Azerbaijan: Wheat Bran Market 2024

Wheat Bran Market Size in Azerbaijan

In 2022, the Azerbaijani wheat bran market decreased by X% to $X, falling for the second consecutive year after five years of growth. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Wheat Bran Production in Azerbaijan

In value terms, wheat bran production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Wheat Bran Exports

Exports from Azerbaijan

In 2022, overseas shipments of wheat bran increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. 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, wheat bran exports skyrocketed to $X in 2022. In general, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Iraq (X tons) was the main destination for wheat bran exports from Azerbaijan, with a X% share of total exports. Moreover, wheat bran exports to Iraq exceeded the volume sent to the second major destination, Georgia (X tons), threefold.

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

In value terms, Iraq ($X) remains the key foreign market for wheat bran exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Georgia ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average wheat bran export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price 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, wheat bran export price increased by X% against 2016 indices. The growth pace was the most rapid in 2013 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Georgia ($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 Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Bran Imports

Imports into Azerbaijan

In 2022, overseas purchases of wheat bran increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wheat bran imports surged to $X in 2022. Overall, imports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) was the main supplier of wheat bran to Azerbaijan, with a X% share of total imports. Moreover, wheat bran imports from Russia exceeded the figures recorded by the second-largest supplier, Austria (X tons), more than tenfold.

From 2013 to 2022, the average annual growth rate of volume from Russia stood at X%.

In value terms, Russia ($X) and Austria ($X) were the largest wheat bran suppliers to Azerbaijan.

Austria, 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.

Import Prices by Country

The average wheat bran import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Russia stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Source: IndexBox Platform

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