Azerbaijan: Tallow Market 2025

Tallow Market Size in Azerbaijan

The Azerbaijani tallow market soared to $X in 2022, jumping by 67% against the previous year. Over the period under review, consumption recorded a significant expansion. Tallow consumption peaked in 2022 and is likely to see steady growth in the near future.

Tallow Production in Azerbaijan

In value terms, tallow production reduced markedly to $X in 2022 estimated in export price. In general, production recorded a significant expansion. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Tallow Exports

Exports from Azerbaijan

Tallow exports from Azerbaijan surged to X tons in 2022, growing by 112% on 2021. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,856% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, tallow exports skyrocketed to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 3,697% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X tons) was the main destination for tallow exports from Azerbaijan, with a 73% share of total exports. Moreover, tallow exports to Kazakhstan exceeded the volume sent to the second major destination, Afghanistan (X tons), threefold.

From 2018 to 2022, the average annual growth rate of volume to Kazakhstan totaled +498.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (+199.1% per year) and Tajikistan (0.0% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for tallow exports from Azerbaijan, comprising 75% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 23% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +806.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (+327.5% per year) and Tajikistan (0.0% per year).

Export Prices by Country

The average tallow export price stood at $X per ton in 2022, with an increase of 64% against the previous year. In general, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 94%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+51.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tallow Imports

Imports into Azerbaijan

In 2022, imports of tallow into Azerbaijan skyrocketed to X tons, jumping by 278% against the previous year's figure. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 3,003% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, tallow imports surged to $X in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 4,360%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Brazil (X tons), Iran (X tons) and Mongolia (X tons) were the main suppliers of tallow imports to Azerbaijan, together accounting for 81% of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +783.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tallow suppliers to Azerbaijan were Brazil ($X), Iran ($X) and Mongolia ($X), together accounting for 84% of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +1,019.9%, saw the highest growth rate of the value of imports, 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 tallow import price amounted to $X per ton, rising by 32% against the previous year. In general, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 81% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+58.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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