Price for Cereal Groats; Meal and Pellets in Azerbaijan - 2023

Price for Cereal Groats; Meal and Pellets in Azerbaijan (CIF) - 2022

In 2022, the average import price for cereal groats; meal and pelletses amounted to $530 per ton, increasing by 23% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal groats; meal and pellets import price increased by +43.0% against 2018 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 33% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,245 per ton), while the price for Ukraine ($283 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats; Meal and Pellets in Azerbaijan (FOB) - 2022

In 2022, the average export price for cereal groats; meal and pelletses amounted to $302 per ton, with a decrease of -35.3% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 46%. The export price peaked at $953 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to -8.1% per year.

Imports of Cereal Groats; Meal and Pellets in Azerbaijan

Cereal groats; meal and pellets imports into Azerbaijan soared to 3.4K tons in 2022, picking up by 47% on 2021 figures. The total import volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal groats; meal and pellets imports soared to $1.8M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cereal Groats; Meal and Pellets in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	394	463	459	829	28.1%
Russia	443	568	304	568	8.6%
Ukraine	174	185	149	259	14.2%
Turkey	4.6	14.6	42.3	76.0	154.7%
Kazakhstan	28.0	30.6	28.3	47.6	19.3%
Others	12.6	15.6	19.6	25.7	26.8%
Total	1,057	1,277	1,001	1,806	19.5%

Top Suppliers of Cereal Groats; Meal and Pellets to Azerbaijan in 2022:

Russia (1508.8 tons)
Ukraine (916.3 tons)
China (666.1 tons)
Turkey (196.9 tons)
Kazakhstan (63.5 tons)

Exports of Cereal Groats; Meal and Pellets in Azerbaijan

In 2022, exports of cereal groats; meal and pelletses from Azerbaijan surged to 1.1 tons, rising by 51% compared with the year before. The total export volume increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereal groats; meal and pellets exports declined slightly to $341 in 2022. The total export value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 5.4% against the previous year. As a result, the exports attained the peak of $350, and then declined in the following year.