Azerbaijan: Vegetable Market 2024

Vegetable Market Size in Azerbaijan

For the fourth year in a row, the Azerbaijani vegetable market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Vegetable consumption peaked in 2022 and is expected to retain growth in the near future.

Vegetable Production in Azerbaijan

In value terms, vegetable production rose slightly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase 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 growth pace was the most rapid in 2013 with an increase of X% against the previous year. Vegetable production peaked at $X in 2020; afterwards, it flattened through to 2022.

The average yield of vegetables in Azerbaijan dropped slightly to X tons per ha in 2022, flattening at the previous year's figure. Overall, the yield indicated a notable increase from 2012 to 2022: its figure 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, vegetable yield increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The vegetable yield peaked at X tons per ha in 2021, and then dropped in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of vegetables in Azerbaijan dropped to X ha, stabilizing at the previous year. In general, the harvested area saw a mild slump. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X% against the previous year. The vegetable harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Vegetable Exports

Exports from Azerbaijan

In 2022, the amount of vegetables exported from Azerbaijan fell modestly to X tons, shrinking by X% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable exports reached $X in 2022. Overall, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for vegetable exports from Azerbaijan, accounting for a X% share of total exports. Moreover, vegetable exports to Russia exceeded the volume sent to the second major destination, Georgia (X tons), more than tenfold. Belarus (X tons) ranked third in terms of total exports with a X% share.

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

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

Export Prices by Country

The average vegetable export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

Vegetable Imports

Imports into Azerbaijan

In 2022, overseas purchases of vegetables decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, vegetable imports reduced to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Russia (X tons), Iran (X tons) and Turkey (X tons) were the main suppliers of vegetable imports to Azerbaijan, with a combined X% share of total imports. Pakistan, Georgia, Belarus and Ukraine lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest vegetable suppliers to Azerbaijan were Iran ($X), Russia ($X) and Turkey ($X), together accounting for X% of total imports. Pakistan, Georgia, Belarus and Ukraine lagged somewhat behind, together accounting for a further X%.

Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 vegetable import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Iran ($X per ton) and Belarus ($X per ton), while the price for Turkey ($X per ton) and Russia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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