Price for Copper; Washers, (Including Spring Washers), Not Threaded in Azerbaijan - 2023

Contents:

1. Price for Copper; Washers, (Including Spring Washers), Not Threaded in Azerbaijan (CIF) - 2022
2. Price for Copper; Washers, (Including Spring Washers), Not Threaded in Azerbaijan (FOB) - 2022
3. Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Azerbaijan
4. Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Azerbaijan

Price for Copper; Washers, (Including Spring Washers), Not Threaded in Azerbaijan (CIF) - 2022

The average import price for copper; washers, (including spring washers), not threadeds stood at $99,549 per ton in 2022, jumping by 44% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of 57%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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 ($267,333 per ton), while the price for Thailand ($7,579 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+40.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Washers, (Including Spring Washers), Not Threaded in Azerbaijan (FOB) - 2022

In 2022, the average export price for copper; washers, (including spring washers), not threadeds amounted to $153,154 per ton, increasing by 674% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The export price peaked at $409,750 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($223,000 per ton), while the average price for exports to Kazakhstan ($42,000 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 Russia (+20.9%).

Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Azerbaijan

Imports of copper; washers, (including spring washers), not threadeds into Azerbaijan skyrocketed to 935 kg in 2022, with an increase of 96% on the year before. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 224%. As a result, imports reached the peak of 1.1 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of copper; washers, (including spring washers), not threadeds skyrocketed to $93K in 2022. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 251% against the previous year. As a result, imports attained the peak of $104K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Copper; Washers, (Including Spring Washers), Not Threaded to Azerbaijan in 2022:

1. Italy (241.0 kg)
2. Germany (152.0 kg)
3. China (119.0 kg)
4. Russia (110.0 kg)
5. Iran (100.0 kg)
6. United Kingdom (71.0 kg)
7. Sweden (27.0 kg)
8. Thailand (19.0 kg)
9. Norway (6.0 kg)

Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Azerbaijan

In 2022, shipments abroad of copper; washers, (including spring washers), not threadeds decreased by -67.3% to 52 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 3,080%. As a result, the exports reached the peak of 159 kg, and then dropped significantly in the following year.

In value terms, exports of copper; washers, (including spring washers), not threadeds surged to $8K in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,087%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Copper; Washers, (Including Spring Washers), Not Threaded from Azerbaijan in 2022:

1. Turkey (50.0 kg)
2. Kazakhstan (1.0 kg)
3. France (1.0 kg)

Source: IndexBox Market Intelligence Platform