Azerbaijan: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Azerbaijan

The Azerbaijani preserved cows meat market expanded modestly to $X in 2021, surging by 4% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Preserved Cows Meat Production in Azerbaijan

In value terms, preserved cows meat production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced descent. The pace of growth was the most pronounced in 2014 when the production volume increased by 19%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Preserved Cows Meat Exports

Exports from Azerbaijan

Preserved cows meat exports from Azerbaijan shrank rapidly to X tons in 2021, waning by -16.8% on 2020. Over the period under review, exports showed a significant contraction. The pace of growth was the most pronounced in 2020 with an increase of 1.9%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved cows meat exports contracted modestly to $X in 2021. In general, exports showed a sharp descent. The pace of growth appeared the most rapid in 2020 when exports increased by 9.4%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Georgia (X tons) was the main destination for preserved cows meat exports from Azerbaijan, accounting for a 83% share of total exports. Moreover, preserved cows meat exports to Georgia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia totaled -6.7%.

In value terms, Georgia ($X) remains the key foreign market for prepared or preserved meat or offal of bovine animals exports from Azerbaijan, comprising 81% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Georgia stood at -7.9%.

Export Prices by Country

In 2021, the average preserved cows meat export price amounted to $X per ton, surging by 17% against the previous year. Overall, the export price, however, saw a abrupt descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Georgia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.6%), while the prices for the other major destinations experienced a decline.

Preserved Cows Meat Imports

Imports into Azerbaijan

In 2021, the amount of prepared or preserved meat or offal of bovine animals imported into Azerbaijan fell to X tons, which is down by -13.4% against the previous year. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 60%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, preserved cows meat imports expanded markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 63% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of preserved cows meat to Azerbaijan, with a 85% share of total imports. Moreover, preserved cows meat imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), sevenfold. Belarus (X tons) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+45.0% per year) and Belarus (-2.9% per year).

In value terms, Russia ($X) constituted the largest supplier of prepared or preserved meat or offal of bovine animals to Azerbaijan, comprising 85% of total imports. The second position in the ranking was held by Ukraine ($X), with a 10% share of total imports. It was followed by Belarus, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+48.4% per year) and Belarus (+8.8% per year).

Import Prices by Country

The average preserved cows meat import price stood at $X per ton in 2021, surging by 28% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2013 an increase of 33% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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