Azerbaijan: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Azerbaijan

The Azerbaijani mineral or aerated water market contracted slightly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption saw a relatively flat trend pattern. Mineral or aerated water consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Mineral or Aerated Waters in Azerbaijan

In value terms, mineral or aerated water production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 49% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Mineral or Aerated Waters

Exports from Azerbaijan

Mineral or aerated water exports from Azerbaijan declined sharply to X tons in 2022, falling by -15.2% on the year before. Overall, exports recorded a slight decrease. The pace of growth was the most pronounced in 2017 when exports increased by 60%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mineral or aerated water exports declined to $X in 2022. Over the period under review, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when exports increased by 73% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for mineral or aerated water exports from Azerbaijan, with a 55% share of total exports. Moreover, mineral or aerated water exports to Russia exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+17.1% per year) and the United Arab Emirates (+11.4% per year).

In value terms, Russia ($X) remains the key foreign market for mineral or aerated waters exports from Azerbaijan, comprising 59% of total exports. The second position in the ranking was held by Turkey ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+12.4% per year) and the United Arab Emirates (+17.3% per year).

Export Prices by Country

The average mineral or aerated water export price stood at $X per ton in 2022, picking up by 5.6% against the previous year. Over the period under review, the export price, however, recorded a slight curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 20%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mineral or Aerated Waters

Imports into Azerbaijan

In 2022, after four years of growth, there was significant decline in overseas purchases of mineral or aerated waters, when their volume decreased by -17% to X tons. Over the period under review, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 39%. Over the period under review, imports hit record highs at X tons in 2021, and then fell significantly in the following year.

In value terms, mineral or aerated water imports rose to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 25%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Georgia (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of mineral or aerated water imports to Azerbaijan, together accounting for 96% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +3.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Georgia ($X) and Turkey ($X) appeared to be the largest mineral or aerated water suppliers to Azerbaijan, with a combined 92% share of total imports. Italy and France lagged somewhat behind, together accounting for a further 6.7%.

Italy, with a CAGR of +8.6%, recorded the highest growth rate of the value of imports, among 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 mineral or aerated water import price amounted to $X per ton, increasing by 24% against the previous year. In general, the import price, however, continues to indicate a perceptible decline. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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