Azerbaijan - Iron Or Steel Springs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Spiral or Discs Spring in Azerbaijan - 2023
Contents:
- Price for Metal Spiral or Discs Spring in Azerbaijan (CIF) - 2022
- Price for Metal Spiral or Discs Spring in Azerbaijan (FOB) - 2022
- Imports of Metal Spiral or Discs Spring in Azerbaijan
- Exports of Metal Spiral or Discs Spring in Azerbaijan
Price for Metal Spiral or Discs Spring in Azerbaijan (CIF) - 2022
The average import price for iron or steel flat spiral or discs springs stood at $7,170 per ton in 2022, declining by -13.4% against the previous year. Overall, the import price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 212%. As a result, import price attained the peak level of $18,227 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($66,117 per ton), while the price for Russia ($2,489 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Metal Spiral or Discs Spring in Azerbaijan (FOB) - 2022
The average export price for iron or steel flat spiral or discs springs stood at $53,794 per ton in 2022, leveling off at the previous year. Overall, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 82% against the previous year. The export price peaked at $137,571 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($277,885 per ton), while the average price for exports to Malaysia ($21,333 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 Norway (+49.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Metal Spiral or Discs Spring in Azerbaijan
After two years of decline, purchases abroad of iron or steel flat spiral or discs springs increased by 45% to 135 tons in 2022. In general, imports, however, continue to indicate a abrupt contraction.
In value terms, metal spiral or discs spring imports skyrocketed to $969K in 2022. The total import value increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32%. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Metal Spiral or Discs Spring in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 284 | 109 | 90.5 | 173 | -15.2% |
United States | 100 | 32.6 | 76.3 | 151 | 14.7% |
China | 87.0 | 69.7 | 63.7 | 128 | 13.7% |
United Kingdom | 44.9 | 9.4 | 25.2 | 71.3 | 16.7% |
Germany | 40.5 | 189 | 50.8 | 63.0 | 15.9% |
Russia | 11.3 | 175 | 27.3 | 45.0 | 58.5% |
South Korea | 16.7 | 9.5 | 9.1 | 19.1 | 4.6% |
Others | 110 | 324 | 430 | 318 | 42.5% |
Total | 694 | 919 | 773 | 969 | 11.8% |
Top Suppliers of Metal Spiral or Discs Spring to Azerbaijan in 2022:
- China (50.9 tons)
- Turkey (38.8 tons)
- Russia (18.1 tons)
- Germany (9.1 tons)
- United Kingdom (5.1 tons)
- South Korea (2.5 tons)
- United States (2.3 tons)
Exports of Metal Spiral or Discs Spring in Azerbaijan
In 2022, the amount of iron or steel flat spiral or discs springs exported from Azerbaijan skyrocketed to 584 kg, increasing by 323% on 2021 figures. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, metal spiral or discs spring exports skyrocketed to $31K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Metal Spiral or Discs Spring in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 6.1 | 1.3 | 5.1 | 22.8 | 55.2% |
Norway | N/A | 0.1 | N/A | 4.0 | 532.5% |
Belgium | N/A | N/A | N/A | 3.8 | 0% |
Russia | N/A | N/A | 1.2 | 0.5 | -58.3% |
Denmark | N/A | N/A | 0.8 | N/A | 0% |
Saudi Arabia | 9.7 | 0.1 | N/A | N/A | -99.0% |
Others | 0.5 | 0.9 | 0.3 | 0.4 | -7.2% |
Total | 16.4 | 2.4 | 7.4 | 31.4 | 24.2% |
Top Export Markets for Metal Spiral or Discs Spring from Azerbaijan in 2022:
- United Kingdom (411.0 kg)
- Belgium (146.0 kg)
- Norway (14.0 kg)
- Russia (6.0 kg)
This report provides an in-depth analysis of the market for metal spiral or discs spring 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 25931653 - Iron or steel flat spiral springs
- Prodcom 25931655 - Iron or steel discs springs
- Prodcom 25931660 - Iron or steel springs (excluding leaf-springs and leaves therefor, helical springs, flat spiral springs, discs springs)
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
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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
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