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

Contents:

1. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Azerbaijan (CIF) - 2024
2. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Azerbaijan (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Azerbaijan
4. Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Azerbaijan

Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Azerbaijan (CIF) - 2024

In March 2024, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $3,995 per ton, falling by -10.9% against the previous month. In general, the import price saw a perceptible descent. The pace of growth was the most pronounced in February 2024 an increase of 123% against the previous month. Over the period under review, average import prices attained the peak figure at $9,494 per ton in April 2023; however, from May 2023 to March 2024, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In March 2024, the country with the highest price was Turkey ($3,680 per ton), while the price for China totaled $3,292 per ton.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Turkey (-1.9%).

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

The average export price for iron or steel cast fittings, other than of non-malleable cast ira stood at $43,012 per ton in 2022, reducing by -56.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 601% against the previous year. As a result, the export price attained the peak level of $99,899 per ton, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($46,558 per ton), while the average price for exports to Georgia totaled $16,225 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+28.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

After three years of growth, supplies from abroad of iron or steel cast fittings, other than of non-malleable cast ira decreased by -3.7% to 327 tons in 2022. The total import volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira skyrocketed to $1.5M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. Imports peaked in 2022 and are likely to continue growth in years to come.

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

1. China (228.5 tons)
2. Turkey (74.6 tons)
3. United Kingdom (4.6 tons)

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

After two years of decline, overseas shipments of iron or steel cast fittings, other than of non-malleable cast ira increased by 2,965% to 2.1 tons in 2022. Over the period under review, exports showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira skyrocketed to $91K in 2022. Overall, exports saw a significant increase. 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, Other than of Non-Malleable Cast Iron from Azerbaijan in 2022:

1. United Kingdom (1850.0 kg)
2. Georgia (258.0 kg)

Source: IndexBox Market Intelligence Platform