Azerbaijan: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Azerbaijan

The Azerbaijani market for candies, sweets, and nonchocolate confectionery surged to $X in 2022, jumping by 17% against the previous year. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.1% against 2015 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the near future.

Production of Candies, Sweets, and Nonchocolate Confectionery in Azerbaijan

In value terms, candy, sweets, and nonchocolate confectionery production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Azerbaijan

In 2022, overseas shipments of candies, sweets, and nonchocolate confectionery increased by 127% to X tons, rising for the second consecutive year after three years of decline. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 191%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, candy, sweets, and nonchocolate confectionery exports soared to $X in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2017 with an increase of 192%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Georgia (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Azerbaijan, with a 48% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Georgia exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. Russia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia totaled +56.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+9,339.1% per year) and Russia (+26.1% per year).

In value terms, Georgia ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Azerbaijan, comprising 40% of total exports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total exports. It was followed by Russia, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia totaled +50.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+11,018.3% per year) and Russia (+19.9% per year).

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, jumping by 19% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, candy, sweets, and nonchocolate confectionery export price increased by +61.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 24%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Uzbekistan ($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 Saudi Arabia (+51.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Azerbaijan

In 2022, supplies from abroad of candies, sweets, and nonchocolate confectionery increased by 4.8% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 14%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery imports skyrocketed to $X in 2022. In general, total imports 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, imports increased by +43.7% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 40% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Russia (X tons), Iran (X tons) and Ukraine (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Azerbaijan, together accounting for 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +50.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Azerbaijan, comprising 43% of total imports. The second position in the ranking was held by Turkey ($X), with a 22% share of total imports. It was followed by Ukraine, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+22.4% per year) and Ukraine (-5.5% per year).

Import Prices by Country

In 2022, the average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, rising by 20% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, candy, sweets, and nonchocolate confectionery import price increased by +34.8% against 2020 indices. The growth pace was the most rapid in 2016 when the average import price increased by 57%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :