Price for Chain and Parts Thereof, of Iron or Steel in Azerbaijan - 2024
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Azerbaijan (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Azerbaijan (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Azerbaijan
- Exports of Chain and Parts Thereof, of Iron or Steel in Azerbaijan
Price for Chain and Parts Thereof, of Iron or Steel in Azerbaijan (CIF) - 2022
In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $3,354 per ton, dropping by -48.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 86% against the previous year. The import price peaked at $6,519 per ton in 2021, and then shrank markedly in the following year.
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 Norway ($28,619 per ton), while the price for China ($1,748 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Azerbaijan (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $3,552 per ton in 2022, picking up by 67% against the previous year. Overall, the export price, however, faced a deep slump. The pace of growth appeared the most rapid in 2020 an increase of 323% against the previous year. As a result, the export price reached the peak level of $32,938 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($14,608 per ton), while the average price for exports to Turkmenistan ($852 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 (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chain and Parts Thereof, of Iron or Steel in Azerbaijan
After two years of decline, supplies from abroad of chain and parts thereof, of iron or steel increased by 182% to 1.3K tons in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of chain and parts thereof, of iron or steel soared to $4.8M in 2022. Overall, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,188 | 493 | 683 | 1,686 | 12.4% |
| Norway | 34.9 | 55.9 | 34.7 | 1,115 | 217.3% |
| Turkey | 331 | 282 | 396 | 502 | 14.9% |
| Germany | 395 | 403 | 672 | 399 | 0.3% |
| Sweden | 54.6 | 60.6 | 51.0 | 207 | 55.9% |
| Russia | 148 | 112 | 112 | 88.4 | -15.8% |
| United Kingdom | 410 | 38.6 | 150 | 64.1 | -46.1% |
| Others | 679 | 374 | 730 | 698 | 0.9% |
| Total | 3,242 | 1,820 | 2,828 | 4,759 | 13.6% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Azerbaijan in 2022:
- China (964.9 tons)
- Turkey (123.2 tons)
- Norway (38.9 tons)
- Sweden (36.6 tons)
- Germany (34.6 tons)
- Russia (26.8 tons)
- United Kingdom (5.4 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Azerbaijan
In 2022, exports of chain and parts thereof, of iron or steel from Azerbaijan soared to 60 tons, jumping by 462% against the previous year's figure. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,159% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of chain and parts thereof, of iron or steel soared to $274K in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Chain and Parts Thereof, of Iron or Steel in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.7 | 1.8 | 0.2 | 228 | 588.0% |
| Turkmenistan | N/A | N/A | 9.1 | 36.6 | 302.2% |
| Iran | N/A | N/A | N/A | 2.6 | 0% |
| Norway | 6.1 | 0.2 | 5.5 | N/A | -5.0% |
| Others | 1.8 | 25.8 | 7.3 | 6.6 | 54.2% |
| Total | 8.7 | 27.8 | 22.2 | 274 | 215.8% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Azerbaijan in 2022:
- Turkmenistan (42.9 tons)
- United Kingdom (15.6 tons)
- Iran (0.9 tons)
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