Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Azerbaijan - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Azerbaijan (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Azerbaijan (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Azerbaijan
- Exports of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Azerbaijan
Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Azerbaijan (CIF) - 2023
In November 2023, the average import price for iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia amounted to $764 per ton, declining by -3.4% against the previous month. In general, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in July 2023 an increase of 49% m-o-m. Over the period under review, average import prices attained the peak figure at $1,202 per ton in January 2023; however, from February 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($1,089 per ton), while the price for Iran ($708 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Turkey (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Azerbaijan (FOB) - 2022
The average export price for iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia stood at $1,083 per ton in 2022, standing approx. at the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 53% against the previous year. The export price peaked at $2,352 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($5,680 per ton), while the average price for exports to Georgia ($590 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 Kazakhstan (+5.9%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Azerbaijan
In 2022, purchases abroad of iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia was finally on the rise to reach 36K tons after two years of decline. Over the period under review, imports, however, continue to indicate a perceptible decline.
In value terms, imports of iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia soared to $35M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 20.1 | 16.6 | 19.6 | 30.8 | 15.3% |
| Turkey | 6.7 | 7.6 | 3.1 | 2.7 | -26.1% |
| Others | 3.5 | 2.4 | 2.3 | 1.2 | -30.0% |
| Total | 30.3 | 26.6 | 24.9 | 34.7 | 4.6% |
Top Suppliers of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section to Azerbaijan in 2022:
- Russia (32.7K tons)
- Turkey (2.1K tons)
Exports of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Azerbaijan
In 2022, exports of iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia from Azerbaijan declined markedly to 10 tons, falling by -50% compared with the previous year. In general, exports recorded a dramatic contraction.
In value terms, exports of iron or non-alloy steel; tubes and pipes, welded, of circular cross-sectia shrank rapidly to $11K in 2022. Overall, exports continue to indicate a sharp shrinkage.
| Export of Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Iran | 14.1 | 8.0 | -43.3% | ||
| Kazakhstan | 1.1 | 2.3 | 109.1% | ||
| Georgia | 2.0 | 1.0 | -50.0% | ||
| Russia | 5.3 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 22.6 | 11.3 | -50.0% | ||
Top Export Markets for Iron or Non-Alloy Steel; Tubes and Pipes, Welded, of Circular Cross-Section from Azerbaijan in 2022:
- Iran (8.3 tons)
- Georgia (1.7 tons)
- Kazakhstan (0.4 tons)
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