Report Update Nov 1, 2024

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

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Azerbaijan: Olive Market 2024

Olive Market Size in Azerbaijan

The Azerbaijani olive market fell to $X in 2022, reducing by -7.1% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Olive consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Olive Production in Azerbaijan

In value terms, olive production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 54% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

The average yield of olives in Azerbaijan fell markedly to X kg per ha in 2022, with a decrease of -16% compared with the previous year's figure. In general, the yield continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 49%. The olive yield peaked at X kg per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of olives in Azerbaijan dropped to X ha, which is down by -2.3% on 2021. Overall, the harvested area, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when the harvested area increased by 73% against the previous year. Over the period under review, the harvested area dedicated to olive production reached the maximum at X ha in 2021, and then declined slightly in the following year.

Olive Imports

Imports into Azerbaijan

In 2022, the amount of olives imported into Azerbaijan surged to X tons, rising by 237% against the previous year. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,537%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, olive imports surged to $X in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 724%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) was the main supplier of olive to Azerbaijan, with a approx. 100% share of total imports.

From 2015 to 2022, the average annual growth rate of volume from Turkey totaled +78.9%.

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

From 2015 to 2022, the average annual rate of growth in terms of value from Turkey totaled +62.8%.

Import Prices by Country

The average olive import price stood at $X per ton in 2022, falling by -16.6% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 an increase of 16%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2015 to 2022, the rate of growth in terms of prices for Turkey amounted to -9.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for olives in the world?

Spain constituted the country with the largest volume of olive consumption, accounting for 31% of total volume. Moreover, olive consumption in Spain exceeded the figures recorded by the second-largest consumer, Greece, threefold. The third position in this ranking was occupied by Italy, with a 9.8% share.

What are the largest producers of olives in the world?

Spain constituted the country with the largest volume of olive production, comprising approx. 31% of total volume. Moreover, olive production in Spain exceeded the figures recorded by the second-largest producer, Greece, threefold. Italy ranked third in terms of total production with a 9.7% share.

What are the leading suppliers of olives to Azerbaijan?

In value terms, Turkey constituted the largest supplier of olive to Azerbaijan.

What is the average export price for olives in Azerbaijan?

In 2021, the average olive export price amounted to $857 per ton, flattening at the previous year.

What is the average import price for olives in Azerbaijan?

The average olive import price stood at $2,965 per ton in 2021, waning by -8.1% against the previous year.

This report provides an in-depth analysis of the olive 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 260 - Olives

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023