The geopolitical tensions observed in the world in recent days do not go unnoticed in their impact on the economic relations of the region's countries. Thus, in this context, it is reported that there have been increases in the prices of some food products due to increased demand in the market on the eve of the upcoming holiday season. Particularly noteworthy issues include whether there have been changes in the prices of fruits and vegetables, dried fruits, and other food products imported into Azerbaijan from Iran, as well as the extent to which the current geopolitical situation's real effects are felt in the market.
In a statement to Modern.az regarding the topic, Akif Nəsirli, Chairman of the Center of Liberal Economists, stated that a certain increase in the prices of some products imported from Iran is observed against the backdrop of existing geopolitical tensions.
“This increase is mainly attributed to rising logistics costs, higher prices in the domestic market, and export restrictions. The high food inflation in Iran itself also affects the cost price of imported products, and consequently, prices in the Azerbaijani market can also rise to some extent.”
According to him, price increases on the eve of holidays are considered characteristic of the market:
“Due to increased demand, a short-term price hike may be observed for some products. Particularly, the increased demand for products such as vegetables, fruits, and dried fruits is one of the main factors affecting prices. Alongside this, sufficient supply and the availability of alternative import sources can partially prevent a sharp increase in prices.”
A. Nəsirli reminded that Iran is one of Azerbaijan's main trade partners for food products:
“According to statistical data, our country primarily imports vegetables (cabbage, carrots, eggplants), fruits and dried fruits, garlic, dates, some dairy products, fish, and other agricultural products from Iran. Iran's share is quite high for some products. For example, 93 percent of imported cabbage, 98 percent of carrots, 95 percent of eggplants, and 75 percent of dates are brought from Iran.”
He also added that price increases are more noticeable in the group of seasonal vegetables, some fruits, and dried fruits:
“Regarding dried fruits imported from Iran to Azerbaijan, a certain upward price trend may be observed in the market. The reasons for this include increased demand, rising production and transportation costs, as well as price increases in the Iranian market. However, price changes may vary depending on the type of product, season, and import volumes. Overall, a more gradual and limited price increase is observed in the market rather than a sharp and long-term price hike,” A. Nəsirli noted.
