Oil seeds and oleaginous fruits market in Azerbaijan

Earlier Report Observations

From 2018 to 2023, the market volume for oil seeds and oleaginous fruits in Azerbaijan showed moderate fluctuations. After a stable period in 2018-2019 with volumes around 21 300 t, the market expanded by over 5% in 2020 to reach 22 347 t. This was followed by a contraction of 3.4% in 2021, bringing the volume down to 21 598 t. The market then entered a phase of gradual recovery, growing by 0.7% in 2022 and 1.7% in 2023, ending at 22 131 t.

The slight market growth in 2022 was supported by developments in agricultural technology and global demand trends. International companies like Corteva Agriscience, BASF, and MS Technologies collaborated on developing new soybean varieties with nematode resistance, which could enhance seed quality and availability for Azerbaijani producers through import and technology transfer. Simultaneously, Syngenta's introduction of pelletized seed technology aimed at improving seed size and uniformity offered potential yield benefits. Additionally, rising global demand for high-oil-content oilseeds encouraged investments in production and import, contributing to market stability and modest expansion.

By 2023, the market had recovered from the 2021 dip, continuing its upward trajectory. The overall increase from 2022 to 2023 reflected sustained interest in oilseed cultivation and consumption, albeit at a measured pace.

Production oil seeds and oleaginous fruits in Azerbaijan

In kind, 2018-2021, t

Top producers of oil seeds and oleaginous fruits, 2018-2021

World map of production of oil seeds and oleaginous fruits, 2018-2021

In Azerbaijan, oil seeds and oleaginous fruits production reached 21 618 tonnes in 2021, representing a 3.2% decrease compared to the previous year. The lowest production level was recorded in 2019 at 21 219 tonnes, while the highest occurred in 2020 with 22 342 tonnes. The most significant year-over-year growth was observed in 2020, when production increased by 5.3%.

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

Exports oil seeds and oleaginous fruits from Azerbaijan

Exports in kind, t

Azerbaijan's exports of oil seeds and oleaginous fruits have grown for the second consecutive year. In 2021, exports reached 132.8 tonnes, marking a 38.3% increase compared to 2020. Over the three-year period from 2019 to 2021, exports surged by 369.7%, translating to a compound annual growth rate of 67.5%.

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

From 2018 to 2021, Germany served as the primary and nearly exclusive market for Azerbaijan's oil seeds and oleaginous fruits exports in physical terms, accounting for 93.2% of total export volumes.

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

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

Exports in value, K $ US

Azerbaijan's export revenues from oil seeds and oleaginous fruits have risen for the second year in a row. In 2021, exports totaled 232.8 thousand US dollars, reflecting a 27.6% increase over 2020. Between 2019 and 2021, export values grew by 1 216.6%, equivalent to an annualized growth rate of 136.1%.

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

During the 2018–2021 period, Germany dominated Azerbaijan's oil seeds and oleaginous fruits exports in value terms, capturing 99.5% of total export revenues.

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

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

Imports oil seeds and oleaginous fruits to Azerbaijan

Imports in kind, t

Azerbaijan's imports of oil seeds and oleaginous fruits have increased for the third consecutive year. In 2021, imports amounted to 112.7 tonnes, showing a robust 11.6% growth compared to the previous year. Over the four-year span from 2018 to 2021, imports expanded by 920%, with a compound annual growth rate of 116.9%.

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

Between 2018 and 2021, Ukraine and China were the main sources of oil seeds and oleaginous fruits imports to Azerbaijan in physical terms, while other markets individually played a lesser role.

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

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

Imports in value, K $ US

Azerbaijan's import expenditures on oil seeds and oleaginous fruits have grown for the third year running. In 2021, imports reached 434.5 thousand US dollars, indicating a 61.4% year-over-year increase. From 2018 to 2021, import values rose by 1 184.1%, corresponding to a compound annual growth rate of 134.2%.

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

From 2018 to 2021, Ukraine, China, and Turkey were the leading sources of oil seeds and oleaginous fruits imports to Azerbaijan in value terms. Ukraine accounted for 44.0% of import value, China for 32.2%, and Turkey for 5.1%, together comprising 81.3% of total import flows.

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

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