Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Azerbaijan - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Azerbaijan (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Azerbaijan (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Azerbaijan
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Azerbaijan
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Azerbaijan (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,272 per ton in 2022, surging by 6.9% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 iron or non-alloy steel wire, plated or coated with non-zinc base metalses increased by +20.3% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by 71%. Over the period under review, average import prices hit record highs at $1,904 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Russia ($4,807 per ton), while the price for Georgia ($532 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Azerbaijan (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $7,706 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2020 a decrease of 99.9%. The export price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2019 to 2022, the rate of growth in terms of prices for South Korea amounted to 0.0% per year.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Azerbaijan
In 2022, the amount of iron or non-alloy steel wire, plated or coated with non-zinc base metalses imported into Azerbaijan surged to 1.5K tons, increasing by 22% on the previous year. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.2% 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 +86.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 52%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses surged to $1.9M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.2% 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 +87.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 391 | 585 | 1,160 | 1,414 | 53.5% |
| Iran | 13.5 | 13.8 | 11.0 | 127 | 111.1% |
| Russia | 30.8 | 21.2 | 88.5 | 118 | 56.5% |
| Czech Republic | 138 | 75.3 | 16.5 | 83.9 | -15.3% |
| Georgia | 10.5 | 106 | 24.5 | 46.2 | 63.9% |
| China | 269 | 382 | 108 | 29.7 | -52.0% |
| Netherlands | 114 | 55.1 | 14.8 | 23.4 | -41.0% |
| Others | 45.4 | 38.1 | 24.0 | 52.6 | 5.0% |
| Total | 1,012 | 1,276 | 1,447 | 1,895 | 23.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Azerbaijan in 2022:
- Turkey (1126.6 tons)
- Iran (152.7 tons)
- Georgia (86.7 tons)
- Czech Republic (43.4 tons)
- Russia (24.6 tons)
- China (23.4 tons)
- Netherlands (14.4 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Azerbaijan
In 2022, shipments abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses decreased by 0% to 545 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $4.2K in 2022. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 4.2 | 0% |
| Romania | 0.8 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.8 | N/A | N/A | 4.2 | 73.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Azerbaijan in 2022:
- South Korea (545.0 kg)
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