Key Market Indicators
Armenian bread exports are projected to rise to approximately $1.28 million by 2028, up from $1.15 million in 2023. This marks an average annual growth rate of 1.7%. Despite this growth, since 2004, the country's bread supply has remained essentially unchanged, recording a negligible year-on-year decline of 0%. Conversely, Armenian bread imports are set to reach around $29.6 million by 2028, increasing from $24.9 million in 2023. This represents an average annual growth rate of 2.7%. Since 2002, there has been a notable rise in the country's demand for imported bread, with a yearly increase of 3.7%. These figures underscore the contrasting trends in Armenia's bread market, highlighting a steady import growth against a static export supply.
