Azerbaijan: Hazelnut Market 2024

Hazelnut Market Size in Azerbaijan

The Azerbaijani hazelnut market rose modestly to $X in 2021, picking up by 2% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.1% against 2019 indices. Hazelnut consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Hazelnut Production in Azerbaijan

In value terms, hazelnut production shrank to $X in 2021 estimated in export price. In general, production showed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 241% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell slightly in the following year.

The average yield of hazelnuts in Azerbaijan rose significantly to X tons per ha in 2021, increasing by 5.7% compared with the year before. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by 18% against the previous year. Over the period under review, the average hazelnut yield reached the maximum level at X tons per ha in 2018; however, from 2019 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of hazelnuts production in Azerbaijan contracted slightly to X ha, approximately equating the previous year's figure. Overall, the total harvested area indicated a strong expansion from 2012 to 2021: its figure increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hazelnut harvested area increased by +84.9% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of 16%. The hazelnut harvested area peaked at X ha in 2020, and then dropped in the following year.

Hazelnut Exports

Exports from Azerbaijan

In 2021, exports of hazelnuts from Azerbaijan amounted to X tons, with an increase of 9.2% against 2020 figures. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2014 with an increase of 12,165% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, hazelnut exports expanded markedly to $X in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 20,411%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Uzbekistan (X tons) was the main destination for hazelnut exports from Azerbaijan, with a 68% share of total exports. Moreover, hazelnut exports to Uzbekistan exceeded the volume sent to the second major destination, Russia (X tons), twofold. Lithuania (X tons) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan amounted to +68.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+41.9% per year) and Lithuania (+19.7% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for hazelnut exports from Azerbaijan, comprising 65% of total exports. The second position in the ranking was held by Russia ($X), with a 31% share of total exports. It was followed by Lithuania, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Uzbekistan stood at +73.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+43.9% per year) and Lithuania (+30.4% per year).

Export Prices by Country

In 2021, the average hazelnut export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price showed a pronounced increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 67%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Iraq ($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 Georgia (+61.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hazelnut Imports

Imports into Azerbaijan

In 2021, hazelnut imports into Azerbaijan reduced modestly to X tons, with a decrease of -2.5% compared with the previous year. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 5,388%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, hazelnut imports shrank to $X in 2021. Over the period under review, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 10,996%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Georgia (X tons) constituted the largest hazelnut supplier to Azerbaijan, with a 68% share of total imports. Moreover, hazelnut imports from Georgia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Georgia stood at +11.1%.

In value terms, the largest hazelnut suppliers to Azerbaijan were Georgia ($X) and Turkey ($X).

Turkey, with a CAGR of +233.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2021, the average hazelnut import price amounted to $X per ton, with a decrease of -3.5% against the previous year. Overall, the import price recorded a noticeable reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 102%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for Georgia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Georgia (-6.3%).

Source: IndexBox Platform

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