Azerbaijan: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in Azerbaijan

In 2021, the Azerbaijani market for uncooked pasta (not containing eggs) decreased by -3.3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a mild descent. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Uncooked Pasta (Not Containing Eggs) in Azerbaijan

In value terms, uncooked pasta (not containing eggs) production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 8.1%. Uncooked pasta (not containing eggs) production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports from Azerbaijan

In 2021, exports of uncooked pasta (not containing eggs) from Azerbaijan reduced dramatically to X tons, which is down by -65.2% compared with the previous year. Over the period under review, exports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 26%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, uncooked pasta (not containing eggs) exports fell significantly to $X in 2021. Overall, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 5.7% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) and Georgia (X tons) were the main destinations of uncooked pasta (not containing eggs) exports from Azerbaijan.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of -5.9%).

In value terms, the largest markets for uncooked pasta (not containing eggs) exported from Azerbaijan were Russia ($X) and Georgia ($X).

Russia, with a CAGR of -5.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average export price for uncooked pasta (not containing eggs) amounted to $X per ton, surging by 4.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 23%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Georgia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.2%).

Imports of Uncooked Pasta (Not Containing Eggs)

Imports into Azerbaijan

After six years of growth, purchases abroad of uncooked pasta (not containing eggs) decreased by -17.8% to X tons in 2021. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 461%. Over the period under review, imports attained the peak figure at X tons in 2020, and then fell notably in the following year.

In value terms, uncooked pasta (not containing eggs) imports reduced to $X in 2021. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2015 with an increase of 493% against the previous year. Imports peaked at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Turkey (X tons) constituted the largest uncooked pasta (not containing eggs) supplier to Azerbaijan, accounting for a 88% share of total imports. Moreover, uncooked pasta (not containing eggs) imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+38.5% per year) and Italy (+10.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of uncooked pasta (not containing eggs) to Azerbaijan, comprising 82% of total imports. The second position in the ranking was held by Russia ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+45.5% per year) and Italy (+24.1% per year).

Import Prices by Country

The average import price for uncooked pasta (not containing eggs) stood at $X per ton in 2021, surging by 10% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, uncooked pasta (not containing eggs) import price increased by +75.0% against 2014 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 43%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :