Azerbaijan: Aluminium And Titanium Market 2024

Aluminium And Titanium Market Size in Azerbaijan

In 2023, the Azerbaijani aluminium and titanium market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Aluminium and titanium consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Aluminium And Titanium Production in Azerbaijan

In value terms, aluminium and titanium production shrank significantly to $X in 2023 estimated in export price. In general, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Aluminium And Titanium Exports

Exports from Azerbaijan

In 2023, aluminium and titanium exports from Azerbaijan contracted significantly to X tons, declining by X% on the previous year's figure. In general, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, aluminium and titanium exports dropped dramatically to $X in 2023. Over the period under review, exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell remarkably in the following year.

Exports by Country

Turkey (X tons) was the main destination for aluminium and titanium exports from Azerbaijan, accounting for a X% share of total exports. Moreover, aluminium and titanium exports to Turkey exceeded the volume sent to the second major destination, Japan (X tons), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Uzbekistan (X% per year).

In value terms, Turkey ($X) remains the key foreign market for aluminium and titanium exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2023, the average aluminium and titanium export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, enjoyed noticeable growth. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then contracted in the following year.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium And Titanium Imports

Imports into Azerbaijan

In 2023, overseas purchases of aluminium and titanium decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2022, and then fell markedly in the following year.

In value terms, aluminium and titanium imports declined remarkably to $X in 2023. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

Russia (X tons), Iran (X tons) and Tajikistan (X tons) were the main suppliers of aluminium and titanium imports to Azerbaijan, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium and titanium suppliers to Azerbaijan were Russia ($X), Iran ($X) and Tajikistan ($X), together accounting for X% of total imports.

Among the main suppliers, Iran, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium and titanium import price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform