Timeline.azMarketing, HR and business services
Research

2026 in review

Rising and falling players in every sector, key numbers and sources.

Interim results: January–September 2026. Final results will be published in Q1 2027.

Food and beverages

Reports →
Global ice cream market 2026: key figures
Market size (Reuters, December 2025)87 bn $Estimates range from 80.9 to 105.8 bn $
Magnum's global share21%Froneri — about 11%
Magnum, organic growth, H1 20264.7%analysts expected 3.4%
Cocoa futures5,582 $/t▼ −12%22.10.2026, year on year; peak: 12,906 $/t (December 2024)
FAO Dairy Price Index119.1 points▼ −19.1%September 2026, year on year
FAO Sugar Price Index114.0 points▲ +14.7%September 2026, year on year; highest since April 2025
Sources: Reuters (Kuwait Times), 08.12.2025, Magnum, H1 2026 (SEC 6-K), Reuters (WHBL), 30.07.2026, Trading Economics, FAO Food Price Index, 02.10.2026 · Data as of: 22.10.2026 · Table and CSV
Raw materials 2026: what got cheaper, what got dearerYear-on-year change. Red — higher costs for an ice cream maker, green — lower costs · %
Skimmed milk powder(FAO, September)Skimmed milk powder (FAO, September): +33.1%▲ +33.1%Sugar (FAO index, September)Sugar (FAO index, September): +14.7%▲ +14.7%All food (FAO index, September)All food (FAO index, September): +5.8%▲ +5.8%Cocoa futures (22 October)Cocoa futures (22 October): −12.0%▼ −12.0%Dairy (FAO index, September)Dairy (FAO index, September): −19.1%▼ −19.1%
Skimmed milkpowder…Skimmed milk powder (FAO, September): +33.1%▲ +33.1%Sugar(FAO index, Sept…Sugar (FAO index, September): +14.7%▲ +14.7%All food(FAO index, Sept…All food (FAO index, September): +5.8%▲ +5.8%Cocoa futures(22 October)Cocoa futures (22 October): −12.0%▼ −12.0%Dairy(FAO index, Sept…Dairy (FAO index, September): −19.1%▼ −19.1%
Sources: FAO Food Price Index, 02.10.2026, Trading Economics · Data as of: 22.10.2026 · Table and CSV
2026: who is growing, who is falling behindYear-on-year change, latest published period · %
Kazakhstan, production (H1)Kazakhstan, production (H1): +47.4%▲ +47.4%Lotte India, ice cream sales(H1)Lotte India, ice cream sales (H1): +29.0%▲ +29.0%Yili, cold products (H1)Yili, cold products (H1): +10.3%▲ +10.3%Ben & Jerry's (Q2)Ben & Jerry's (Q2): +9.2%▲ +9.2%Magnum, organic growth (H1)Magnum, organic growth (H1): +4.7%▲ +4.7%Russia, production(January–July)Russia, production (January–July): −1.8%▼ −1.8%
Kazakhstan,production (H1)Kazakhstan, production (H1): +47.4%▲ +47.4%Lotte India, icecream sales (H1)Lotte India, ice cream sales (H1): +29.0%▲ +29.0%Yili, coldproducts (H1)Yili, cold products (H1): +10.3%▲ +10.3%Ben & Jerry's(Q2)Ben & Jerry's (Q2): +9.2%▲ +9.2%Magnum, organicgrowth (H1)Magnum, organic growth (H1): +4.7%▲ +4.7%Russia,production…Russia, production (January–July): −1.8%▼ −1.8%
Sources: Kapital.kz, 28.07.2026, The Asia Business Daily, 13.07.2026, Sina Finance, 29.09.2026, Magnum, H1 2026 (SEC 6-K), The Dairy News, 15.09.2026 · Data as of: 29.09.2026 · Table and CSV

Rising 4

Yili
Cold products (ice cream) revenue, H1 2026 · 9.07 bn yuan
▲ +10.3%

The company's fastest-growing core business.

Source: Sina Finance, 29.09.2026 · 27.08.2026
The Magnum Ice Cream Company
Organic sales growth, H1 2026 · 3.4% was expected
▲ +4.7%

Gained market share in all regions. But net profit fell from €464 mn to €349 mn.

Falling 3

Nestlé
Exit from ice cream · remaining business — about CHF 1 bn

In talks to sell its remaining ice cream businesses to Froneri, while staying in the joint venture.

Source: CNN, 19.02.2026 · 19.02.2026
Häagen-Dazs (General Mills)
Sale of its shops in China · 332 shops worldwide (latest annual report)

The brand will continue its retail sales in China. According to an analyst, high-fat ice cream there has passed its peak.

Source: Associated Press, 02.06.2026 · 02.06.2026
Froneri
Sales volume of core brands, 2025 · revenue +3.1% (constant currency)
▼ −0.8%

Revenue is growing while volume is falling — the company is preparing to grow by acquiring Food Union.

Source: Froneri Annual Report 2025 · 31.12.2025
Azerbaijan retail: key figuresChange — in real terms, versus the same period last year
Retail turnover, 202567.6 bn ₼▲ +3.8%2024: 62.2 bn ₼
Turnover, January–August 202644.3 bn ₼▲ +3.9%versus the same period last year
Non-food, January–August 202620.2 bn ₼▲ +6.9%growth about 5 times faster than food
Food, beverages and tobacco, January–August 202624.1 bn ₼▲ +1.4%
Share of enterprises, 202528.4%▲ +1.3 ppthe remaining 71.6% — individual entrepreneurs and markets
Sources: Azstat, Trend (Azstat), 11.09.2026 · Data as of: 11.09.2026 · Table and CSV
Tamstore: from 45 to 100 stores in two yearsNumber of stores
0255075100Oct 2024: 4545Oct 2024Dec 2025: 8686Dec 2025Aug 2026: 100100Aug 2026
0255075100Oct 2024: 4545Oct 2024Dec 2025: 8686Dec 2025Aug 2026: 100100Aug 2026
Sources: Trend, 26.08.2026, FED.az, 07.10.2024, Marja.az, 19.08.2026 · Data as of: 26.08.2026 · Table and CSV

Rising 3

Tamstore
Number of stores · 45 → 100 (Oct 2024 → Aug 2026)
▲ +122%

The 100th store opened in Binagadi on 26 August, reaching the three-year target ahead of schedule. 28 stores are in the regions.

Source: Trend, 26.08.2026 · 26.08.2026
Bravo
Number of stores · 137 → about 150 (Oct 2024 → Apr 2026)
▲ +9%

BRAVO PREMIUM format, the BRAVO ONLINE app and about 200 new private-label products (2025).

Source: FED.az, 22.04.2026 · 22.04.2026
Bazarstore
Regional openings · Beylagan, Ganja (8th), Shaki (3rd)

The 99th store opened in Agdash in January 2025.

Source: Marja.az, 27.04.2026 · 27.04.2026

Falling 2

Grandmart
Number of branches · 32 → 10+ (Oct 2024 → Apr 2026)

The figures come from different sources: read them as a direction, not a precise measurement.

Source: Banker.az, 08.04.2026 · 08.04.2026
Bolmart
Number of branches · 45 → 20+ (Oct 2024 → Oct 2025)

The figures come from different sources: read them as a direction, not a precise measurement.

Source: Qafqazinfo, 27.10.2025 · 27.10.2025

Construction and real estate

Reports →
Construction and real estate 2026: key figuresChange — versus the same period last year
Construction, real change, January–September−8.7%−19.8% in Q1
Investment in fixed capital, January–September14.7 bn ₼▲ +10.9%versus the same period last year
Investment in housing construction, January–September1.22 bn $▼ −3.1%in real terms
Housing prices, Q38.4%year on year; new builds +10.4%, secondary market +8.4%
Mortgages issued by banks, January–August262.9 mn ₼▼ −13.7%versus the same period last year
Construction materials production, January–August1,005.3 mn ₼▲ +9%−4.3% in 2025
Sources: Trend (Azstat), 15.10.2026, APA (Azstat), 10.10.2026, Trend (Azstat), 16.10.2026, Caliber.Az, 30.09.2026, AzerNews, 17.09.2026 · Data as of: 16.10.2026 · Table and CSV
Housing prices: growth slows, new builds leadHousing price index, versus the same quarter last year · %
  • New builds (primary market)
  • Secondary market
8%10%12%14%Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 202610.4%8.4%
8%10%12%14%Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 202610.4%8.4%
Sources: Trend (Azstat), 23.07.2025, CBAR, 11.2025, CBAR, 02.2026, CBAR, 05.2026, CBAR, 08.2026, Trend (Azstat), 16.10.2026 · Data as of: 16.10.2026 · Table and CSV
Construction 2026: what is growing, what is shrinkingVersus the same period last year; in brackets — the period · %
Investment in fixed capital(9 months)Investment in fixed capital (9 months): +10.9%▲ +10.9%MCGF-funded mortgage portfolio(end of June)MCGF-funded mortgage portfolio (end of June): +10.8%▲ +10.8%Construction materialsproduction (8 months)Construction materials production (8 months): +9.0%▲ +9.0%Investment in housingconstruction (9 months)Investment in housing construction (9 months): −3.1%▼ −3.1%Cement production (H1)Cement production (H1): −4.0%▼ −4.0%Construction, value added(9 months)Construction, value added (9 months): −8.7%▼ −8.7%Mortgages issued by banks(8 months)Mortgages issued by banks (8 months): −13.7%▼ −13.7%Rebar production(January–February)Rebar production (January–February): −18.0%▼ −18.0%
Investment infixed capital…Investment in fixed capital (9 months): +10.9%▲ +10.9%MCGF-fundedmortgage…MCGF-funded mortgage portfolio (end of June): +10.8%▲ +10.8%Constructionmaterials…Construction materials production (8 months): +9.0%▲ +9.0%Investment inhousing…Investment in housing construction (9 months): −3.1%▼ −3.1%Cement production(H1)Cement production (H1): −4.0%▼ −4.0%Construction,value added…Construction, value added (9 months): −8.7%▼ −8.7%Mortgages issuedby banks…Mortgages issued by banks (8 months): −13.7%▼ −13.7%Rebar production(January–February)Rebar production (January–February): −18.0%▼ −18.0%
Sources: APA (Azstat), 10.10.2026, Trend (CBAR), 13.10.2026, AzerNews, 17.09.2026, Trend (Azstat), 15.10.2026, Global Cement, 11.08.2026, Caliber.Az, 30.09.2026, Report.az (Azstat), 27.03.2026 · Data as of: 15.10.2026 · Table and CSV
Methodology

Every signal is based on an open source: official statistics, company reports and reliable media. Paid placement does not affect this list.