Azerbaijan: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Azerbaijan

The Azerbaijani food manufacture machinery market soared to $X in 2021, jumping by 87% 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, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Food Manufacture Machinery Exports

Exports from Azerbaijan

In 2021, shipments abroad of machinery for the preparation or manufacture of food or drink decreased by 0% to X units, falling for the third consecutive year after three years of growth. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 63% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, food manufacture machinery exports soared to $X in 2021. In general, exports faced a dramatic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 6,336% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X units) was the main destination for food manufacture machinery exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania was relatively modest.

In value terms, Georgia ($X) emerged as the key foreign market for machinery for the preparation or manufacture of food or drink exports from Azerbaijan, comprising 76% of total exports. The second position in the ranking was taken by Turkey ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Georgia stood at -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-45.1% per year) and Romania (0.0% per year).

Export Prices by Country

In 2021, the average food manufacture machinery export price amounted to $X per unit, falling by -63.4% against the previous year. Over the period under review, the export price recorded a precipitous contraction. The growth pace was the most rapid in 2018 when the average export price increased by 18%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Georgia ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+15.3%).

Food Manufacture Machinery Imports

Imports into Azerbaijan

In 2021, food manufacture machinery imports into Azerbaijan soared to X units, jumping by 149% compared with 2020. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 334% against the previous year. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, food manufacture machinery imports surged to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2013 when imports increased by 169% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X units), Italy (X units) and Spain (X units) were the main suppliers of food manufacture machinery imports to Azerbaijan, with a combined 22% share of total imports. These countries were followed by Germany, Denmark, Bulgaria, the Netherlands, the United Arab Emirates and Russia, which together accounted for a further 9.8%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +20.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of machinery for the preparation or manufacture of food or drink to Azerbaijan, comprising 19% of total imports. The second position in the ranking was taken by Turkey ($X), with a 7.2% share of total imports. It was followed by Bulgaria, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-17.9% per year) and Bulgaria (+9.0% per year).

Import Prices by Country

In 2021, the average food manufacture machinery import price amounted to $X per unit, shrinking by -52.2% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2017 when the average import price increased by 71%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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