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Azerbaijan - Hot-Rolled Wire Rods in Coils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Wire Rod in Coils in Azerbaijan - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Azerbaijan (CIF) - 2023
- Price for Hot-Rolled Wire Rod in Coils in Azerbaijan (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Azerbaijan
- Exports of Hot-Rolled Wire Rod in Coils in Azerbaijan
Price for Hot-Rolled Wire Rod in Coils in Azerbaijan (CIF) - 2023
In December 2023, the average import price for hot-rolled wire rods in coils amounted to $662 per ton, remaining constant against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 13% m-o-m. Over the period under review, average import prices attained the peak figure at $677 per ton in May 2023; however, from June 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Iran ($755 per ton), while the price for Russia stood at $619 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Russia (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hot-Rolled Wire Rod in Coils in Azerbaijan (FOB) - 2022
In 2022, the average export price for hot-rolled wire rods in coils amounted to $767 per ton, increasing by 12% against the previous year. Overall, the export price, however, continues to indicate a pronounced descent. The growth pace was the most rapid in 2021 an increase of 49% against the previous year. The export price peaked at $1,121 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($807 per ton), while the average price for exports to Georgia ($701 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+26.4%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Wire Rod in Coils in Azerbaijan
In 2022, purchases abroad of hot-rolled wire rods in coils increased by 41% to 36K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt decline.
In value terms, hot-rolled wire rod in coils imports soared to $28M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% 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 +49.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Hot-Rolled Wire Rod in Coils in Azerbaijan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 19.2 | 18.2 | 13.3 | 15.5 | -6.9% |
Iran | 2.5 | N/A | 3.0 | 8.6 | 51.0% |
Turkey | 0.2 | 0.5 | 3.2 | 3.0 | 146.6% |
Belarus | N/A | N/A | N/A | 0.9 | 0% |
Others | 0.1 | N/A | 0.3 | 0.1 | 0.0% |
Total | 22.0 | 18.8 | 19.7 | 28.1 | 8.5% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Azerbaijan in 2022:
- Russia (21.4K tons)
- Iran (10.9K tons)
- Turkey (2.1K tons)
- Belarus (1.5K tons)
Exports of Hot-Rolled Wire Rod in Coils in Azerbaijan
Hot-rolled wire rod in coils exports from Azerbaijan surged to 9.3K tons in 2022, picking up by 42% on the previous year's figure. Overall, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 446% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, hot-rolled wire rod in coils exports soared to $7.1M in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 713%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Hot-Rolled Wire Rod in Coils in Azerbaijan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | N/A | N/A | 3.3 | 6.5 | 97.0% |
Lebanon | N/A | N/A | 0.1 | 0.6 | 500.0% |
Georgia | 1.0 | 0.5 | 1.1 | N/A | 4.9% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1.0 | 0.6 | 4.5 | 7.1 | 92.2% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Azerbaijan in 2022:
- Turkey (8.5K tons)
- Lebanon (0.7K tons)
- Georgia (0.1K tons)
This report provides an in-depth analysis of the market for hot-rolled wire rod in coils in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
- Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for hot-rolled wire rod in coils in Azerbaijan.
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