Development potential and prospects of Azerbaijan's food industry
Purpose. This study aims to evaluate the development potential of Azerbaijan’s food industry and identify future growth directions. It investigates the effective utilization of this potential and the prospective development of the industry. Methodology. The research employs statistical and comparat...
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| Format: | Article |
| Language: | English |
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Centre of Sociological Research
2024-05-01
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| Series: | Economics, Management and Sustainability |
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| Online Access: | https://jems.sciview.net/index.php/jems/article/view/208 |
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| author | Shahin Sadikhov |
| author_facet | Shahin Sadikhov |
| author_sort | Shahin Sadikhov |
| collection | DOAJ |
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Purpose. This study aims to evaluate the development potential of Azerbaijan’s food industry and identify future growth directions. It investigates the effective utilization of this potential and the prospective development of the industry. Methodology. The research employs statistical and comparative analysis, logical conclusion, and balance methods. It assesses the state of the food industry, examines leading enterprises in the field, analyzes the raw material base of production, and scrutinizes the structure and volume of local production and import. Results. The study reveals that despite the significant weight of the food industry among processing industry fields in Azerbaijan, most domestic demand for food products is met by imports. It proposes measures to effectively use the development potential of the food industry, including protecting the internal market, solving water supply issues, establishing meat and milk collection centers, and more. Theoretical Contribution. This research contributes to the understanding of the economic development potential of the food industry in Azerbaijan. It provides a comprehensive analysis of the current state of the industry and offers practical recommendations for future growth. Practical Implications. The findings of this study have practical implications for policymakers, researchers and industry stakeholders. They provide a roadmap for enhancing the competitiveness of Azerbaijan’s food industry, reducing import dependence, and promoting sustainable economic development.
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| format | Article |
| id | doaj-art-061d44f128054a28a08d13ccbd2836b2 |
| institution | Kabale University |
| issn | 2520-6303 |
| language | English |
| publishDate | 2024-05-01 |
| publisher | Centre of Sociological Research |
| record_format | Article |
| series | Economics, Management and Sustainability |
| spelling | doaj-art-061d44f128054a28a08d13ccbd2836b22025-01-02T23:27:56ZengCentre of Sociological ResearchEconomics, Management and Sustainability2520-63032024-05-019110.14254/jems.2024.9-1.1Development potential and prospects of Azerbaijan's food industryShahin Sadikhov0Institute of Economics, The Ministry of Science and Education of the Republic of Azerbaijan, str., H. Javid 115, AZ1143, Baku Purpose. This study aims to evaluate the development potential of Azerbaijan’s food industry and identify future growth directions. It investigates the effective utilization of this potential and the prospective development of the industry. Methodology. The research employs statistical and comparative analysis, logical conclusion, and balance methods. It assesses the state of the food industry, examines leading enterprises in the field, analyzes the raw material base of production, and scrutinizes the structure and volume of local production and import. Results. The study reveals that despite the significant weight of the food industry among processing industry fields in Azerbaijan, most domestic demand for food products is met by imports. It proposes measures to effectively use the development potential of the food industry, including protecting the internal market, solving water supply issues, establishing meat and milk collection centers, and more. Theoretical Contribution. This research contributes to the understanding of the economic development potential of the food industry in Azerbaijan. It provides a comprehensive analysis of the current state of the industry and offers practical recommendations for future growth. Practical Implications. The findings of this study have practical implications for policymakers, researchers and industry stakeholders. They provide a roadmap for enhancing the competitiveness of Azerbaijan’s food industry, reducing import dependence, and promoting sustainable economic development. https://jems.sciview.net/index.php/jems/article/view/208sustainable developmentactual useimportexportimport dependencedevelopment potential |
| spellingShingle | Shahin Sadikhov Development potential and prospects of Azerbaijan's food industry Economics, Management and Sustainability sustainable development actual use import export import dependence development potential |
| title | Development potential and prospects of Azerbaijan's food industry |
| title_full | Development potential and prospects of Azerbaijan's food industry |
| title_fullStr | Development potential and prospects of Azerbaijan's food industry |
| title_full_unstemmed | Development potential and prospects of Azerbaijan's food industry |
| title_short | Development potential and prospects of Azerbaijan's food industry |
| title_sort | development potential and prospects of azerbaijan s food industry |
| topic | sustainable development actual use import export import dependence development potential |
| url | https://jems.sciview.net/index.php/jems/article/view/208 |
| work_keys_str_mv | AT shahinsadikhov developmentpotentialandprospectsofazerbaijansfoodindustry |