Brown Rice Price in Azerbaijan - 2023
Contents:
- Brown Rice Price in Azerbaijan (CIF) - 2022
- Brown Rice Price in Azerbaijan (FOB) - 2022
- Brown Rice Imports in Azerbaijan
- Brown Rice Exports in Azerbaijan
Brown Rice Price in Azerbaijan (CIF) - 2022
In 2022, the average brown rice import price amounted to $1,168 per ton, rising by 47% against the previous year. In general, the import price posted a measured expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 63% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($3,855 per ton), while the price for Thailand ($575 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Brown Rice Price in Azerbaijan (FOB) - 2022
In 2022, the average brown rice export price amounted to $1,606 per ton, rising by 27% against the previous year. Over the period under review, the export price enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2020 an increase of 39%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($2,601 per ton), while the average price for exports to Russia stood at $1,490 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+2.0%), while the prices for the other major destinations experienced a decline.
Brown Rice Imports in Azerbaijan
In 2022, supplies from abroad of husked (brown) rice decreased by -93.8% to 50 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2020 when imports increased by 58% against the previous year. As a result, imports attained the peak of 3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, brown rice imports fell dramatically to $58K in 2022. In general, imports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 88%. As a result, imports reached the peak of $1.9M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Brown Rice in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 729 | 1,240 | 521 | 36.2 | -63.2% |
| Kazakhstan | N/A | N/A | N/A | 12.9 | 0% |
| Italy | 0.4 | 0.2 | 0.3 | 4.1 | 117.2% |
| Russia | 2.8 | 4.6 | 0.6 | 2.0 | -10.6% |
| Thailand | 176 | 507 | 64.0 | 1.7 | -78.7% |
| Egypt | 69.5 | 98.8 | 34.6 | N/A | -29.4% |
| Georgia | 24.9 | 38.8 | 14.9 | N/A | -22.6% |
| Others | 8.1 | 13.9 | 5.8 | 1.4 | -44.3% |
| Total | 1,011 | 1,903 | 641 | 58.4 | -61.3% |
Top Suppliers of Brown Rice to Azerbaijan in 2022:
- India (22.9 tons)
- Kazakhstan (20.0 tons)
- Thailand (2.9 tons)
- Russia (2.7 tons)
- Italy (1.1 tons)
Brown Rice Exports in Azerbaijan
Brown rice exports from Azerbaijan soared to 11 tons in 2022, growing by 177% against 2021. Over the period under review, exports, however, showed a abrupt decrease.
In value terms, brown rice exports surged to $18K in 2022. Overall, exports enjoyed strong growth.
| Export of Brown Rice in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 11.3 | 21.8 | 4.7 | 14.9 | 9.7% |
| Kazakhstan | N/A | N/A | N/A | 3.0 | 0% |
| Georgia | 0.7 | 0.5 | 0.4 | N/A | -24.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.0 | 22.3 | 5.1 | 17.9 | 14.3% |
Top Export Markets for Brown Rice from Azerbaijan in 2022:
- Russia (10.0 tons)
- Kazakhstan (1.2 tons)
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