Azerbaijan: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Azerbaijan

The Azerbaijani tomato ketchup market fell modestly to $X in 2022, with a decrease of -4.1% against the previous year. In general, consumption showed a deep contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Tomato Ketchup Production in Azerbaijan

In value terms, tomato ketchup production declined to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of 17%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Tomato Ketchup Exports

Exports from Azerbaijan

In 2022, shipments abroad of tomato ketchup and tomato sauces increased by 12% to X tons, rising for the third consecutive year after two years of decline. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 105,407% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato ketchup exports totaled $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 119,692% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Georgia (X tons) was the main destination for tomato ketchup exports from Azerbaijan, with a 88% share of total exports. Moreover, tomato ketchup exports to Georgia exceeded the volume sent to the second major destination, Belarus (X tons), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Georgia amounted to +148.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+3.6% per year) and Russia (-49.4% per year).

In value terms, Georgia ($X) remains the key foreign market for tomato ketchup and tomato sauces exports from Azerbaijan, comprising 90% of total exports. The second position in the ranking was held by Belarus ($X), with a 6.9% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Georgia totaled +148.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+4.8% per year) and Russia (-52.4% per year).

Export Prices by Country

In 2022, the average tomato ketchup export price amounted to $X per ton, declining by -6.7% against the previous year. Over the period under review, the export price saw a mild curtailment. The growth pace was the most rapid in 2019 an increase of 17%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Tomato Ketchup Imports

Imports into Azerbaijan

For the third year in a row, Azerbaijan recorded growth in supplies from abroad of tomato ketchup and tomato sauces, which increased by 3.9% to X tons in 2022. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 26% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tomato ketchup imports skyrocketed to $X in 2022. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by 59% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Russia (X tons), Turkey (X tons) and Kazakhstan (X tons) were the main suppliers of tomato ketchup imports to Azerbaijan, with a combined 86% share of total imports. Germany, Ukraine, Bulgaria and the United Arab Emirates lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +65.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of tomato ketchup and tomato sauces to Azerbaijan, comprising 54% of total imports. The second position in the ranking was held by Turkey ($X), with a 25% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+15.6% per year) and Germany (+55.7% per year).

Import Prices by Country

In 2022, the average tomato ketchup import price amounted to $X per ton, surging by 27% against the previous year. Over the period under review, the import price enjoyed strong growth. The growth pace was the most rapid in 2016 an increase of 32% against the previous year. Over the period under review, average import prices attained the maximum in 2022 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 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :