Price for Steel, Stainless; Ingots and Other Primary Forms in Azerbaijan - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Azerbaijan (FOB) - 2023
- Price for Steel, Stainless; Ingots and Other Primary Forms in Azerbaijan (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Azerbaijan
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Azerbaijan
Price for Steel, Stainless; Ingots and Other Primary Forms in Azerbaijan (FOB) - 2023
In November 2023, the average export price for steel, stainless; ingots and other primary formses amounted to $1,191 per ton, rising by 6.3% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 47% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,836 per ton in February 2023; however, from March 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Latvia ($2,118 per ton), while the average price for exports to Turkey ($1,100 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+1.2%), while the prices for the other major destinations experienced a decline.
Price for Steel, Stainless; Ingots and Other Primary Forms in Azerbaijan (CIF) - 2022
In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $4,359 per ton, flattening at the previous year. Overall, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 1,067% against the previous year. As a result, import price attained the peak level of $39,590 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for the UK amounted to -42.5% per year.
Exports of Steel, Stainless; Ingots and Other Primary Forms in Azerbaijan
Exports of steel, stainless; ingots and other primary formses from Azerbaijan shrank to 2.1K tons in 2022, which is down by -14.6% against 2021. In general, total exports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 68%. As a result, the exports reached the peak of 2.5K tons, and then reduced in the following year.
In value terms, exports of steel, stainless; ingots and other primary formses shrank rapidly to $2.9M in 2022. Overall, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 135%. As a result, the exports reached the peak of $3.7M, and then dropped markedly in the following year.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 1,128 | 1,268 | 1,338 | 1,244 | 3.3% |
| Latvia | N/A | N/A | 1,791 | 1,148 | -35.9% |
| Turkey | 421 | 201 | 96.0 | 185 | -24.0% |
| Spain | 43.6 | 123 | 367 | 166 | 56.1% |
| Netherlands | 444 | N/A | N/A | 108 | -37.6% |
| United Kingdom | N/A | N/A | 40.9 | 82.7 | 102.2% |
| Germany | 104 | N/A | 105 | N/A | 0.5% |
| Others | 114 | N/A | N/A | N/A | 0% |
| Total | 2,255 | 1,592 | 3,738 | 2,934 | 9.2% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Azerbaijan in 2022:
- Estonia (1244.4 tons)
- Latvia (445.1 tons)
- Turkey (192.0 tons)
- Spain (124.0 tons)
- Netherlands (64.8 tons)
- United Kingdom (43.5 tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Azerbaijan
Imports of steel, stainless; ingots and other primary formses into Azerbaijan was estimated at 526 kg in 2022, remaining stable against the previous year's figure. Over the period under review, imports continue to indicate significant growth. The smallest decline of 99.9% was in 2021. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of steel, stainless; ingots and other primary formses amounted to $2.3K in 2022. Overall, imports continue to indicate a significant increase. The smallest decline of 99.9% was in 2021. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | N/A | N/A | 2.3 | 0% | |
| Spain | 0.7 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 0.7 | N/A | 2.3 | 81.3% | |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Azerbaijan in 2022:
- China (526.0 kg)
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