Azerbaijan: Spice Market 2025

Spice Market Size in Azerbaijan

The Azerbaijani spice market amounted to $X in 2022, increasing by X% against the previous year. Overall, consumption showed a prominent increase. Spice consumption peaked in 2022 and is likely to continue growth in years to come.

Spice Production in Azerbaijan

In value terms, spice production rose to $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value 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. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

In 2022, the average yield of spices in Azerbaijan stood at less than X kg per ha, stabilizing at 2021 figures. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the spice harvested area in Azerbaijan was estimated at less than X ha, therefore, remained relatively stable against 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Spice Exports

Exports from Azerbaijan

In 2022, after three years of growth, there was decline in shipments abroad of spices, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, spice exports shrank to $X in 2022. Overall, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Russia (X tons) was the main destination for spice exports from Azerbaijan, with a X% share of total exports. Moreover, spice exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), more than tenfold. The third position in this ranking was taken by Turkmenistan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Turkmenistan (X% per year).

In value terms, Russia ($X) remains the key foreign market for spices exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The average spice export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spice Imports

Imports into Azerbaijan

For the fourth year in a row, Azerbaijan recorded growth in purchases abroad of spices, which increased by X% to X tons in 2022. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, spice imports skyrocketed to $X in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Iran (X tons), India (X tons) and Vietnam (X tons) were the main suppliers of spice imports to Azerbaijan, together comprising X% of total imports. Turkey, Syrian Arab Republic, China, Brazil, Uzbekistan, Russia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spice suppliers to Azerbaijan were Vietnam ($X), Turkey ($X) and India ($X), with a combined X% share of total imports. Iran, China, Syrian Arab Republic, Brazil, Uzbekistan, the United Arab Emirates and Russia lagged somewhat behind, together accounting for a further X%.

Syrian Arab Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spice import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated strong growth 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. Based on 2022 figures, spice import price increased by X% against 2015 indices. 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 reached the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Uzbekistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :