Azerbaijan: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Azerbaijan

The Azerbaijani orange juice (single strength) market contracted remarkably to $X in 2022, which is down by -32.8% 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). Over the period under review, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Exports of Orange Juice (Single Strength)

Exports from Azerbaijan

In 2022, shipments abroad of orange juice (single strength) decreased by -19.8% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 30,425% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, orange juice (single strength) exports reduced markedly to $X in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 24,125% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined notably in the following year.

Exports by Country

Russia (X tons) was the main destination for orange juice (single strength) exports from Azerbaijan, with a 69% share of total exports. Moreover, orange juice (single strength) exports to Russia exceeded the volume sent to the second major destination, Poland (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+439.3% per year) and Malaysia (+0.4% per year).

In value terms, Russia ($X) emerged as the key foreign market for orange juice (single strength) exports from Azerbaijan, comprising 67% of total exports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-4.6% per year) and Poland (+367.7% per year).

Export Prices by Country

The average orange juice (single strength) export price stood at $X per ton in 2022, waning by -27.4% against the previous year. Overall, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 an increase of 52%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Poland ($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 Uzbekistan (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Orange Juice (Single Strength)

Imports into Azerbaijan

In 2022, the amount of orange juice (single strength) imported into Azerbaijan declined remarkably to X tons, with a decrease of -38.3% on the previous year. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. As a result, imports attained the peak of X tons, and then declined markedly in the following year.

In value terms, orange juice (single strength) imports fell rapidly to $X in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.1% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 41%. Over the period under review, imports reached the maximum at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Russia (X tons), Ukraine (X tons) and Turkey (X tons) were the main suppliers of orange juice (single strength) imports to Azerbaijan, with a combined 90% share of total imports. Germany, Austria, Brazil and Cyprus lagged somewhat behind, together comprising a further 9.2%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +24.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of orange juice (single strength) to Azerbaijan, comprising 58% of total imports. The second position in the ranking was held by Ukraine ($X), with a 29% share of total imports. It was followed by Germany, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-1.4% per year) and Germany (+13.5% per year).

Import Prices by Country

The average orange juice (single strength) import price stood at $X per ton in 2022, picking up by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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