jumping by 21% against the previous year. In general, the export price enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 47%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Azerbaijan

In 2021, purchases abroad of prepared dishes and meals increased by 16% to X tons, rising for the seventh consecutive year after two years of decline. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 40%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, prepared dish and meal imports soared to $X in 2021. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 53%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Russia (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of prepared dish and meal imports to Azerbaijan, together accounting for 68% of total imports. These countries were followed by Iran, Germany, Denmark, France, the Netherlands, the United Arab Emirates, Bulgaria and Ukraine, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +42.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dish and meal suppliers to Azerbaijan were Turkey ($X), Russia ($X) and Italy ($X), with a combined 61% share of total imports. France, Germany, the United Arab Emirates, the Netherlands, Bulgaria, Ukraine, Denmark and Iran lagged somewhat behind, together accounting for a further 16%.

Denmark, with a CAGR of +50.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared dish and meal import price stood at $X per ton in 2021, jumping by 26% against the previous year. Overall, the import price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 an increase of 40%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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