Dry Peas Market Overview in Azerbaijan
In value terms, dry peas production shrank to $ in estimated in export prices. In general, production saw a prominent increase. The pace of growth was the most pronounced in 2011 when the production volume increased by % against the previous year. Over the period under review, production reached the peak level at $ in 2017; however, from 2018 to , production stood at a somewhat lower figure.
In , the average dry peas yield in Azerbaijan shrank to tonnes per ha, approximately mirroring the year before. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by % y-o-y. The dry peas yield peaked at tonnes per ha in 2008; however, from 2009 to , the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the total area harvested in terms of peas (dry) production in Azerbaijan rose markedly to ha, growing by % on 2019. Over the period under review, the harvested area enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when the harvested area increased by % against the previous year. As a result, the harvested area attained the peak level of ha. from 2018 to , the growth of the dry peas harvested area remained at a somewhat lower figure.
The revenue of the dry peas market in Azerbaijan fell significantly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of % y-o-y. As a result, consumption attained the peak level of $. from 2018 to , the growth of the market remained at a somewhat lower figure.