Report Update Jan 1, 2025

Azerbaijan - Maize - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Maize Market 2025

Maize Market Size in Azerbaijan

In 2022, the Azerbaijani maize market increased by 17% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Maize Production in Azerbaijan

In value terms, maize production dropped sharply to $X in 2022 estimated in export price. In general, production recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 929% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

The average yield of maize in Azerbaijan expanded to X tons per ha in 2022, with an increase of 3.7% compared with 2021. Overall, the yield indicated a buoyant increase from 2012 to 2022: its figure increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize yield decreased by -3.3% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 18%. The maize yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of maize were harvested in Azerbaijan; with an increase of 2.5% compared with 2021 figures. In general, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the harvested area increased by 8.3% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the maize harvested area failed to regain momentum.

Maize Exports

Exports from Azerbaijan

In 2022, shipments abroad of maize decreased by -40.9% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a significant expansion. The exports peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, maize exports shrank markedly to $X in 2022. In general, exports, however, enjoyed significant growth. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

Iran (X tons) was the main destination for maize exports from Azerbaijan, with a approx. 100% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Iran amounted to +165.1%.

In value terms, Iran ($X) emerged as the key foreign market for maize exports from Azerbaijan.

From 2014 to 2022, the average annual rate of growth in terms of value to Iran amounted to +135.1%.

Export Prices by Country

In 2022, the average maize export price amounted to $X per ton, reducing by -15.4% against the previous year. Over the period under review, the export price showed a abrupt decline. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, 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 Iran.

From 2014 to 2022, the rate of growth in terms of prices for Iran amounted to -11.3% per year.

Maize Imports

Imports into Azerbaijan

After two years of decline, purchases abroad of maize increased by 181% to X tons in 2022. Over the period under review, imports, however, saw a slight reduction. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, maize imports surged to $X in 2022. In general, imports saw a modest increase. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) was the main maize supplier to Azerbaijan, with a approx. 98% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to -1.4%.

In value terms, Russia ($X) constituted the largest supplier of maize to Azerbaijan.

From 2012 to 2022, the average annual growth rate of value from Russia was relatively modest.

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, waning by -27.2% against the previous year. Overall, the import price, however, posted moderate growth. The growth pace was the most rapid in 2020 when the average import price increased by 33% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then reduced notably in the following year.

As there is only one major supplying country, 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 +1.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize in the world?

The countries with the highest volumes of maize consumption in 2021 were China, the United States and Brazil, together accounting for 55% of global consumption. Mexico, Argentina, India, Indonesia and Vietnam lagged somewhat behind, together comprising a further 12%.

What are the largest producers of maize in the world?

The countries with the highest volumes of maize production in 2021 were the United States, China and Brazil, with a combined 62% share of global production. These countries were followed by Argentina, Ukraine, India, Mexico and Indonesia, which together accounted for a further 15%.

What are the leading suppliers of maize to Azerbaijan?

In value terms, Russia constituted the largest supplier of maize to Azerbaijan.

What are the leading importers of maize from Azerbaijan?

In value terms, Iraq, Iran and Turkey appeared to be the largest markets for maize exported from Azerbaijan worldwide, with a combined 100% share of total exports.

What is the average export price for maize in Azerbaijan?

The average maize export price stood at $267 per ton in 2021, increasing by 18% against the previous year.

What is the average import price for maize in Azerbaijan?

In 2021, the average maize import price amounted to $141 per ton, dropping by -5.2% 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 56 - 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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024