Report Update Nov 1, 2024

Azerbaijan - Maize (Green) - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Maize Market 2024

Maize Market Size in Azerbaijan

The Azerbaijani maize market fell notably to $X in 2022, dropping by -92.6% against the previous year. In general, consumption continues to indicate a drastic downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Maize Production in Azerbaijan

In value terms, maize production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a prominent increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 83%. Maize production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of maize (green) in Azerbaijan totaled less than X kg per ha in 2022, stabilizing at the previous year. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The maize harvested area in Azerbaijan totaled less than X ha in 2022, approximately mirroring the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Maize Exports

Exports from Azerbaijan

In 2022, exports of maize (green) from Azerbaijan rose significantly to X tons, with an increase of 8.6% on the previous year's figure. In general, exports enjoyed temperate growth. The most prominent rate of growth was recorded in 2016 with an increase of 87% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, maize exports rose remarkably to $X in 2022. Overall, exports posted pronounced growth. The most prominent rate of growth was recorded in 2016 when exports increased by 87% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for maize exports from Azerbaijan, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +4.3%.

In value terms, Russia ($X) also remains the key foreign market for maize (green) exports from Azerbaijan.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +3.1%.

Export Prices by Country

In 2022, the average maize export price amounted to $X per ton, shrinking by -3.1% against the previous year. In general, the export price showed a slight decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 2.7% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -1.1% per year.

Maize Imports

Imports into Azerbaijan

After three years of growth, supplies from abroad of maize (green) decreased by -39.5% to X tons in 2022. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of 1,999% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, maize imports reduced to $X in 2022. Overall, imports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2016 with an increase of 1,151%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iran (X tons) constituted the largest supplier of maize to Azerbaijan, with a 79% share of total imports. Moreover, maize imports from Iran exceeded the figures recorded by the second-largest supplier, Luxembourg (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Iran totaled -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+40.3% per year) and Turkey (+4.6% per year).

In value terms, the largest maize suppliers to Azerbaijan were Luxembourg ($X), Iran ($X) and Turkey ($X), with a combined 96% share of total imports.

Luxembourg, with a CAGR of +36.6%, saw the highest rates of growth with regard to 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

In 2022, the average maize import price amounted to $X per ton, picking up by 46% against the previous year. In general, the import price showed a buoyant increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 1,724% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+16.2%), 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 maize (green) in the world?

The country with the largest volume of maize consumption was the United States, accounting for 26% of total volume. Moreover, maize consumption in the United States exceeded the figures recorded by the second-largest consumer, Croatia, fourfold. The third position in this ranking was occupied by Nigeria, with a 5.9% share.

What are the largest producers of maize (green) in the world?

The country with the largest volume of maize production was the United States, comprising approx. 26% of total volume. Moreover, maize production in the United States exceeded the figures recorded by the second-largest producer, Mexico, threefold. The third position in this ranking was occupied by Croatia, with a 7.2% share.

What are the leading suppliers of maize (green) to Azerbaijan?

In value terms, Iran, Luxembourg and Georgia constituted the largest maize suppliers to Azerbaijan, together comprising 86% of total imports.

What are the leading importers of maize (green) from Azerbaijan?

In value terms, Russia remains the key foreign market for maize exports from Azerbaijan.

What is the average export price for maize (green) in Azerbaijan?

The average maize export price stood at $896 per ton in 2021, remaining constant against the previous year.

What is the average import price for maize (green) in Azerbaijan?

The average maize import price stood at $1,145 per ton in 2021, growing by 5.4% against the previous year.

This report provides an in-depth analysis of the maize 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 446 - Green Corn (Maize)

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