Azerbaijan: Potato Market 2024

Potato Market Size in Azerbaijan

The Azerbaijani potato market totaled $X in 2021, surging by 1.9% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Potato Production in Azerbaijan

In value terms, potato production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 34% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

The average yield of potatoes in Azerbaijan shrank slightly to X tons per ha in 2021, falling by -1.6% on 2020. The yield figure increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 16% against the previous year. Over the period under review, the average potato yield reached the peak level at X tons per ha in 2020, and then declined modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The potato harvested area in Azerbaijan dropped slightly to X ha in 2021, remaining relatively unchanged against the previous year. Over the period under review, the harvested area showed a slight decline. The growth pace was the most rapid in 2016 when the harvested area increased by 3% against the previous year. Over the period under review, the harvested area dedicated to potato production attained the maximum at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Potato Exports

Exports from Azerbaijan

In 2021, the amount of potatoes exported from Azerbaijan rose sharply to X tons, increasing by 13% compared with the year before. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 51% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, potato exports soared to $X in 2021. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 64%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for potato exports from Azerbaijan, accounting for a 92% share of total exports. Moreover, potato exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+63.0% per year) and Belarus (+61.3% per year).

In value terms, Russia ($X) remains the key foreign market for potato exports from Azerbaijan, comprising 96% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+59.9% per year) and Belarus (+59.4% per year).

Export Prices by Country

In 2021, the average potato export price amounted to $X per ton, growing by 4.5% against the previous year. In general, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average export price increased by 62%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.0%), while the prices for the other major destinations experienced a decline.

Potato Imports

Imports into Azerbaijan

In 2021, approx. X tons of potatoes were imported into Azerbaijan; with an increase of 18% against 2020. Overall, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 213% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, potato imports reached $X in 2021. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 202% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Iran (X tons) constituted the largest supplier of potato to Azerbaijan, accounting for a 77% share of total imports. Moreover, potato imports from Iran exceeded the figures recorded by the second-largest supplier, Russia (X tons), sixfold. Georgia (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from Iran amounted to +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-1.1% per year) and Georgia (+12.5% per year).

In value terms, Iran ($X) constituted the largest supplier of potato to Azerbaijan, comprising 72% of total imports. The second position in the ranking was taken by Russia ($X), with a 16% share of total imports. It was followed by Georgia, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from Iran stood at +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+29.2% per year) and Georgia (+22.3% per year).

Import Prices by Country

In 2021, the average potato import price amounted to $X per ton, which is down by -4.3% against the previous year. Overall, the import price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of 70%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then reduced modestly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Russia ($X per ton) and Ukraine ($X per ton), while the price for Iran ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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