Fruit Market Overview in Azerbaijan
In value terms, fruit production stood at $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of % against the previous year. Azerbaijan production peaked at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.
The average yield of fruits in Azerbaijan was estimated at tonnes per ha in 2019, flattening at 2018. The yield figure increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017 with an increase of % year-to-year. The global yield peaked in 2019 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx. ha of fruits were harvested in Azerbaijan; stabilizing at 2018 figures. Overall, the harvested area recorded a modest increase. The pace of growth was the most pronounced in 2011 when the harvested area increased by % year-to-year. Over the period under review, the harvested area dedicated to fruit production reached the maximum at ha in 2016; however, from 2017 to 2019, the harvested area remained at a lower figure.
The value of the fruit market in Azerbaijan was estimated at $ in 2019, rising 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). The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the market value increased by % year-to-year. Azerbaijan consumption peaked in 2019 and is expected to retain growth in years to come.
From 2007 to 2019, the most notable rate of growth in terms of fruit consumption, amongst the leading consumed products, was attained by date, while fruit consumption for the other products experienced more modest paces of growth.
In value terms, grapes ($), watermelons ($) and apples ($) constituted the products with the highest levels of market value in 2019, together comprising % of the total market. These products were followed by pears and quinces, bananas, figs, melons, apricots, tangerines, mandarins, clementines, satsumas, peaches and nectarines, plums and sloes, oranges, lemons and limes, dates, citrus fruits, nes, pineapples, grapefruits, avocados and papayas, which together accounted for a further %.
Date recorded the highest growth rate of market size, in terms of the main consumed products over the period under review, while fruit market for the other products experienced more modest paces of growth.