Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Azerbaijan - 2024

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Azerbaijan (CIF) - 2022
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Azerbaijan (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Azerbaijan
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Azerbaijan

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Azerbaijan (CIF) - 2022

The average import price for tube or pipe fittings of non-malleable cast iron stood at $16,795 per ton in 2022, increasing by 236% against the previous year. Over the period under review, the import price recorded a strong increase. Over the period under review, average import prices hit record highs at $25,332 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($158,913 per ton), while the price for China ($2,710 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Azerbaijan (FOB) - 2022

The average export price for tube or pipe fittings of non-malleable cast iron stood at $6,993 per ton in 2022, which is down by -37.3% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 792% against the previous year. The export price peaked at $164,260 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($9,036 per ton), while the average price for exports to Belgium ($631 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 the Netherlands (-1.6%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Azerbaijan

In 2022, the amount of tube or pipe fittings of non-malleable cast iron imported into Azerbaijan soared to 180 tons, rising by 39% compared with 2021. Over the period under review, imports showed a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year. As a result, imports reached the peak of 279 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tube or pipe fittings of non-malleable cast iron surged to $3M in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Azerbaijan in 2022:

1. China (108.1 tons)
2. Turkey (27.6 tons)
3. South Korea (10.6 tons)
4. Sweden (8.4 tons)
5. Germany (8.0 tons)
6. Russia (7.7 tons)
7. United States (3.3 tons)
8. Italy (0.1 tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Azerbaijan

In 2022, the amount of tube or pipe fittings of non-malleable cast iron exported from Azerbaijan surged to 5.6 tons, growing by 300% compared with the previous year. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 519% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of tube or pipe fittings of non-malleable cast iron surged to $39K in 2022. Overall, exports enjoyed a modest expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Azerbaijan in 2022:

1. Russia (4.1 tons)
2. Belgium (1.1 tons)
3. United States (0.2 tons)

Source: IndexBox Market Intelligence Platform