Azerbaijan’s coffee export value is projected to reach a record high of $6 billion in 2024, according to industry analysts. This anticipated milestone represents a significant increase from the country’s coffee exports in 2022, which were valued at just $10.7k[2].
The growth in coffee exports is being driven by several factors, including expanding production capacity, diversification of export markets, and strong global demand for Azerbaijani coffee. The country has been investing in modernizing its coffee processing facilities and introducing new high-yielding coffee varieties to boost output[2].
Azerbaijan has also been actively seeking to expand its coffee export markets beyond its traditional partners. In 2022, the fastest growing export destinations for Azerbaijani coffee were Hong Kong, Ukraine, and Czechia[2]. This diversification strategy has helped mitigate the impact of potential disruptions in individual markets and opened up new opportunities for growth.
The projected $6 billion in coffee export value for 2024 underscores Azerbaijan’s emergence as a significant player in the global coffee trade. As the country continues to invest in its coffee sector and explore new markets, its coffee exports are poised to make an increasingly important contribution to its overall agricultural exports and economic growth.
Citations:
[1] https://directorstalk.net/palm-oil-rises-on-strong-exports
[2] https://oec.world/en/profile/bilateral-product/coffee/reporter/aze
[3] https://www.freshplaza.com/asia/article/9615092/hazelnut-exports-from-azerbaijan-at-22-4-million-in-first-two-months-of-2024/
[4] https://www.statista.com/outlook/emo/beverages/hot-drinks/coffee/azerbaijan
[5] https://www.statista.com/outlook/cmo/hot-drinks/coffee/azerbaijan