Starches; Inulin Price in Azerbaijan - 2023

Contents:

1. Starches; Inulin Price in Azerbaijan (CIF) - 2022
2. Starches; Inulin Price in Azerbaijan (FOB) - 2022
3. Starches; Inulin Imports in Azerbaijan
4. Starches; Inulin Exports in Azerbaijan

Starches; Inulin Price in Azerbaijan (CIF) - 2022

The average starches; inulin import price stood at $614 per ton in 2022, with an increase of 42% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($1,295 per ton), while the price for Iran ($373 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Starches; Inulin Price in Azerbaijan (FOB) - 2022

The average starches; inulin export price stood at $532 per ton in 2022, rising by 39% against the previous year. In general, the export price recorded a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($570 per ton), while the average price for exports to Turkmenistan ($523 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Starches; Inulin Imports in Azerbaijan

In 2022, purchases abroad of starches; inulins decreased by -29.1% to 2.4K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +7.9% 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 +25.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of 3.3K tons, and then contracted rapidly in the following year.

In value terms, starches; inulin imports stood at $1.5M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Starches; Inulin to Azerbaijan in 2022:

1. Russia (1351.1 tons)
2. Iran (395.3 tons)
3. Turkey (304.1 tons)
4. Kazakhstan (280.0 tons)
5. Ukraine (34.8 tons)

Starches; Inulin Exports in Azerbaijan

In 2022, shipments abroad of starches; inulins decreased by -20.1% to 695 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, posted resilient growth. The growth pace was the most rapid in 2020 when exports increased by 188%. As a result, the exports attained the peak of 1.4K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, starches; inulin exports totaled $370K in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 212%. As a result, the exports reached the peak of $484K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Starches; Inulin from Azerbaijan in 2022:

1. Georgia (480.0 tons)
2. Turkmenistan (195.0 tons)
3. Uzbekistan (20.0 tons)

Source: IndexBox Market Intelligence Platform