Meat imports - Azerbaijan recorded a decline in supply volumes

Published 2020년 12월 28일

Tridge summary

Azerbaijan's meat imports in the first ten months of 2020 were down by 13.5% compared to the same period in 2019, but the import bill rose by 2.8% due to higher prices paid to foreign suppliers. The average price of imported meat increased by 19%, but this did not significantly impact consumer prices, thanks to an increase in local meat production by 3.1%. Azerbaijan has the potential to further cover its meat demand through local production, especially with the liberation of additional territories.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the period January-October 2020, meat imports to Azerbaijan amounted to 36.163 thousand tonnes, which is 13.5 percent (5.623 thousand tonnes) less than in the same period in 2019, the State Customs Committee of the Republic of Azerbaijan (SCC) reported. However, imported meat was paid $ 65.962 million in the ten months of this year, 2.8 percent more than in the same period last year. The main factor behind the increase in the prices of food products on the Azerbaijani consumer market was the import of meat, and more precisely, much higher prices paid to foreign suppliers. Thus, the cost of one kilogram of meat imported to Azerbaijan increased on average from $ 1.53 in the first ten months of 2019 to $ 1.82 in January-October 2020. This is an increase of 19 percent. However, such a clear increase in the prices of imported meat this year did not cause "prickly" prices of meat and meat products on the consumer market. Thus, according to the State Statistics Committee of the ...
Source: SwiatRolnika

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