Retail volume sales of edible oils will slowdown in the forecast period as prices remain elevated. Edible oils are staples in Azerbaijan and the saturation of the category means that major shifts only happen in the case of economic shocks.
The soaring price of edible oil should theoretically stimulate local production in Azerbaijan, but in 2022 local production actually decreased. Leading domestic producers of edible oils, such as Baku Yag & Gida Senaye, have been negatively impacted by the reduction of raw materials.
Sunflower oil is set to increase its dominance in edible oils in Azerbaijan over the forecast period as the most affordable option when cooking. Corn oil will see lower retail volume growth relative to sunflower oil due to its higher pricing policy.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Azerbaijan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Edible Oils industry in Azerbaijan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of olive oil and vegetable and seed oil (which comprises of corn oil, palm oil, rapeseed oil, soy oil, sunflower oil, and other edible oil). Please note blended oil that contain over 50% of one type of oil are categorised in that category, e.g. blended oil with 60% soy oil is categorised in soy oil; whereas blended oils with less than 50% of a specific type of oil are categorised in other edible oil. Includes: Pre-packaged edible oils products purchased by consumers through legally established retail channels. Excludes: Unpackaged/bulk oils, i.e. instances where consumers bring an empty container or plastic bag to be (re)filled with cooking oil. Example: Minyak curah in Indonesia.See All of Our Definitions
This report originates from Passport, our Edible Oils research and analysis database.
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