Key Market Indicators
Wheat consumption in Azerbaijan is forecast to reach 1.9 million metric tons by 2026, a 0.4% annual growth rate from 1.86 million metric tons in 2021. From 2017 to 2021, the country’s wheat demand rose at a rate of 0.1% per year. In 2021, Australia led the rankings at 1.86 million metric tons, followed by India, the United States and Pakistan. Azerbaijani wheat production is expected to reach 2.39 million metric tons by 2026, a 1.7% annual growth rate from 2.16 million metric tons in 2021. Since 1997, the country’s wheat supply has grown 3.8% annually. In 2021, Latvia ranked first with 2.16 million metric tons, followed by India, Russia and the United States.
