Price for Cereal Flour; of Maize (Corn) in Azerbaijan - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Azerbaijan (CIF) - 2022
- Imports of Cereal Flour; of Maize (Corn) in Azerbaijan
Price for Cereal Flour; of Maize (Corn) in Azerbaijan (CIF) - 2022
In 2022, the average import price for cereal flour; of maize (corn) amounted to $1,006 per ton, reducing by -17.8% against the previous year. Over the period under review, the import price, however, continues to indicate a moderate increase. The pace of growth appeared the most rapid in 2016 an increase of 138%. The import price peaked at $1,225 per ton in 2021, and then dropped dramatically in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($1,923 per ton), while the price for Russia ($573 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Cereal Flour; of Maize (Corn) in Azerbaijan
In 2022, the amount of cereal flour; of maize (corn) imported into Azerbaijan skyrocketed to 71 tons, growing by 69% on the previous year's figure. Overall, imports enjoyed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereal flour; of maize (corn) imports skyrocketed to $71K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flour; of Maize (Corn) in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 23.0 | 26.4 | 28.8 | 34.2 | 14.1% |
| Russia | 7.0 | 9.4 | 11.7 | 25.1 | 53.1% |
| France | 0.5 | 0.7 | 1.4 | 6.3 | 132.7% |
| United Arab Emirates | 1.9 | 1.9 | 2.1 | 3.8 | 26.0% |
| Ukraine | 5.8 | 5.1 | 4.8 | 0.1 | -74.2% |
| Others | 1.3 | 1.2 | 2.3 | 1.5 | 4.9% |
| Total | 39.3 | 44.7 | 51.1 | 71.2 | 21.9% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Azerbaijan in 2022:
- Russia (43.9 tons)
- Turkey (20.2 tons)
- France (3.3 tons)
- United Arab Emirates (2.6 tons)
- Ukraine (0.2 tons)
332
This report provides an in-depth analysis of the cereal flour market in Azerbaijan.
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This report provides an in-depth analysis of the global non-wheat flour market.
332
This report provides an in-depth analysis of the cereal flour market in Azerbaijan.
405
This report provides an in-depth analysis of the non-wheat flour market in Azerbaijan.
2561
This report provides an in-depth analysis of the global cereal flour market.
770
This report provides an in-depth analysis of the global non-wheat flour market.
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