Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Azerbaijan - 2024

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Azerbaijan (CIF) - 2022
2. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Azerbaijan

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Azerbaijan (CIF) - 2022

In 2022, the average import price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $2,834 per ton, surging by 20% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for alloy steel flat-rolled products, of a width of less than 600mms decreased by -19.5% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 104%. Over the period under review, average import prices reached the peak figure at $3,518 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($5,636 per ton), while the price for China ($1,953 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Azerbaijan

In 2022, imports of alloy steel flat-rolled products, of a width of less than 600mms into Azerbaijan contracted rapidly to 51 tons, which is down by -46.5% on 2021. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,337% against the previous year. As a result, imports reached the peak of 96 tons, and then dropped dramatically in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms reduced notably to $145K in 2022. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 864%. As a result, imports attained the peak of $226K, and then dropped significantly in the following year.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to Azerbaijan in 2022:

1. Russia (22.2 tons)
2. Turkey (15.0 tons)
3. China (12.3 tons)
4. Germany (1.7 tons)

Source: IndexBox Market Intelligence Platform