Price for Aluminium Waste and Scrap in Azerbaijan - 2023

Contents:

1. Price for Aluminium Waste and Scrap in Azerbaijan (FOB) - 2022
2. Price for Aluminium Waste and Scrap in Azerbaijan (CIF) - 2022
3. Exports of Aluminium Waste and Scrap in Azerbaijan
4. Imports of Aluminium Waste and Scrap in Azerbaijan

Price for Aluminium Waste and Scrap in Azerbaijan (FOB) - 2022

In 2022, the average aluminium waste and scrap export price amounted to $911 per ton, declining by -17.4% against the previous year. In general, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 49%. The export price peaked at $2,093 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($946 per ton), while the average price for exports to Iran stood at $825 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (-5.2%).

Price for Aluminium Waste and Scrap in Azerbaijan (CIF) - 2022

In 2022, the average aluminium waste and scrap import price amounted to $1,596 per ton, with a decrease of -9.3% against the previous year. In general, the import price, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 212% against the previous year. The import price peaked at $1,760 per ton in 2021, and then contracted in the following year.

As there is only one major supplying country, the average price level is determined by prices for Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +16.6% per year.

Exports of Aluminium Waste and Scrap in Azerbaijan

In 2022, aluminium waste and scrap exports from Azerbaijan declined dramatically to 514 tons, falling by -35.2% compared with the previous year's figure. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,700% against the previous year. As a result, the exports attained the peak of 793 tons, and then shrank rapidly in the following year.

In value terms, aluminium waste and scrap exports contracted rapidly to $468K in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,338% against the previous year. As a result, the exports attained the peak of $875K, and then fell notably in the following year.

Top Export Markets for Aluminium Waste and Scrap from Azerbaijan in 2022:

1. Turkey (365.3 tons)
2. Iran (148.5 tons)

Imports of Aluminium Waste and Scrap in Azerbaijan

In 2022, after three years of growth, there was significant decline in purchases abroad of aluminium waste and scraps, when their volume decreased by -13.1% to 330 tons. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 157%.

In value terms, aluminium waste and scrap imports fell significantly to $527K in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 332% against the previous year.

Top Suppliers of Aluminium Waste and Scrap to Azerbaijan in 2022:

1. Georgia (330.0 tons)

Source: IndexBox Market Intelligence Platform