Azerbaijan: Shelled Hazelnut Market 2024

Shelled Hazelnut Market Size in Azerbaijan

The Azerbaijani shelled hazelnut market rose modestly to $X in 2021, increasing by 3.7% against the previous year. Over the period under review, consumption saw a strong expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Shelled Hazelnut Production in Azerbaijan

In value terms, shelled hazelnut production contracted to $X in 2021 estimated in export price. In general, production saw a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 34% against the previous year. Shelled hazelnut production peaked at $X in 2020, and then reduced modestly in the following year.

Shelled Hazelnut Exports

Exports from Azerbaijan

In 2021, exports of shelled hazelnuts from Azerbaijan stood at X tons, growing by 2.6% against the previous year's figure. Over the period under review, exports recorded a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 40% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, shelled hazelnut exports contracted to $X in 2021. Overall, exports posted prominent growth. The growth pace was the most rapid in 2014 with an increase of 50% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Italy (X tons) and Germany (X tons) were the main destinations of shelled hazelnut exports from Azerbaijan, together accounting for 87% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +71.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shelled hazelnut exported from Azerbaijan were Russia ($X), Italy ($X) and Germany ($X), with a combined 91% share of total exports.

Italy, with a CAGR of +71.6%, recorded 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

In 2021, the average shelled hazelnut export price amounted to $X per ton, shrinking by -6.7% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, shelled hazelnut export price increased by +15.6% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 32%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Kazakhstan ($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 (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Shelled Hazelnut Imports

Imports into Azerbaijan

In 2021, supplies from abroad of shelled hazelnuts decreased by -4.4% to X kg, falling for the third year in a row after five years of growth. In general, imports showed a precipitous contraction. The most prominent rate of growth was recorded in 2018 with an increase of 268% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, shelled hazelnut imports skyrocketed to $X in 2021. Overall, imports showed a sharp setback. The pace of growth was the most pronounced in 2018 with an increase of 205% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Italy (X kg) was the main supplier of shelled hazelnut to Azerbaijan, with a 100% share of total imports. It was followed by Turkey (X kg), with a 0.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy was relatively modest.

In value terms, Italy ($X) constituted the largest supplier of shelled hazelnuts to Azerbaijan, comprising 99% of total imports. The second position in the ranking was taken by Turkey ($X), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy was relatively modest.

Import Prices by Country

In 2021, the average shelled hazelnut import price amounted to $X per ton, rising by 43% against the previous year. In general, the import price enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 191% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+17.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform