Rye Market Overview in Azerbaijan
In value terms, rye production fell to $ in 2019 estimated in export prices. In general, production, however, posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of % y-o-y. As a result, production attained the peak level of $. From 2018 to 2019, production growth remained at a lower figure.
In 2019, the average yield of rye in Azerbaijan dropped slightly to kg per ha, which is down by -% on the previous year. Over the period under review, the yield continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 when the yield increased by % year-to-year. The rye yield peaked at kg per ha in 2008; however, from 2009 to 2019, the yield failed to regain the momentum. 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 rye were harvested in Azerbaijan; growing by % compared with the previous year's figure. Overall, the harvested area recorded a significant increase. The most prominent rate of growth was recorded in 2012 with an increase of % year-to-year. Over the period under review, the harvested area dedicated to rye production attained the maximum in 2019 and is likely to see steady growth in the near future.
The revenue of the rye market in Azerbaijan shrank to $ in 2019, reducing 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). In general, consumption continues to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when the market value increased by % y-o-y. Rye consumption peaked at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.