Price for Moulding Boxes; for Metal Foundry in Azerbaijan - 2023
Contents:
- Price for Moulding Boxes; for Metal Foundry in Azerbaijan (CIF) - 2022
- Imports of Moulding Boxes; for Metal Foundry in Azerbaijan
Price for Moulding Boxes; for Metal Foundry in Azerbaijan (CIF) - 2022
In 2022, the average import price for moulding boxes; for metal foundries amounted to $1,689 per ton, falling by -50.2% against the previous year. In general, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 103%. Over the period under review, average import prices hit record highs at $4,627 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Turkey ($2,641 per ton), while the price for Iran ($1,341 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Moulding Boxes; for Metal Foundry in Azerbaijan
In 2022, approx. 9.2 tons of moulding boxes; for metal foundries were imported into Azerbaijan; picking up by 47% compared with the year before. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 483% against the previous year. As a result, imports reached the peak of 22 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, moulding boxes; for metal foundry imports reduced rapidly to $16K in 2022. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 265% against the previous year. As a result, imports attained the peak of $46K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Moulding Boxes; for Metal Foundry in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 15.9 | 5.2 | 9.0 | 57.6% |
| Iran | 2.2 | 11.4 | 1.1 | 6.0 | 39.7% |
| Turkey | 0.3 | 8.2 | 2.6 | 0.6 | 26.0% |
| United Kingdom | 5.9 | 7.4 | 10.6 | N/A | 34.0% |
| Italy | 0.8 | 3.0 | 1.6 | N/A | 41.4% |
| Others | 1.2 | 0.5 | 0.2 | N/A | -59.2% |
| Total | 12.7 | 46.4 | 21.2 | 15.6 | 7.1% |
Top Suppliers of Moulding Boxes; for Metal Foundry to Azerbaijan in 2022:
- Iran (4.5 tons)
- China (4.5 tons)
- Turkey (0.2 tons)
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