Azerbaijan: Wheat Market 2025

Wheat Market Size in Azerbaijan

The Azerbaijani wheat market stood at $X in 2022, rising by 7.3% against the previous year. Overall, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.4% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Wheat Production in Azerbaijan

In value terms, wheat production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -2.4% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 37% against the previous year. Wheat production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of wheat in Azerbaijan fell slightly to X tons per ha in 2022, reducing by -1.9% against the year before. The yield figure increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the yield increased by 30% against the previous year. Over the period under review, the average wheat yield hit record highs at X tons per ha in 2021, and then fell modestly 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, approx. X ha of wheat were harvested in Azerbaijan; standing approx. at 2021. In general, the harvested area, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2018 when the harvested area increased by 14% against the previous year. The wheat harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Wheat Exports

Exports from Azerbaijan

For the tenth year in a row, Azerbaijan recorded decline in shipments abroad of wheat, which decreased by -36.5% to X tons in 2022. In general, exports faced a precipitous decrease. The smallest decline of -12.7% was in 2014. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wheat exports rose sharply to $X in 2022. Overall, exports showed a sharp contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for wheat exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey was relatively modest.

In value terms, Turkey ($X) emerged as the key foreign market for wheat exports from Azerbaijan.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey was relatively modest.

Export Prices by Country

In 2022, the average wheat export price amounted to $X per ton, picking up by 66% against the previous year. Over the period under review, the export price posted a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to +7.5% per year.

Wheat Imports

Imports into Azerbaijan

In 2022, purchases abroad of wheat increased by 13% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 47% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, wheat imports skyrocketed to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +28.2% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest wheat supplier to Azerbaijan, accounting for a 78% share of total imports. Moreover, wheat imports from Russia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +15.3%.

In value terms, Russia ($X) constituted the largest supplier of wheat to Azerbaijan, comprising 78% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia stood at +15.9%.

Import Prices by Country

The average wheat import price stood at $X per ton in 2022, picking up by 17% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat import price increased by +89.4% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while the price for Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.0%).

Source: IndexBox Platform

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