Report Update Nov 1, 2024

Azerbaijan - Wine and Grape Must - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Wine Market 2024

Wine Market Size in Azerbaijan

The Azerbaijani wine market fell to $X in 2022, dropping by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Wine Production in Azerbaijan

In value terms, wine production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Wine Exports

Exports from Azerbaijan

Wine exports from Azerbaijan surged to X litres in 2022, jumping by X% on 2021 figures. Overall, exports, however, showed a pronounced curtailment. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wine exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a pronounced contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X litres) was the main destination for wine exports from Azerbaijan, accounting for a X% share of total exports. It was followed by Belarus (X litres), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled X%.

In value terms, Russia ($X) remains the key foreign market for wine and grape must exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to X%.

Export Prices by Country

The average wine export price stood at $X per litre in 2022, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per litre in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%).

Wine Imports

Imports into Azerbaijan

In 2022, approx. X litres of wine and grape must were imported into Azerbaijan; which is down by X% compared with the previous year's figure. Overall, imports showed a abrupt setback. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X litres in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wine imports expanded rapidly to $X in 2022. In general, imports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Georgia (X litres), Italy (X litres) and Russia (X litres) were the main suppliers of wine imports to Azerbaijan, together comprising X% of total imports.

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

In value terms, Italy ($X), France ($X) and Georgia ($X) constituted the largest wine suppliers to Azerbaijan, together accounting for X% of total imports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 wine import price stood at $X per litre in 2022, rising by X% against the previous year. In general, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wine and grape must in the world?

The country with the largest volume of wine consumption was China, accounting for 31% of total volume. Moreover, wine consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. France ranked third in terms of total consumption with a 4.6% share.

What are the largest producers of wine and grape must in the world?

China remains the largest wine producing country worldwide, accounting for 30% of total volume. Moreover, wine production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. France ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of wine and grape must to Azerbaijan?

In value terms, Italy, France and Georgia were the largest wine suppliers to Azerbaijan.

What are the leading importers of wine and grape must from Azerbaijan?

In value terms, Russia remains the key foreign market for wine exports from Azerbaijan, comprising 66% of total exports. The second position in the ranking was occupied by China, with a 9.8% share of total exports. It was followed by Belarus, with a 6.9% share.

What is the average export price for wine and grape must in Azerbaijan?

The average wine export price stood at $1.1 per litre in 2021, reducing by -11.5% against the previous year.

What is the average import price for wine and grape must in Azerbaijan?

In 2021, the average wine import price amounted to $5 per litre, rising by 24% against the previous year.

This report provides an in-depth analysis of the wine market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 564 - Wine
FCL 563 - Must of Grape

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023