Azerbaijan - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Alloys Price in Azerbaijan - 2023
Contents:
- Ferro-Alloys Price in Azerbaijan (FOB) - 2022
- Ferro-Alloys Price in Azerbaijan (CIF) - 2022
- Ferro-Alloys Exports in Azerbaijan
- Ferro-Alloys Imports in Azerbaijan
Ferro-Alloys Price in Azerbaijan (FOB) - 2022
The average ferro-alloys export price stood at $1,378 per ton in 2022, almost unchanged from the previous year. In general, the export price posted a notable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,272 per ton), while the average price for exports to Turkey ($910 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys Price in Azerbaijan (CIF) - 2022
In 2022, the average ferro-alloys import price amounted to $1,888 per ton, picking up by 14% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-alloys import price increased by +71.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 50%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Russia ($3,547 per ton), while the price for Georgia ($1,804 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys Exports in Azerbaijan
In 2022, ferro-alloys exports from Azerbaijan shrank to 15K tons, waning by -12.5% against the previous year's figure. Over the period under review, exports saw a abrupt curtailment.
In value terms, ferro-alloys exports dropped to $21M in 2022. Overall, exports showed a abrupt decrease.
| Export of Ferro-Alloys in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Italy | 1.7 | 4.9 | 188.2% | ||
| Poland | 0.1 | 1.3 | 1200.0% | ||
| Germany | 3.7 | 0.9 | -75.7% | ||
| Netherlands | 1.4 | 0.7 | -50.0% | ||
| Romania | N/A | 0.5 | 0% | ||
| Georgia | 2.3 | 0.5 | -78.3% | ||
| United States | 1.1 | 0.3 | -72.7% | ||
| France | N/A | 0.2 | 0% | ||
| Ukraine | 0.5 | 0.1 | -80.0% | ||
| Turkey | 3.9 | 0.1 | -97.4% | ||
| Czech Republic | 0.3 | 0.1 | -66.7% | ||
| Russia | 0.5 | N/A | 0% | ||
| Switzerland | 0.8 | N/A | 0% | ||
| Others | 7.1 | 11.0 | 54.9% | ||
| Total | 23.3 | 20.6 | -11.6% | ||
Top Export Markets for Ferro-Alloys from Azerbaijan in 2022:
- Switzerland (undefinedK tons)
- Italy (3.0K tons)
- Poland (0.9K tons)
- Germany (0.8K tons)
- Netherlands (0.7K tons)
- Georgia (0.4K tons)
- Romania (0.3K tons)
- France (0.2K tons)
- Ukraine (0.1K tons)
- Turkey (0.1K tons)
- Czech Republic (0.1K tons)
- United States (0.1K tons)
Ferro-Alloys Imports in Azerbaijan
For the fourth year in a row, Azerbaijan recorded growth in overseas purchases of ferro-alloys, which increased by 15% to 7.7K tons in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, ferro-alloys imports skyrocketed to $15M in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 95% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Ferro-Alloys in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 4.5 | 5.1 | 10.1 | 13.0 | 42.4% |
| Turkey | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Ukraine | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Others | 0.3 | 0.4 | 0.8 | 0.6 | 26.0% |
| Total | 4.9 | 5.7 | 11.1 | 14.6 | 43.9% |
Top Suppliers of Ferro-Alloys to Azerbaijan in 2022:
- Georgia (7.2K tons)
- Turkey (0.2K tons)
- Ukraine (0.2K tons)
This report provides an in-depth analysis of the ferro-alloys market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
399
This report provides an in-depth analysis of the ferro-alloys market in Azerbaijan.
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2433
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167
China dominates the world market for ferro-alloys, importing a staggering $9.8 billion worth of these alloys in 2022. The United States, Japan, Indonesia, Germany, the Netherlands, Italy, South Korea, Turkey, and India are also major importers of ferro-alloys, driven by their respective manufacturing sectors and domestic consumption.
2597
The conflict between Russia and Ukraine has had a significant impact on the ferroalloy industry. The main producing regions of ferroalloys are located in Eastern Europe, which has been affected by the conflict.
1702
Throughout January-September 2021, global ferroalloy trade totalled $11.8B, increasing by +36% compared to the same period last year. This spike was caused by growing prices, as imports in physical terms remained nearly unchanged against the previous year’s figures. China tops the ferroalloy importer ranking with 29% of the total value, followed by Japan and the U.S. The average ferroalloy import price in September 2021 was estimated at $2.5 per kg, a 56%-increase compared to those of September 2020.
2405
The global trade in ferro-alloys amounted to X million USD in 2015, fluctuating wildly over the period under review. A plunge in 2009 was followed by recovery over the next two years, until exports decreased again. Exports continued falling for th
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Ferrosilicon consumption is expected to continue rising due to the further growth of solar energy.
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In value terms, ferro-chromium exports totaled $9B in 2018. Over the period under review, the total exports indicated a tangible increase from 2007 to 2018: its value increased at an average annual rate of +1.2% over the last eleven years.
