Milled Rice Price in Azerbaijan - 2023
Contents:
- Milled Rice Price in Azerbaijan (CIF) - 2023
- Milled Rice Price in Azerbaijan (FOB) - 2022
- Milled Rice Imports in Azerbaijan
- Milled Rice Exports in Azerbaijan
Milled Rice Price in Azerbaijan (CIF) - 2023
The average milled rice import price stood at $842 per ton in June 2023, falling by -10.7% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 32% against the previous month. Over the period under review, average import prices hit record highs at $943 per ton in May 2023, and then declined in the following month.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was India ($852 per ton), while the price for Pakistan ($577 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in Azerbaijan (FOB) - 2022
The average milled rice export price stood at $1,441 per ton in 2022, growing by 26% against the previous year. Over the period under review, the export price showed a mild increase. Over the period under review, the average export prices attained the maximum at $4,625 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($1,776 per ton), while the average price for exports to Poland ($882 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 Georgia (+2.0%), while the prices for the other major destinations experienced a decline.
Milled Rice Imports in Azerbaijan
Milled rice imports into Azerbaijan surged to 57K tons in 2022, rising by 24% against the previous year's figure. The total import volume increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, milled rice imports surged to $42M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Milled Rice in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 26.2 | 27.8 | 25.3 | 34.3 | 9.4% |
| Kazakhstan | 2.6 | 2.1 | 3.3 | 3.6 | 11.5% |
| Russia | 5.8 | 5.7 | 3.4 | 2.3 | -26.5% |
| Thailand | 0.2 | 0.2 | 0.6 | 0.9 | 65.1% |
| Pakistan | N/A | N/A | N/A | 0.8 | 0% |
| Others | 0.6 | 0.9 | 0.6 | 0.4 | -12.6% |
| Total | 35.4 | 36.7 | 33.2 | 42.4 | 6.2% |
Top Suppliers of Milled Rice to Azerbaijan in 2022:
- India (37.6K tons)
- Pakistan (7.9K tons)
- Kazakhstan (5.7K tons)
- Russia (4.1K tons)
- Thailand (1.2K tons)
Milled Rice Exports in Azerbaijan
In 2022, approx. 9.9 tons of semi-milled or wholly milled (bleached) rice were exported from Azerbaijan; dropping by -5.1% on the previous year's figure. Over the period under review, exports continue to indicate a deep setback.
In value terms, milled rice exports soared to $14K in 2022. The total export value increased at an average annual rate of +19.3% over the period from 2021 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Milled Rice in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Kazakhstan | N/A | 7.1 | 0% | ||
| Ukraine | N/A | 4.3 | 0% | ||
| Poland | N/A | 1.8 | 0% | ||
| United States | N/A | 1.1 | 0% | ||
| Russia | 3.0 | N/A | 0% | ||
| Georgia | 8.8 | N/A | 0% | ||
| Others | 0.2 | N/A | 0% | ||
| Total | 12.0 | 14.3 | 19.2% | ||
Top Export Markets for Milled Rice from Azerbaijan in 2022:
- Kazakhstan (4.0 tons)
- Ukraine (3.0 tons)
- Poland (2.0 tons)
- United States (1.0 tons)
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