Azerbaijan: Market for Powdered, Condensed Or Evaporated Milk 2025

Market Size for Powdered, Condensed Or Evaporated Milk in Azerbaijan

The Azerbaijani market for powdered, condensed or evaporated milk surged to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Azerbaijan

Powdered, condensed or evaporated milk exports from Azerbaijan contracted to X tons in 2022, which is down by X% against 2021. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk exports dropped rapidly to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

Georgia (X tons) was the main destination for powdered, condensed or evaporated milk exports from Azerbaijan, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia totaled X%.

In value terms, Georgia ($X) also remains the key foreign market for powdered, condensed or evaporated milk exports from Azerbaijan.

From 2012 to 2022, the average annual growth rate of value to Georgia totaled X%.

Export Prices by Country

In 2022, the average export price for powdered, condensed or evaporated milk amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then declined markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Sudan amounted to X% per year.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Azerbaijan

In 2022, after four years of decline, there was significant growth in supplies from abroad of powdered, condensed or evaporated milk, when their volume increased by X% to X tons. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk imports surged to $X in 2022. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Iran (X tons), Belarus (X tons) and Ukraine (X tons) were the main suppliers of powdered, condensed or evaporated milk imports to Azerbaijan, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belarus ($X), Iran ($X) and Ukraine ($X) appeared to be the largest powdered, condensed or evaporated milk suppliers to Azerbaijan, with a combined X% share of total imports.

Iran, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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