Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Azerbaijan - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Azerbaijan (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Azerbaijan (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Azerbaijan
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Azerbaijan
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Azerbaijan (CIF) - 2022
In 2022, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $5,344 per ton, with a decrease of -20.5% against the previous year. In general, the import price, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2015 an increase of 103%. The import price peaked at $15,154 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($10,351 per ton), while the price for Turkey amounted to $1,470 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.1%).
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Azerbaijan (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $152,936 per ton, which is down by -29.6% against the previous year. In general, the export price, however, saw pronounced growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 121% against the previous year. Over the period under review, the average export prices attained the peak figure at $217,385 per ton in 2021, and then contracted rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($166,391 per ton), while the average price for exports to the United Arab Emirates ($5,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+80.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Azerbaijan
For the fourth year in a row, Azerbaijan recorded growth in purchases abroad of iron or steel; non-threaded cotters and cotter-pinses, which increased by 46% to 192 tons in 2022. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 72% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses surged to $1M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 67.9 | 100 | 190 | 258 | 56.0% |
| China | 40.9 | 56.5 | 54.1 | 91.0 | 30.5% |
| Others | 474 | 454 | 641 | 676 | 12.6% |
| Total | 583 | 610 | 885 | 1,025 | 20.7% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Azerbaijan in 2022:
- Turkey (175.6 tons)
- China (8.8 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Azerbaijan
In 2022, shipments abroad of iron or steel; non-threaded cotters and cotter-pinses was finally on the rise to reach 485 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses skyrocketed to $74K in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.4 | 0.1 | 0.1 | 71.9 | 464.4% |
| Russia | 0.3 | N/A | 0.1 | 0.5 | 18.6% |
| United Arab Emirates | N/A | N/A | N/A | 0.1 | 0% |
| Uzbekistan | N/A | N/A | N/A | 0.1 | 0% |
| United States | 5.6 | 4.2 | 0.6 | N/A | -67.3% |
| Saudi Arabia | 2.1 | N/A | 0.4 | N/A | -56.4% |
| Turkey | 0.3 | N/A | N/A | N/A | 0% |
| Canada | 2.0 | N/A | N/A | N/A | 0% |
| Others | 1.0 | 5.4 | 4.5 | 1.7 | 19.3% |
| Total | 11.7 | 9.7 | 5.7 | 74.2 | 85.1% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Azerbaijan in 2022:
- United Kingdom (432.0 kg)
- Russia (16.0 kg)
- United Arab Emirates (10.0 kg)
- Uzbekistan (10.0 kg)
- United States (1.0 kg)
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