What is the price of black tea per kilogram/pound in Azerbaijan today?
The retail price range for Azerbaijan black tea is between US$ 8.58 and US$ 16.48 per kilogram or between US$ 3.89 and US$ 7.47 per pound(lb). Click here to see today's exact prices of black tea in Azerbaijan
The retail price range in Azerbaijan Manat for black tea is between AZN 14.59 and AZN 28.02 per kilogram or between AZN 6.62 and AZN 12.71 per pound(lb) in Baku and Ganja.
Wholesale prices
In 2024, the approximate wholesale price range for Azerbaijan black tea is between US$ 6.01 and US$ 11.53 per kilogram or between US$ 2.72 and US$ 5.23 per pound(lb).
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Azerbaijan Black Tea Export Prices - Historical, Trends and Prediction
The export price of Black Tea from Azerbaijan has seen a steady increase over the last five years. In 2017, the export price per kilogram was 5.98 US dollars, and this increased to 7.85 US dollars in 2021. This represents an increase of 31.3%. The highest export price was in 2021 at 7.85 US dollars per kilogram, while the lowest was in 2015 at 4.51 US dollars per kilogram. Based on this trend, it is predicted that the export price of Black Tea from Azerbaijan will be 8.63 US dollars per kilogram in 2023 and 9.41 US dollars per kilogram in 2024.The exports of black tea from Azerbaijan are classified as:
- Black fermented tea and partly fermented tea, whether or not flavoured, in immediate packings of > 3 kg (HS code 090240)
- Black fermented tea and partly fermented tea, whether or not flavoured, in immediate packings of <= 3 kg (HS code 090230)
Azerbaijan Black Tea Import Prices - Historical, Trends and Prediction
The import price per kilogram of Black Tea into Azerbaijan has seen a steady increase over the past five years. In 2016, the price was 5.48 US dollars per kg, and by 2021, it had risen to 7.85 US dollars per kg. This represents an increase of 44.3% over the five-year period. The highest price was recorded in 2021, at 7.85 US dollars per kg, while the lowest price was recorded in 2015, at 4.51 US dollars per kg. Based on this trend, it is predicted that the import price per kilogram of Black Tea into Azerbaijan will continue to rise, reaching 8.45 US dollars per kg in 2023 and 8.99 US dollars per kg in 2024.Export values for Azerbaijan black tea
The total values in export for black tea in Azerbaijan were US$ 5,732, US$ 9,619, US$ 8,814 and US$ 9,059 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Azerbaijan: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Yerba mate.
See prices of black tea in other countries across Asia: Kazakhstan black tea, Kyrgyzstan black tea, Tajikistan black tea, Turkmenistan black tea, Uzbekistan black tea, China black tea, Hong Kong black tea, Macao black tea, North Korea black tea & Mongolia black tea.
Azerbaijan black tea - Production, Exports, Imports, Seasons and HS Codes
In 2019 Azerbaijan sold 1,391 tonnes of black tea. For 2019 alone, the market for Azerbaijan black tea (processed category) has improved, flactuating by 10.748 per cent compared to the year 2018. Between 2017 and 2019, black tea's exports decreased by -13.55 pc earning the exporter US$9.06m for the year 2019. Azerbaijan's black tea exports are classified as:
- Black fermented tea and partly fermented tea, whether or not flavoured, in immediate packings of <= 3 kg (HS code 090230)
- Black fermented tea and partly fermented tea, whether or not flavoured, in immediate packings of > 3 kg (HS code 090240)
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Azerbaijan black tea export values
In 2019, Azerbaijan shipped black tea worth 9.06m USD, an increment of 2.79% from 2018's total black tea export of 8.814m USD. The yearly increase in value of Azerbaijan black tea between 2017 to 2018 was -8.369 per cent.
The annual variation in the volume of Azerbaijan's black tea exports between 2017 and 2019 was -13.55 percent when compared to a variation of 10.748% in the growth rate between 2018 and 2019.
Export markets for Azerbaijan black tea ( in '000$ )
Azerbaijan's best performing destinations for black tea are Russia, Georgia, Ukraine, Kazakhstan and Saudi Arabia.
Azerbaijan procured 13,845 tonnes of black tea in 2019.
Production
The production of black tea in Azerbaijan was 1,858 tonnes in 2019 and is projected to change by an average of 6.9%. The country had an estimated 1,262.00 hectares under black tea cultivation.