Nuts Market in Azerbaijan
Market Overview
The Azerbaijani nuts market rose notably to $
in , picking up 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). Overall, consumption enjoyed a temperate increase. Over the period under review, the market attained the maximum level at $ in ; however, from to , consumption stood at a somewhat lower figure.
In value terms, nuts production amounted to $ in estimated in export price. Over the period under review, production recorded a tangible expansion. The growth pace was the most rapid in 2016 when the production volume increased by % against the previous year. Nuts production peaked at $ in ; however, from to , production remained at a lower figure.
in , picking up 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). Overall, consumption enjoyed a temperate increase. Over the period under review, the market attained the maximum level at $ in ; however, from to , consumption stood at a somewhat lower figure.In value terms, nuts production amounted to $
in estimated in export price. Over the period under review, production recorded a tangible expansion. The growth pace was the most rapid in 2016 when the production volume increased by % against the previous year. Nuts production peaked at $ in ; however, from to , production remained at a lower figure.Consumption
In , nuts consumption in Azerbaijan was estimated at tons, increasing by % compared with the year before. In general, the total consumption indicated a perceptible expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Nuts consumption peaked at tons in ; however, from to , consumption stood at a somewhat lower figure.
The revenue of the nuts market in Azerbaijan totaled $ 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). Overall, consumption continues to indicate a pronounced expansion. Over the period under review, the market attained the maximum level at $ in ; however, from to , consumption stood at a somewhat lower figure.
, nuts consumption in Azerbaijan was estimated at tons, increasing by % compared with the year before. In general, the total consumption indicated a perceptible expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Nuts consumption peaked at tons in ; however, from to , consumption stood at a somewhat lower figure.The revenue of the nuts market in Azerbaijan totaled $
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). Overall, consumption continues to indicate a pronounced expansion. Over the period under review, the market attained the maximum level at $ in ; however, from to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for nuts (prepared or preserved) 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
Over the period under review, the share of imports in terms of total nuts consumption in Azerbaijan was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Azerbaijan nuts market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
% figure. In value terms the share of imports also stood at a low figure, which means that the Azerbaijan nuts market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
Azerbaijan remains a net importer of nuts; 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 $.
. In , there was a significant trade deficit of tons, which was equal to $.
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