Updated Jan 22, 2023 02:29

Kola Nut Market in Azerbaijan

Market Forecast
Driven by increasing demand for kola nut in Azerbaijan, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of % for the period from 2016 to , which is projected to bring the market volume to kg by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of % for the period from 2016 to , which is projected to bring the market value to less than $ (in nominal prices) by the end of .


Market Structure
Kola nut market in Azerbaijan consists almost entirely of imported products. In 2016, 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 kola nut; in physical and value terms, imports consistently exceeded exports from 2016 to 2016. In 2016, there was a significant trade deficit of kg, 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.