Copper; Master Alloys Price in Azerbaijan - 2023

Copper; Master Alloys Price in Azerbaijan (CIF) - 2022

In 2022, the average copper; master alloys import price amounted to $15,200 per ton, increasing by 56% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 an increase of 57% against the previous year. Over the period under review, average import prices attained the peak figure at $29,057 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for South Korea.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -9.7% per year.

Copper; Master Alloys Imports in Azerbaijan

In 2022, approx. 100 kg of copper; master alloyses were imported into Azerbaijan; with an increase of 4.2% against the previous year. In general, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +3.6% 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 +104.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 96% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, copper; master alloys imports skyrocketed to $1.5K in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 167% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.