Wheat bran, sharps and residues market in Azerbaijan

Earlier Report Observations

The wheat bran market in Azerbaijan displayed notable volatility in volume between 2018 and 2023. After rising from 199 thousand tons to a peak of 225 thousand tons in 2020, the market contracted sharply over the next two years, falling to 146 thousand tons in 2022. A strong rebound followed in 2023, with volume recovering to 193 thousand tons.

In value terms, the market followed a similar pattern but with less severe declines. Market value increased from 23.8 million dollars in 2018 to 30.2 million dollars in 2020, experienced a modest dip in 2021 and 2022, and then climbed to its highest point of 33.1 million dollars in 2023.

The overall period ended with the market volume nearly returning to its 2019 level, while the market value settled significantly higher, suggesting a shift in underlying pricing or product composition during the recovery phase.

Production wheat bran, sharps and residues in Azerbaijan

In kind, 2018-2021, K t

Top producers of wheat bran, sharps and residues, 2018-2021

World map of production of wheat bran, sharps and residues, 2018-2021

Azerbaijan's production of wheat bran, sharps, and residues declined after two years of growth. In 2021, the country produced 217.8 thousand tons, marking a modest decrease of 5.9% compared to 2020. Looking at the broader period from 2018 to 2021, production fell by 2.3%, which translates to an average annual decline of 0.8%. The highest output was recorded in 2020 at 231.3 thousand tons, while the largest year-on-year increase occurred in 2019, with a rise of 3.1%.

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

In value, 2018-2021, K $ US

Azerbaijan's production value for wheat bran, sharps, and residues increased for the third consecutive year. In 2021, the output was valued at 33 308 thousand US dollars, representing a 7.7% increase from 2020. Over the period from 2018 to 2021, production value grew by 25.3%, averaging an annual growth rate of 7.8%.

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

Exports wheat bran, sharps and residues from Azerbaijan

Exports in kind, t

The export market for wheat bran, sharps, and residues showed significant volatility during the observed period. Exports peaked in 2018 and hit their lowest point in 2020, with a 4.1-fold difference between these years. In 2021, Azerbaijan exported 22 833 tons, a dramatic increase of 284.3% compared to the previous year. The smallest export volume was recorded in 2020 at 5 942 tons, while the largest decline occurred in 2019, with a drop of 62.5%.

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

From 2018 to 2021, Georgia and Iraq together accounted for 83.3% of Azerbaijan's total exports of wheat bran, sharps, and residues in volume terms. The remaining share was distributed among other destinations, each contributing smaller amounts.

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 export market in value terms displayed considerable volatility over the period. Exports reached their highest point in 2021 and their lowest in 2020, with a 4.4-fold gap between these years. In 2021, Azerbaijan's exports were valued at 3 492 thousand US dollars, reflecting a sharp rise of 339.6% from 2020. The minimum value was recorded in 2020 at 794 thousand US dollars, and the largest decline took place in 2019, with a decrease of 61.1%.

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

Between 2018 and 2021, Georgia and Iraq dominated Azerbaijan's export value for wheat bran, sharps, and residues. Georgia accounted for 55.4% of total exports, while Iraq contributed 28.1%, together making up 83.5% of the total. Other partners accounted for the remaining share.

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

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

Imports wheat bran, sharps and residues to Azerbaijan

Imports in kind, t

Import volumes for wheat bran, sharps, and residues experienced notable fluctuations during the period. Imports reached their highest level in 2018 and their lowest in 2019, with a 55-fold difference between these years. In 2021, Azerbaijan imported 15 tons, down by 83.0% year-over-year. The smallest import volume was recorded in 2019 at 12 tons, which also saw the largest decline of 98.2%. In contrast, the largest increase occurred in 2020, with a surge of 636.3%.

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

From 2018 to 2021, Russia was the leading supplier of wheat bran, sharps, and residues to Azerbaijan, accounting for 79.7% of total imports in volume terms.

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

The import market in value terms showed an unstable trend throughout the timeframe. Imports peaked in 2018 and fell to their lowest point in 2019, with a 5.3-fold difference. In 2021, Azerbaijan imported approximately 28 thousand US dollars worth of wheat bran, sharps, and residues, down by 26.8% from the previous year. The minimum value was recorded in 2019 at 23 thousand US dollars, which also experienced the largest decline of 81.2%. The largest increase was in 2020, with a rise of 62.1%.

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

Throughout 2018 to 2021, Russia dominated Azerbaijan's import value for wheat bran, sharps, and residues, holding an 88.8% share of total imports. Other markets had relatively smaller contributions.

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

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