Key Market Indicators
Azerbaijan's chocolate exports are forecast to drop by 1.2% per year on average, from $4.9 million in 2021 to $4.6 million in 2026. Since 2004, exports have remained unchanged. In 2021, Azerbaijan was ranked 77th in the world, overtaken by the Dominican Republic with exports of $4.9 million. Belgium, Italy and the Netherlands took the top three spots. Meanwhile, imports of chocolate in Azerbaijan are set to rise by 3.3% per year, from $75.2 million in 2021 to $91.6 million in 2026. Since 2001, imports have grown by 10.9% annually. In 2021, Azerbaijan came in 57th in the world, with Serbia ahead with imports of $75.2 million. Germany, France and the UK came in second, third and fourth respectively.
