Preserved olives market in Azerbaijan

Earlier Report Observations

The preserved olives market in Azerbaijan demonstrated substantial growth from 2018 to 2023, with volume expanding from 1 994 tons to 4 689 tons. This increase was not uniform, however, as the market experienced a notable surge in 2019, a slight contraction in 2020, and then accelerated growth through 2021 and 2022 before stabilizing in 2023.

Import volumes were the primary component of market size throughout the period, rising from 1 864 tons to 4 547 tons. Domestic production, while increasing from 167 tons to 245 tons, remained a minor contributor. The market's dip in 2020 coincided with a temporary reduction in imports, while the strong growth in 2022 was driven by a sharp rise in import activity.

By 2023, market growth had moderated to 3.1%, with domestic production declining slightly from the previous year. The overall expansion over the six-year period exceeded 135%, reflecting a significant rise in consumption of preserved olives in Azerbaijan.

Production preserved olives in Azerbaijan

In kind, 2018-2021, t

Between 2018 and 2021, Azerbaijan was among the world's leading producers of preserved olives, ranking 27th globally by production volume.

Top producers of preserved olives, 2018-2021

World map of production of preserved olives, 2018-2021

In 2021, Azerbaijan produced 239.4 t of preserved olives, marking a solid 12.1% increase from 2020. Over the period from 2018 to 2021, production grew by 42.9%, which translates to an annualized rate of 12.6%. The largest decline occurred in 2020 at 3.9%, while the most significant increase was in 2019 with a 32.7% rise.

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

Exports preserved olives from Azerbaijan

Exports in kind, t

The data shows irregular changes, pointing to a volatile market environment. Exports bottomed in 2019 and peaked in 2021, with a 5.6-fold difference between these years. In 2021, Azerbaijan exported 111 t of preserved olives, representing an abrupt 53.8% increase from 2020. The minimum value was recorded in 2019 at 20 t. The largest decline was in 2019 at 47.3%, while the largest increase occurred in 2020 with a 265.4% surge.

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

From 2018 to 2021, Russia, Georgia, and Germany were the top destinations for Azerbaijan's preserved olive exports in kind. Russia accounted for 56.5% of exports, Georgia for 11.9%, and Germany for 7.7%, together making up 76.1% of total export flows.

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

The market exhibited an unstable trend throughout this period. Exports reached their lowest point in 2019 and their highest in 2021, varying by 3-fold. In 2021, preserved olive exports from Azerbaijan amounted to 126 K $ US, showing a sharp 39.1% increase over the previous year. The minimum value was in 2019 at 42 K $ US. The largest decline was in 2019 at 31.2%, while the largest increase was in 2020 with a 113.3% rise.

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

Between 2018 and 2021, the leading destinations for Azerbaijan's preserved olive exports in value terms were Russia, Georgia, and Germany. Russia represented 34.8% of exports, Georgia 21.6%, and Germany 11.0%, jointly accounting for 67.4% of total export flows.

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

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

Imports preserved olives to Azerbaijan

Imports in kind, t

In 2021, Azerbaijan's cross-border shipments of preserved olives totaled 3 020 t, which is 21.8% higher year-over-year. From 2018 to 2021, imports increased by 62%, equating to an annualized rate of 17.4%. The largest decline was in 2020 at 7.4%, while the largest increase was in 2019 with a 43.7% growth.

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

During 2018–2021, Turkey and Spain together accounted for 80.0% of Azerbaijan's total imports of preserved olives in kind, with other countries forming a diversified but less significant portion.

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

In 2021, Azerbaijan's preserved olive imports from abroad totaled 4 133 K $ US, representing a 14.6% increase compared to the previous year. Over the period from 2018 to 2021, imports grew by 34.2%, which corresponds to an annualized rate of 10.3%. The largest decline was in 2020 at 9.2%, while the largest increase was in 2019 with a 28.9% rise.

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

Throughout 2018–2021, Turkey and Spain remained the principal sources for Azerbaijan's preserved olive imports in value terms, jointly accounting for 81.3% of total import flows. Other partners each held significantly smaller shares.

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

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