Pistachio Market in Azerbaijan
Market Overview
In 
, the Azerbaijani pistachio market increased by % to $, rising for the second year in a row after three years of decline. Overall, consumption enjoyed a resilient expansion. Over the period under review, the market reached the peak level in and is likely to see steady growth in years to come.
In value terms, pistachio production rose slightly to $ in estimated in export price. In general, production saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of %. Pistachio production peaked at $ in ; however, from to , production remained at a lower figure.
In, the average yield of pistachios in Azerbaijan totaled tons per ha, remaining constant against the previous year's figure. Over the period under review, the yield enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 when the yield increased by %. The pistachio yield peaked in and is likely to see gradual growth in years to come. 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 pistachios in Azerbaijan totaled ha, therefore, remained relatively stable against figures. Overall, the harvested area enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. As a result, the harvested area attained the peak level of ha. From 2017 to , the growth of the pistachio harvested area remained at a somewhat lower figure.
, the Azerbaijani pistachio market increased by % to $, rising for the second year in a row after three years of decline. Overall, consumption enjoyed a resilient expansion. Over the period under review, the market reached the peak level in and is likely to see steady growth in years to come.In value terms, pistachio production rose slightly to $
in estimated in export price. In general, production saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of %. Pistachio production peaked at $ in ; however, from to , production remained at a lower figure.In
, the average yield of pistachios in Azerbaijan totaled tons per ha, remaining constant against the previous year's figure. Over the period under review, the yield enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 when the yield increased by %. The pistachio yield peaked in and is likely to see gradual growth in years to come. 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 pistachios in Azerbaijan totaled ha, therefore, remained relatively stable against figures. Overall, the harvested area enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. As a result, the harvested area attained the peak level of ha. From 2017 to , the growth of the pistachio harvested area remained at a somewhat lower figure.Consumption
In , consumption of pistachios increased by % to tons, rising for the second year in a row after three years of decline. Over the period under review, consumption posted a prominent increase. Over the period under review, consumption attained the maximum volume at tons in 2017; however, from 2018 to , consumption failed to regain momentum.
The revenue of the pistachio market in Azerbaijan was estimated at $ in , remaining constant 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 recorded a buoyant expansion. Pistachio consumption peaked in and is expected to retain growth in the near future.
, consumption of pistachios increased by % to tons, rising for the second year in a row after three years of decline. Over the period under review, consumption posted a prominent increase. Over the period under review, consumption attained the maximum volume at tons in 2017; however, from 2018 to , consumption failed to regain momentum.The revenue of the pistachio market in Azerbaijan was estimated at $
in , remaining constant 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 recorded a buoyant expansion. Pistachio consumption peaked in and is expected to retain growth in the near future.Market Forecast
Driven by increasing demand for pistachios in Azerbaijan, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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
Pistachio market in Azerbaijan consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Azerbaijan relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Azerbaijan remains a net importer of pistachio; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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