Dry Peas Market Overview in Azerbaijan
In value terms, dry peas production totaled $ in 2019 estimated in export prices. In general, production enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when the production volume increased by % year-to-year. Dry peas production peaked in 2019 and is likely to see steady growth in the near future.
In 2019, the average yield of peas (dry) in Azerbaijan contracted modestly to tonnes per ha, remaining constant against the previous year. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by % against the previous year. The dry peas yield peaked at tonnes per ha in 2008; however, from 2009 to 2019, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the total area harvested in terms of peas (dry) production in Azerbaijan expanded markedly to ha, increasing by % compared with 2018. In general, the harvested area recorded a remarkable increase. The growth pace was the most rapid in 2017 when the harvested area increased by % against the previous year. The dry peas harvested area peaked in 2019 and is expected to retain growth in years to come.
The size of the dry peas market in Azerbaijan rose significantly to $ in 2019, picking up 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). Overall, consumption continues to indicate prominent growth. The growth pace was the most rapid in 2017 when the market value increased by % y-o-y. Over the period under review, the market reached the maximum level in 2019 and is expected to retain growth in the near future.