Azerbaijan: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Azerbaijan

The Azerbaijani market for mixed condiments, sauses and seasonings expanded sharply to $X in 2022, picking up by 9.1% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Mixed Condiments, Sauses and Seasonings in Azerbaijan

In value terms, mixed condiment, sause and seasoning production totaled $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.3% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 50% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Azerbaijan

In 2022, exports of mixed condiments, sauses and seasonings from Azerbaijan reduced notably to X tons, waning by -24.1% against 2021 figures. In general, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 93%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mixed condiment, sause and seasoning exports dropped to $X in 2022. Over the period under review, exports, however, saw a measured increase. The pace of growth was the most pronounced in 2014 when exports increased by 231% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Georgia (X tons) was the main destination for mixed condiment, sause and seasoning exports from Azerbaijan, accounting for a 78% share of total exports. Moreover, mixed condiment, sause and seasoning exports to Georgia exceeded the volume sent to the second major destination, Russia (X tons), eightfold. Israel (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to Georgia stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-24.0% per year) and Israel (-0.3% per year).

In value terms, Georgia ($X) remains the key foreign market for mixed condiments, sauses and seasonings exports from Azerbaijan, comprising 70% of total exports. The second position in the ranking was taken by Russia ($X), with an 11% share of total exports. It was followed by Israel, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Georgia totaled +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-14.0% per year) and Israel (-2.0% per year).

Export Prices by Country

The average export price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, jumping by 17% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed condiment, sause and seasoning export price increased by +50.2% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of 72% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Israel ($X per ton), while the average price for exports to Georgia ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Azerbaijan

In 2022, imports of mixed condiments, sauses and seasonings into Azerbaijan rose to X tons, with an increase of 4.7% compared with the previous year. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by 51% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, mixed condiment, sause and seasoning imports soared to $X in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 135%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest mixed condiment, sause and seasoning supplier to Azerbaijan, with a 87% share of total imports. Moreover, mixed condiment, sause and seasoning imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.9% per year) and Germany (+5.7% per year).

In value terms, Russia ($X) constituted the largest supplier of mixed condiments, sauses and seasonings to Azerbaijan, comprising 80% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia stood at +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.3% per year) and Turkey (+18.3% per year).

Import Prices by Country

The average import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, with an increase of 24% against the previous year. In general, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 an increase of 56%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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