What is the price of licorice roots per kilogram/pound in Azerbaijan today?
The retail price range for Azerbaijan licorice roots is between US$ 0.58 and US$ 5.00 per kilogram or between US$ 0.26 and US$ 2.27 per pound(lb). Click here to see today's exact prices of licorice roots in Azerbaijan
The retail price range in Azerbaijan Manat for licorice roots is between AZN 0.98 and AZN 8.51 per kilogram or between AZN 0.45 and AZN 3.86 per pound(lb) in Baku and Ganja.
Wholesale prices
In 2025, the approximate wholesale price range for Azerbaijan licorice roots is between US$ 0.40 and US$ 3.50 per kilogram or between US$ 0.18 and US$ 1.59 per pound(lb).
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Azerbaijan Licorice Roots Export Prices - Historical, Trends and Prediction
The export price of Licorice roots from Azerbaijan has seen a steady decline over the last five years. In 2013, the price was 29.00 US$ per kg, but by 2021, it had dropped to 10.15 US$ per kg. This represents a decrease of 65.3% over the period. In 2016, the price was 11.91 US$ per kg, and in 2017, it decreased to 9.72 US$ per kg. The price then dropped further to 7.97 US$ per kg in 2018 and 7.09 US$ per kg in 2019. The lowest price was recorded in 2020, at 6.92 US$ per kg, before increasing slightly to 10.15 US$ per kg in 2021. Based on this trend, it is predicted that the export price of Licorice roots from Azerbaijan will be 6.45 US$ per kg in 2023 and 6.00 US$ per kg in 2024.Azerbaijan Licorice Roots Import Prices - Historical, Trends and Prediction
The import price per kilogram of Licorice roots into Azerbaijan has seen a steady decline over the past five years. In 2013, the price was at a high of $29.00, but by 2021, it had dropped to $10.15. This represents a decrease of 65.2% over the period. The most significant drop was between 2015 and 2016, when the price fell from $15.64 to $11.91, a decrease of 24.2%. The price has been relatively stable since then, with a slight decrease from $7.97 in 2018 to $7.09 in 2019, and then a slight increase to $6.92 in 2020. Based on the data, it is likely that the price of Licorice roots will continue to decrease in the coming years. We predict that the price in 2023 will be around $6.50, and in 2024 it will be around $6.00.Export values for Azerbaijan licorice roots
The total values in export for licorice roots in Azerbaijan were US$ 1,405, US$ 1,147, US$ 1,060 and US$ 1,156 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in Azerbaijan: Seed Potatoes, Potatoes, Cassava, Sweet Potatoes, Yams, Taro (Arrowroot), Ginseng roots, Chicory roots & Cocoyam.
See prices of licorice roots in other countries across Asia: Kazakhstan licorice roots, Kyrgyzstan licorice roots, Tajikistan licorice roots, Turkmenistan licorice roots, Uzbekistan licorice roots, China licorice roots, Hong Kong licorice roots, Macao licorice roots, North Korea licorice roots & Mongolia licorice roots.
Azerbaijan licorice roots - Production, Exports, Imports, Seasons and HS Codes
In 2019 Azerbaijan sold 163 tonnes of licorice roots. Across 2019 alone, the market for Azerbaijan licorice roots (tubers category) has increased, flactuating by 22.556 per cent compared to the year 2018. Between 2017 and 2019, licorice roots' exports went up by 38.14 pc earning the nation US$1.16m for the year 2019. Azerbaijan's licorice roots exports are classified as:
- Extracts of liquorice (excluding that with a sucrose content by weight of > 10% or in the form of confectionery) (HS code 130212)
- Liquorice roots, fresh or dried, whether or not cut, crushed or powdered (HS code 121110)
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Azerbaijan licorice roots export values
In 2019, Azerbaijan exported licorice roots worth 1.16m USD, an increase of 9.43% from 2018's total licorice roots export of 1.06m USD. The yearly increase in value of Azerbaijan licorice roots between 2017 to 2018 was -7.585 percent.
The annual change in the amount of Azerbaijan's licorice roots exports between 2017 and 2019 was 38.14 pc in comparison to a variation of 22.556% in the period between 2018 and 2019.
Export markets for Azerbaijan licorice roots ( in '000$ )
Azerbaijan brought in 1 tonnes of licorice roots in 2019.