Price for Cereals; Millet, Other than Seed in Azerbaijan - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Azerbaijan (CIF) - 2022
- Imports of Cereals; Millet, Other than Seed in Azerbaijan
Price for Cereals; Millet, Other than Seed in Azerbaijan (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $217 per ton, remaining stable against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 189% against the previous year. As a result, import price reached the peak level of $352 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +0.6% per year.
Imports of Cereals; Millet, Other than Seed in Azerbaijan
For the fourth consecutive year, Azerbaijan recorded growth in overseas purchases of cereals; millet, other than seeds, which increased by 103% to 1.1K tons in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 316%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, cereals; millet, other than seed imports surged to $235K in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 206%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Cereals; Millet, Other than Seed in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 11.2 | 27.9 | 113 | 232 | 174.6% |
Others | 7.9 | 9.9 | 1.9 | 2.5 | -31.9% |
Total | 19.1 | 37.7 | 115 | 235 | 130.9% |
Top Suppliers of Cereals; Millet, Other than Seed to Azerbaijan in 2022:
- Russia (1078.6 tons)
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