Market Growth & Sustainability Trends
The global coco coir market is experiencing significant growth, driven by increasing demand for sustainable agricultural practices. Valued at approximately USD 648.3 billion in 2025, the market is projected to reach over USD 1,025 billion by 2034, with a compound annual growth rate (CAGR) of 5.2% . This surge is attributed to coco coir's eco-friendly properties, such as excellent water retention, biodegradability, and its role as a renewable alternative to peat moss. The Asia-Pacific region, particularly countries like India and Sri Lanka, is leading this growth due to abundant coconut production and increasing adoption of sustainable farming methods.
Import Dynamics and Production Insights
Import Dynamics: Increased Imports: To address domestic shortages, Azerbaijan has increased tomato imports, particularly from Turkmenistan. Between January and April 2024, the country imported 548 tons of tomatoes from Turkmenistan at an average price of $0.56 per kilogram .Hortidaily Production Insights: Cultivation and Yield: The Ministry of Agriculture reported that in the first quarter of 2024, the average export price per kilogram was 2.38 manats, reflecting competitive pricing relative to domestic market rates. Additionally, the country has dedicated 18,000 hectares to tomato cultivation, yielding over 800,000 tons annually .The International Trade Council+1fructidor.com+1
Why It’s a Good Business in Azerbaijan
Climate Advantages Azerbaijan has regions with mild winters and sunny days, especially in areas like Ganja, Lankaran, and the Absheron Peninsula — ideal for greenhouse farming. Government Support The government offers subsidies, tax benefits, and grants for agricultural projects, including greenhouse construction and technology. Export Potential Demand for vegetables (especially tomatoes, cucumbers, peppers) is high in neighboring countries (Russia, Georgia, etc.). Azerbaijan exports a significant portion of its greenhouse produce. Year-Round Production With greenhouse technology, you can grow crops like tomatoes, cucumbers, herbs, and strawberries year-round, increasing income stability. Growing Local Market The population is increasingly demanding fresh, organic, and local produce. Greenhouses can meet this need consistently.