Oat Market Overview in Azerbaijan
In value terms, oat production skyrocketed to $ in estimated in export prices. Over the period under review, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2008 when the production volume increased by % against the previous year. Oat production peaked in and is likely to continue growth in years to come.
The average yield of oats in Azerbaijan totaled tonnes per ha in , growing by % against 2019. The yield figure increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the yield increased by % year-to-year. The oat yield peaked at tonnes per ha in 2016; afterwards, it flattened through to . Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , approx. ha of oats were harvested in Azerbaijan; growing by % against the year before. Overall, the harvested area showed strong growth. The pace of growth was the most pronounced in 2008 when the harvested area increased by % y-o-y. The oat harvested area peaked in and is likely to see steady growth in years to come.
The revenue of the oat market in Azerbaijan skyrocketed to $ in , with an increase 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). Over the period under review, consumption enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. Over the period under review, the market reached the peak level in and is likely to see steady growth in years to come.