Price for Aluminium; Alloys, Hollow Profiles in Azerbaijan - 2023
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in Azerbaijan (CIF) - 2023
- Price for Aluminium; Alloys, Hollow Profiles in Azerbaijan (FOB) - 2023
- Imports of Aluminium; Alloys, Hollow Profiles in Azerbaijan
- Exports of Aluminium; Alloys, Hollow Profiles in Azerbaijan
Price for Aluminium; Alloys, Hollow Profiles in Azerbaijan (CIF) - 2023
In June 2023, the average aluminium; alloys, hollow profiles import price amounted to $3,564 per ton, reducing by -18.9% against the previous month. In general, the import price showed a slight decline. The pace of growth appeared the most rapid in April 2023 an increase of 38% against the previous month. The import price peaked at $5,363 per ton in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Turkey ($3,522 per ton), while the price for China amounted to $3,519 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (-1.6%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium; Alloys, Hollow Profiles in Azerbaijan (FOB) - 2023
The average aluminium; alloys, hollow profiles export price stood at $3,281 per ton in June 2023, growing by 7.8% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 18% m-o-m. The export price peaked at $3,640 per ton in February 2023; however, from March 2023 to June 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In June 2023, the highest price was recorded for prices to Kazakhstan ($3,558 per ton) and Ukraine ($3,240 per ton), while the average price for exports to Uzbekistan ($2,700 per ton) and Poland ($3,240 per ton) were amongst the lowest.
From June 2022 to June 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 mixed trend patterns.
Imports of Aluminium; Alloys, Hollow Profiles in Azerbaijan
In 2022, aluminium; alloys, hollow profiles imports into Azerbaijan fell rapidly to 1.3K tons, which is down by -16.1% against 2021 figures. Overall, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, imports reached the peak of 1.6K tons, and then shrank dramatically in the following year.
In value terms, aluminium; alloys, hollow profiles imports amounted to $5.9M in 2022. In general, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Aluminium; Alloys, Hollow Profiles in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 4.9 | 2.9 | 4.7 | 5.3 | 2.7% |
| Uzbekistan | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.6 | 0.7 | 0.8 | 0.3 | -20.6% |
| Total | 5.5 | 3.6 | 5.5 | 5.9 | 2.4% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to Azerbaijan in 2022:
- Turkey (1211.3 tons)
- Uzbekistan (48.1 tons)
Exports of Aluminium; Alloys, Hollow Profiles in Azerbaijan
For the fourth consecutive year, Azerbaijan recorded growth in shipments abroad of aluminium; alloys, hollow profileses, which increased by 113% to 472 tons in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,362%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, aluminium; alloys, hollow profiles exports skyrocketed to $1.6M in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 1,204% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Aluminium; Alloys, Hollow Profiles in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | N/A | 48.7 | 420 | 759 | 294.8% |
| Kazakhstan | N/A | 1.4 | 178 | 417 | 1625.9% |
| Ukraine | N/A | 70.1 | N/A | 233 | 82.3% |
| Turkey | N/A | N/A | 12.8 | 149 | 1064.1% |
| Russia | N/A | 109 | 72.3 | 14.0 | -64.2% |
| Others | 17.7 | 2.2 | N/A | 2.4 | -48.6% |
| Total | 17.7 | 231 | 683 | 1,575 | 346.4% |
Top Export Markets for Aluminium; Alloys, Hollow Profiles from Azerbaijan in 2022:
- Uzbekistan (259.7 tons)
- Kazakhstan (96.8 tons)
- Ukraine (63.0 tons)
- Turkey (48.6 tons)
- Russia (3.2 tons)
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