Price for Flours and Meals; of Soya Beans in Azerbaijan - 2023

Contents:

  1. Price for Flours and Meals; of Soya Beans in Azerbaijan (CIF) - 2022
  2. Imports of Flours and Meals; of Soya Beans in Azerbaijan

Price for Flours and Meals; of Soya Beans in Azerbaijan (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $1,277 per ton in 2022, rising by 19% against the previous year. Overall, the import price saw a resilient expansion. The import price peaked at $1,684 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +14.6% per year.

Imports of Flours and Meals; of Soya Beans in Azerbaijan

In 2022, imports of flours and meals; of soya beanses into Azerbaijan soared to 12 tons, picking up by 20% against the previous year. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 26,216%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of flours and meals; of soya beanses soared to $15K in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 16,673%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Flours and Meals; of Soya Beans in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
TurkeyN/AN/A10.715.343.0%
Others0.10.1N/AN/A0.0%
Total0.10.110.715.3434.8%

Top Suppliers of Flours and Meals; of Soya Beans to Azerbaijan in 2022:

  1. Turkey (12.0 tons)

Source: IndexBox Market Intelligence Platform

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