Azerbaijan: Mixed Juices Market 2024

Mixed Juices Market Size in Azerbaijan

The Azerbaijani mixed juices market shrank to $X in 2022, which is down by -5.2% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Mixed Juices Production in Azerbaijan

In value terms, mixed juices production declined to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 28%. Mixed juices production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Mixed Juices Exports

Exports from Azerbaijan

After three years of growth, overseas shipments of mixtures of fruit and vegetable juices decreased by -67.8% to X tons in 2022. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 481%. The exports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, mixed juices exports shrank rapidly to $X in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 346%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Malaysia (X tons) and the United States (X tons) were the main destinations of mixed juices exports from Azerbaijan, with a combined 78% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +26.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixed juices exported from Azerbaijan were Russia ($X), Malaysia ($X) and Saudi Arabia ($X), together comprising 79% of total exports.

Malaysia, with a CAGR of +23.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mixed juices export price stood at $X per ton in 2022, surging by 9.4% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 an increase of 35% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United States ($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 Uzbekistan (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into Azerbaijan

In 2022, overseas purchases of mixtures of fruit and vegetable juices decreased by -4.9% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 71%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, mixed juices imports rose rapidly to $X in 2022. In general, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 76% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Israel (X tons) and France (X tons) were the main suppliers of mixed juices imports to Azerbaijan, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +57.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest mixed juices suppliers to Azerbaijan were Israel ($X), Russia ($X) and France ($X), together accounting for 92% of total imports.

Israel, with a CAGR of +53.7%, saw 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 mixed trend patterns.

Import Prices by Country

In 2022, the average mixed juices import price amounted to $X per ton, rising by 15% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average import price increased by 105% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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