Price for Buckwheat, Millet and Canary Seed; Other Cereals in Azerbaijan - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Azerbaijan (CIF) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Azerbaijan (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Azerbaijan
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Azerbaijan
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Azerbaijan (CIF) - 2023
The average import price for buckwheat, millet and canary seed; other cerealses stood at $445 per ton in December 2023, with a decrease of -10.5% against the previous month. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 8.6% m-o-m. The import price peaked at $801 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From December 2022 to December 2023, the rate of growth in terms of prices for Russia amounted to -4.8% per month.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Azerbaijan (FOB) - 2022
The average export price for buckwheat, millet and canary seed; other cerealses stood at $1,482 per ton in 2022, rising by 21% against the previous year. Over the period under review, the export price saw a pronounced expansion. The pace of growth was the most pronounced in 2017 an increase of 237%. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($1,634 per ton), while the average price for exports to the United States ($1,336 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.5%).
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Azerbaijan
In 2022, the amount of buckwheat, millet and canary seed; other cerealses imported into Azerbaijan was estimated at 12K tons, growing by 6.4% compared with the previous year. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 7,162% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of buckwheat, millet and canary seed; other cerealses surged to $11M in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 6,297%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.1 | N/A | 6.9 | 11.2 | 382.0% |
| Kazakhstan | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 0.3 | 0.1 | 7.0 | 11.3 | 235.2% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Azerbaijan in 2022:
- Russia (12.2K tons)
- Kazakhstan (0.1K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Azerbaijan
After two years of decline, shipments abroad of buckwheat, millet and canary seed; other cerealses decreased by -92.6% to 3.8 tons in 2022. In general, exports faced a sharp downturn.
In value terms, exports of buckwheat, millet and canary seed; other cerealses contracted significantly to $5.6K in 2022. Overall, exports, however, recorded a resilient expansion.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 2.9 | 0% |
| Canada | N/A | N/A | N/A | 1.3 | 0% |
| United States | N/A | N/A | N/A | 1.3 | 0% |
| Iraq | 4.0 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 5.4 | N/A | 0% |
| Georgia | N/A | N/A | 57.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.0 | N/A | 62.5 | 5.6 | 11.9% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Azerbaijan in 2022:
- Poland (1800.0 kg)
- Canada (998.0 kg)
- United States (960.0 kg)
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