Market research

Corn oil and fractions market in Azerbaijan

$Corn oil and fractions market in Azerbaijan$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Azerbaijani corn oil market experienced significant growth from 2018 to 2021, with consumption volume rising from 26 011 t to a peak of 33 668 t. This expansion was supported by concurrent increases in domestic production, which grew from 11 897 t to 13 805 t, and imports, which jumped from 14 727 t to 20 547 t over the four-year period.

Market volume contracted in the following years, falling to 29 209 t in 2022 and further to 25 330 t in 2023. During this decline, domestic production dropped sharply to 9 331 t and imports reduced to 16 212 t by 2023. In that year, Azerbaijan solidified its role as a regional supplier, accounting for 5.5% of Kazakhstan's imports of refined corn oil, a position that likely influenced domestic production and trade flows.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Azerbaijan
  1. 5.1.1. Annual dynamics of production in Azerbaijan in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Azerbaijan in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Azerbaijan in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Azerbaijan by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Azerbaijan in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Azerbaijan by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Azerbaijan, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Azerbaijan by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Azerbaijan in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Azerbaijan by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Azerbaijan in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Azerbaijan by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Azerbaijan, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Azerbaijan by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Azerbaijan in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Azerbaijan by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Azerbaijan in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Azerbaijan by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Azerbaijan, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Azerbaijan by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Azerbaijan in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Azerbaijan by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Azerbaijan in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Azerbaijan by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Azerbaijan, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Azerbaijan by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production corn oil and fractions in Azerbaijan

In kind, 2018-2021, t

Globally, Azerbaijan ranked as the 25th largest producer of corn oil and fractions from 2018 to 2021.

Top producers of corn oil and fractions, 2018-2021

Source: SHEV.io

World map of production of corn oil and fractions, 2018-2021

Source: SHEV.io

After two years of growth, Azerbaijan's production of corn oil and fractions declined. In 2021, output stood at 13 805 tonnes, remaining broadly stable compared to the previous year. Between 2018 and 2021, production increased by 16%, translating to an annualized growth rate of 5.1%. The highest production level was recorded in 2020 at 13 822 tonnes, while the largest year-on-year increase occurred in 2019 at 13.3%.

Annual dynamics of production in Azerbaijan in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	13.3%	2.5%	(0.1%)	5.1%

Source: SHEV.io

In value, 2018-2021, K $ US

Corn oil and fractions production in Azerbaijan grew for the third consecutive year. In 2021, the output was valued at 27 074 thousand US dollars, showing a robust increase of 17.2% compared to 2020. Over the period from 2018 to 2021, production rose by 30.8%, with a compound annual growth rate of 9.4%.

Annual dynamics of production in Azerbaijan in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	11.0%	0.5%	17.2%	9.4%

Source: SHEV.io

Exports corn oil and fractions from Azerbaijan

Exports in kind, t

Corn oil and fractions exports from Azerbaijan expanded for the third year in a row. In 2021, Azerbaijan exported 683 tonnes, marking a slight rise of 0.8% year-over-year. Between 2018 and 2021, exports increased by 11.4%, equivalent to an annualized growth rate of 3.7%.

Annual dynamics of product's exports from Azerbaijan in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	2.2%	8.2%	0.8%	3.7%

Source: SHEV.io

From 2018 to 2021, Georgia was the primary partner for exports in kind, accounting for 95.9% of total flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Azerbaijan in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Azerbaijan's corn oil and fractions export value grew for the third consecutive year. In 2021, exports reached 1 340 thousand US dollars, reflecting an increase of 18.3% compared to the previous year. Between 2018 and 2021, exports rose by 25.5%, with an annualized growth rate of 7.9%.

Annual dynamics of product's exports from Azerbaijan in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.1%	6.0%	18.3%	7.9%

Source: SHEV.io

During 2018–2021, the export partner base in value terms was highly concentrated, with Georgia alone responsible for 96.3% of total flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Azerbaijan in value, 2018-2021

Source: SHEV.io

Imports corn oil and fractions to Azerbaijan

Imports in kind, t

Corn oil and fractions imports into Azerbaijan increased for the third consecutive year. In 2021, imports totaled 20 547 tonnes, indicating a modest rise of 2.9% compared to 2020. Between 2018 and 2021, imports grew by 39.5%, equating to an annualized rate of 11.7%.

Annual dynamics of product's imports to Azerbaijan in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	22.8%	10.4%	2.9%	11.7%

Source: SHEV.io

From 2018 to 2021, the United States (44.1% of imports in kind), Argentina (23.8%), and Russia (12.4%) led the import structure in kind, together representing 80.3% of total flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Azerbaijan in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Corn oil and fractions import volumes into Azerbaijan rose for the third year in a row. In 2021, imports reached 35 864 thousand US dollars, showing a dramatic increase of 49.8% compared to the previous year. Between 2018 and 2021, imports surged by 115.5%, with an annualized growth rate of 29.2%.

Annual dynamics of product's imports to Azerbaijan in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	12.8%	27.5%	49.8%	29.2%

Source: SHEV.io

In 2018–2021, the United States (36.0% of imports in value terms), Argentina (26.6%), and Russia (14.1%) continued to dominate the list of suppliers to Azerbaijan, jointly accounting for 76.6% of total import value.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Azerbaijan in value, 2018-2021

Source: SHEV.io