Price for Steel, Stainless; Angles, Shapes and Sections in Azerbaijan - 2024
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Azerbaijan (CIF) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Azerbaijan
Price for Steel, Stainless; Angles, Shapes and Sections in Azerbaijan (CIF) - 2022
The average import price for steel, stainless stood at $3,036 per ton in 2022, waning by -22.2% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 140%. Over the period under review, average import prices reached the maximum at $3,903 per ton in 2021, and then declined notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($44,869 per ton), while the price for China ($1,149 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+33.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Azerbaijan
In 2022, imports of steel, stainless into Azerbaijan fell rapidly to 43 tons, declining by -16.5% against the previous year's figure. Overall, imports, however, continue to indicate noticeable growth. The pace of growth was the most pronounced in 2021 with an increase of 235%. As a result, imports attained the peak of 52 tons, and then fell sharply in the following year.
In value terms, imports of steel, stainless shrank remarkably to $131K in 2022. In general, imports, however, saw a moderate increase. The growth pace was the most rapid in 2021 with an increase of 241% against the previous year. As a result, imports attained the peak of $194K, and then shrank notably in the following year.
| Import of Steel, Stainless; Angles, Shapes and Sections in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 40.6 | 12.1 | 87.6 | 43.4 | 2.2% |
| China | 1.7 | 2.6 | 19.6 | 23.8 | 141.0% |
| United Arab Emirates | 4.9 | 2.9 | 3.5 | 15.8 | 47.7% |
| India | 29.9 | 11.4 | 7.5 | 12.3 | -25.6% |
| United Kingdom | 11.4 | 4.6 | 10.4 | 6.9 | -15.4% |
| Sweden | 3.3 | 5.0 | 34.3 | 5.7 | 20.0% |
| Russia | 3.1 | 2.6 | 5.4 | 4.1 | 9.8% |
| Finland | 2.0 | 1.3 | 1.9 | 1.0 | -20.6% |
| Belgium | 3.9 | 2.4 | 2.7 | 1.0 | -36.5% |
| Others | 20.3 | 12.2 | 21.3 | 16.5 | -6.7% |
| Total | 121 | 57.1 | 194 | 131 | 2.7% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Azerbaijan in 2022:
- China (20.7 tons)
- Turkey (13.1 tons)
- India (2.8 tons)
- Russia (2.2 tons)
- United Arab Emirates (1.0 tons)
- Finland (0.7 tons)
- Sweden (0.6 tons)
- Belgium (0.3 tons)
- United Kingdom (0.2 tons)
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