Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Azerbaijan - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Azerbaijan (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Azerbaijan
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Azerbaijan (CIF) - 2022
The average import price for steel, alloy stood at $2,424 per ton in 2022, rising by 68% against the previous year. In general, import price indicated a buoyant increase from 2015 to 2022: its price increased at an average annual rate of +10.6% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($3,299 per ton), while the price for South Korea ($1,280 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+15.6%).
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Azerbaijan
In 2022, imports of steel, alloy into Azerbaijan skyrocketed to 1.2K tons, picking up by 70% compared with the year before. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy skyrocketed to $2.9M in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,066 | 282 | N/A | 1,440 | 10.5% |
| China | N/A | N/A | N/A | 780 | 0% |
| South Korea | 171 | 1,105 | 1,002 | 642 | 55.4% |
| United States | 178 | 47.8 | N/A | N/A | -73.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,414 | 1,435 | 1,002 | 2,862 | 26.5% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Azerbaijan in 2022:
- South Korea (501.6 tons)
- Russia (436.5 tons)
- China (242.6 tons)
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