Market research

Virgin olive oil and fractions market in Azerbaijan

$Virgin olive oil and fractions market in Azerbaijan$

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 market for virgin olive oil in Azerbaijan expanded significantly from 2018 to 2021, with total volume rising from 885 t to 1 336 t. This growth was supported by a steady increase in domestic production, which reached 1 137 t, and consistent imports that supplemented supply.

After 2021, the market volume adjusted to 1 306 t in 2022 and then declined to 1 165 t in 2023. This contraction occurred alongside a complete halt in imports and a reduction in domestic output from its previous peak.

In 2024, Azerbaijan took a notable step toward international market integration by initiating the process to join the International Olive Council, aiming to align local production with global standards and practices.

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, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    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, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Azerbaijan by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Azerbaijan in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Azerbaijan by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  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, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Azerbaijan by countries, 2018-2024, $ 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, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Azerbaijan by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Azerbaijan in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Azerbaijan by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  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, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Azerbaijan by countries, 2018-2024, $ 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, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Azerbaijan by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Azerbaijan in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Azerbaijan by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  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, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Azerbaijan by countries, 2018-2024, $ 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, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Azerbaijan by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Azerbaijan in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Azerbaijan by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  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, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Azerbaijan by countries, 2018-2024, $ 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, 2018-2024
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 virgin olive oil and fractions in Azerbaijan

In kind, 2017-2020, t

From 2017 to 2020, Azerbaijan ranked 24th globally in the production of virgin olive oil and fractions.

Top producers of virgin olive oil and fractions, 2017-2020

Source: SHEV.io

World map of production of virgin olive oil and fractions, 2017-2020

Source: SHEV.io

In 2020, Azerbaijan produced 1,014 tonnes of virgin olive oil and fractions, marking a 3.9% decrease from 2019. Over the 2017-2020 period, production fell by 31.6%, with an average annual decline of 11.9%. The lowest production level was recorded in 2018 at 795 tonnes, which saw the largest drop of 46.3%. In contrast, 2019 experienced the biggest increase at 32.7%.

Annual dynamics of production in Azerbaijan in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(46.3%)	32.7%	(3.9%)	(11.9%)

Source: SHEV.io

Exports virgin olive oil and fractions from Azerbaijan

Market research indicates that Azerbaijan did not export any virgin olive oil and fractions between 2017 and 2020.

Imports virgin olive oil and fractions to Azerbaijan

Imports in kind, t

Imports of virgin olive oil and fractions into Azerbaijan grew for the third year in a row. In 2020, imports reached 197.9 tonnes, a sharp rise of 34.6% compared to 2019. From 2017 to 2020, imports surged by 188%, translating to an average annual growth rate of 42.3%.

Annual dynamics of product's imports to Azerbaijan in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	30.6%	63.7%	34.6%	42.3%

Source: SHEV.io

From 2017 to 2020, Turkey, Spain, and Italy were the main suppliers of virgin olive oil and fractions to Azerbaijan, accounting for 33.1%, 28.0%, and 25.0% of imports in kind, respectively. Together, these three countries made up 86.1% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Azerbaijan in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Azerbaijan's import value of virgin olive oil and fractions increased for the third consecutive year. In 2020, imports totaled {value_last_year} thousand US dollars, reflecting a significant jump of 33.7% from the previous year. Between 2017 and 2020, import value grew by 154.2%, equivalent to an average annual rate of 36.5%.

Annual dynamics of product's imports to Azerbaijan in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	55.3%	22.4%	33.7%	36.5%

Source: SHEV.io

From 2017 to 2020, Italy, Spain, and Turkey were the top sources for Azerbaijan's imports of virgin olive oil and fractions in value terms, with shares of 31.6%, 30.5%, and 28.8%, respectively. Combined, these three countries represented 90.8% of total import value.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Azerbaijan in value, 2017-2020

Source: SHEV.io