Azerbaijan: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Azerbaijan

The Azerbaijani frozen vegetable market skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption saw a buoyant increase. Frozen vegetable consumption peaked in 2022 and is expected to retain growth in the near future.

Frozen Vegetable Production in Azerbaijan

In value terms, frozen vegetable production declined modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a temperate increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Frozen Vegetable Exports

Exports from Azerbaijan

In 2022, overseas shipments of frozen vegetables were finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen vegetable exports soared to $X in 2022. Overall, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for frozen vegetable exports from Azerbaijan, accounting for a X% share of total exports. Moreover, frozen vegetable exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Qatar (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for frozen vegetables exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average frozen vegetable export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Russia ($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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Vegetable Imports

Imports into Azerbaijan

In 2022, frozen vegetable imports into Azerbaijan soared to X tons, picking up by X% on the year before. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, frozen vegetable imports skyrocketed to $X in 2022. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest frozen vegetable supplier to Azerbaijan, accounting for a X% share of total imports. Moreover, frozen vegetable imports from Poland exceeded the figures recorded by the second-largest supplier, Iran (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and Turkey (X% per year).

In value terms, Poland ($X) constituted the largest supplier of frozen vegetables to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Iran, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the average frozen vegetable import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked in 2022 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 Turkey ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :