Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Azerbaijan - 2024

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Azerbaijan (CIF) - 2022
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Azerbaijan (FOB) - 2022
3. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Azerbaijan
4. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Azerbaijan

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Azerbaijan (CIF) - 2022

In 2022, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $2,783 per ton, leveling off at the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -2.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 40% against the previous year. The import price peaked at $2,847 per ton in 2019; afterwards, it flattened through to 2022.

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 the Netherlands ($11,711 per ton), while the price for Iran ($911 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Azerbaijan (FOB) - 2022

The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $1,200 per ton in 2020, increasing by 100% against the previous year. Overall, the export price showed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2019 to 2020, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Azerbaijan

For the fourth year in a row, Azerbaijan recorded growth in supplies from abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s, which increased by 485% to 76 tons in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s soared to $212K in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Azerbaijan in 2022:

1. Turkey (56.2 tons)
2. China (17.7 tons)

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Azerbaijan

Exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s from Azerbaijan skyrocketed to 22 tons in 2020, increasing by 2,080% compared with the previous year. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s soared to $26K in 2020. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Azerbaijan in 2022:

1. Netherlands (21.8 tons)