Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Azerbaijan - 2024

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Azerbaijan (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Azerbaijan (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Azerbaijan
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Azerbaijan

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Azerbaijan (CIF) - 2022

The average import price for sanitary ware and parts thereof, of iron or steel stood at $3.6 per unit in 2022, rising by 4.5% against the previous year. Over the period under review, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of 105%. As a result, import price reached the peak level of $5.9 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($51 per unit), while the price for Iran ($2.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Azerbaijan (FOB) - 2022

The average export price for sanitary ware and parts thereof, of iron or steel stood at $5.9 per unit in 2022, growing by 34% against the previous year. Overall, the export price saw a resilient expansion. The growth pace was the most rapid in 2020 when the average export price increased by 476% against the previous year. As a result, the export price reached the peak level of $24 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($7 per unit), while the average price for exports to Georgia totaled $3 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-10.0%).

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Azerbaijan

In 2022, the amount of sanitary ware and parts thereof, of iron or steel imported into Azerbaijan dropped markedly to 1.2M units, waning by -17% on 2021. Overall, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.8% 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 +27.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of 1.5M units, and then declined rapidly in the following year.

In value terms, imports of sanitary ware and parts thereof, of iron or steel declined to $4.5M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.0% 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 +53.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. As a result, imports reached the peak of $5.2M, and then dropped in the following year.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Azerbaijan in 2022:

1. China (1062.8K units)
2. Turkey (116.3K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Azerbaijan

In 2022, after two years of decline, there was significant growth in shipments abroad of sanitary ware and parts thereof, of iron or steel, when their volume increased by 356% to 310 units. In general, exports saw 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 sanitary ware and parts thereof, of iron or steel surged to $1.8K in 2022. Over the period under review, exports showed a significant increase. The exports peaked at $4K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Azerbaijan in 2022:

1. Austria (227.0 units)
2. Georgia (83.0 units)

Source: IndexBox Market Intelligence Platform