Azerbaijan: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Azerbaijan

The Azerbaijani market for mixed condiments, sauses and seasonings expanded notably to $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Mixed Condiments, Sauses and Seasonings in Azerbaijan

In value terms, mixed condiment, sause and seasoning production stood at $X in 2022 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Azerbaijan

In 2022, mixed condiment, sause and seasoning exports from Azerbaijan dropped significantly to X tons, with a decrease of X% against the previous year. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mixed condiment, sause and seasoning exports shrank to $X in 2022. In general, exports, however, saw a tangible increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Georgia (X tons) was the main destination for mixed condiment, sause and seasoning exports from Azerbaijan, accounting for a X% share of total exports. Moreover, mixed condiment, sause and seasoning exports to Georgia exceeded the volume sent to the second major destination, Russia (X tons), eightfold. Israel (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Georgia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Israel (X% per year).

In value terms, Georgia ($X) remains the key foreign market for mixed condiments, sauses and seasonings exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with an X% share of total exports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Israel (X% per year).

Export Prices by Country

In 2022, the average export price for mixed condiments, sauses and seasonings amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed condiment, sause and seasoning export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Israel ($X per ton), while the average price for exports to Georgia ($X per ton) and Russia ($X per ton) were amongst the lowest.

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

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Azerbaijan

In 2022, approx. X tons of mixed condiments, sauses and seasonings were imported into Azerbaijan; with an increase of X% on the previous year's figure. Overall, imports showed prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, mixed condiment, sause and seasoning imports skyrocketed to $X in 2022. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of mixed condiment, sause and seasoning to Azerbaijan, accounting for a X% share of total imports. Moreover, mixed condiment, sause and seasoning imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

In value terms, Russia ($X) constituted the largest supplier of mixed condiments, sauses and seasonings to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

Import Prices by Country

The average import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price saw a buoyant increase. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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