Report Update Nov 1, 2024

Azerbaijan - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Groundnuts Market 2024

Groundnuts Market Size in Azerbaijan

The Azerbaijani groundnuts market declined to $X in 2022, which is down by -9.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed significant growth. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Groundnuts Exports

Exports from Azerbaijan

In 2021, shipments abroad of ground-nut (in-shell) decreased by 0% to X kg, falling for the second year in a row after two years of decline. In general, exports continue to indicate a pronounced contraction. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the peak figure at X kg in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, groundnuts exports totaled $X in 2021. Overall, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

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

From 2017 to 2021, the average annual growth rate of volume to Georgia was relatively modest.

From 2017 to 2021, the average annual rate of growth in terms of value to Georgia was relatively modest.

Export Prices by Country

The average groundnuts export price stood at $X per ton in 2021, remaining stable against the previous year. In general, the export price saw a slight increase. The most prominent rate of growth was recorded in 2020 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, 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 Georgia.

From 2017 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Groundnuts Imports

Imports into Azerbaijan

In 2022, approx. X tons of ground-nut (in-shell) were imported into Azerbaijan; reducing by -10.4% against 2021. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2016 when imports increased by 1,696%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, groundnuts imports shrank to $X in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,855% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Uzbekistan (X tons) was the main supplier of groundnuts to Azerbaijan, with a 94% share of total imports. Moreover, groundnuts imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Uzbekistan totaled +110.1%.

In value terms, Uzbekistan ($X) constituted the largest supplier of ground-nut (in-shell) to Azerbaijan, comprising 93% of total imports. The second position in the ranking was taken by Turkey ($X), with a 7.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Uzbekistan totaled +136.7%.

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price posted noticeable growth. The pace of growth appeared the most rapid in 2017 an increase of 85%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Uzbekistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ground-nut (in-shell) in the world?

The countries with the highest volumes of groundnuts consumption in 2020 were China, India and Nigeria, with a combined 61% share of global consumption. Sudan, the United States, Senegal, Myanmar, Argentina, Guinea, Indonesia and Chad lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of ground-nut (in-shell) in the world?

The countries with the highest volumes of groundnuts production in 2020 were China, India and Nigeria, together accounting for 60% of global production. These countries were followed by the United States, Sudan, Senegal, Myanmar, Argentina, Guinea, Indonesia and Chad, which together accounted for a further 24%.

What are the leading suppliers of ground-nut (in-shell) to Azerbaijan?

In value terms, Uzbekistan constituted the largest supplier of groundnuts to Azerbaijan.

What is the average export price for ground-nut (in-shell) in Azerbaijan?

The average groundnuts export price stood at $3,476 per ton in 2017, therefore, remained relatively stable against the previous year.

What is the average import price for ground-nut (in-shell) in Azerbaijan?

The average groundnuts import price stood at $1,064 per ton in 2020, surging by 1.6% against the previous year.

This report provides an in-depth analysis of the groundnuts market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 242 - Groundnuts, in shell

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023