Brazil Nut Market in Azerbaijan
Market Overview
The Azerbaijani brazil nut market fell notably to less than $
in , which is down 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, however, recorded a deep downturn. As a result, consumption reached the peak level of $. From 2018 to , the growth of the market remained at a lower figure.
In value terms, brazil nut production skyrocketed to $ in estimated in export price. Overall, production showed a abrupt decrease. Over the period under review, production attained the maximum level at $ in ; however, from to , production failed to regain momentum.
The average yield of brazil nuts in Azerbaijan amounted to less than kg per ha in , therefore, remained relatively stable against . Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, the harvested area of brazil nuts in Azerbaijan stood at less than ha, stabilizing at the year before. In general, the harvested area continues to indicate a relatively flat trend pattern.
in , which is down 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, however, recorded a deep downturn. As a result, consumption reached the peak level of $. From 2018 to , the growth of the market remained at a lower figure.In value terms, brazil nut production skyrocketed to $
in estimated in export price. Overall, production showed a abrupt decrease. Over the period under review, production attained the maximum level at $ in ; however, from to , production failed to regain momentum.The average yield of brazil nuts in Azerbaijan amounted to less than
kg per ha in , therefore, remained relatively stable against . Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, the harvested area of brazil nuts in Azerbaijan stood at less than ha, stabilizing at the year before. In general, the harvested area continues to indicate a relatively flat trend pattern.Consumption
In , consumption of brazil nuts increased by % to kg for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a drastic downturn. Brazil nut consumption peaked at kg in 2017; however, from 2018 to , consumption remained at a lower figure.
The revenue of the brazil nut market in Azerbaijan shrank sharply to less than $ in , with a decrease of % 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). In general, consumption, however, saw a abrupt descent. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a lower figure.
, consumption of brazil nuts increased by % to kg for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a drastic downturn. Brazil nut consumption peaked at kg in 2017; however, from 2018 to , consumption remained at a lower figure.The revenue of the brazil nut market in Azerbaijan shrank sharply to less than $
in , with a decrease of % 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). In general, consumption, however, saw a abrupt descent. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a lower figure.Market Forecast
Depressed by shrinking demand for brazil nut in Azerbaijan, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to kg by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to kg by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Azerbaijan domestic supply is expected to continue its growth.
% in 2007 to % in . Azerbaijan domestic supply is expected to continue its growth.Trade Balance
Azerbaijan remains a net exporter of brazil nut; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of kg, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of kg, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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