Price for Steel, Alloy; Angles, Shapes and Sections in Azerbaijan - 2023
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Azerbaijan (CIF) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Azerbaijan
Price for Steel, Alloy; Angles, Shapes and Sections in Azerbaijan (CIF) - 2022
The average import price for steel, alloy; angles, shapes and sectionses stood at $1,784 per ton in 2022, growing by 75% against the previous year. In general, the import price, however, showed a pronounced downturn. The import price peaked at $2,426 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 ($2,701 per ton), while the price for Ukraine ($846 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Steel, Alloy; Angles, Shapes and Sections in Azerbaijan
In 2022, the amount of steel, alloy; angles, shapes and sectionses imported into Azerbaijan shrank significantly to 48 tons, with a decrease of -95.1% against 2021. Overall, imports saw a sharp descent. The smallest decline of -32.1% was in 2021.
In value terms, imports of steel, alloy; angles, shapes and sectionses fell significantly to $77K in 2022. Over the period under review, imports continue to indicate a precipitous shrinkage. The smallest decline of -20.6% was in 2021.
| Import of Steel, Alloy; Angles, Shapes and Sections in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2,180 | 772 | 608 | 60.1 | -69.8% |
| South Korea | 230 | 282 | 242 | 4.2 | -73.7% |
| Ukraine | 52.7 | 45.7 | 43.5 | 3.3 | -60.3% |
| Others | 224 | 165 | 112 | 9.5 | -65.1% |
| Total | 2,687 | 1,266 | 1,005 | 77.1 | -69.4% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Azerbaijan in 2022:
- Russia (38.9 tons)
- Ukraine (3.9 tons)
- South Korea (3.7 tons)
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