Price for Chain; Articulated Link, Roller, of Iron or Steel in Azerbaijan - 2023

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in Azerbaijan (CIF) - 2023
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in Azerbaijan (FOB) - 2022
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in Azerbaijan
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in Azerbaijan

Price for Chain; Articulated Link, Roller, of Iron or Steel in Azerbaijan (CIF) - 2023

In November 2023, the average import price for chain; articulated link, roller, of iron or steel amounted to $12,461 per ton, rising by 14% against the previous month. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in May 2023 when the average import price increased by 308% m-o-m. The import price peaked at $26,669 per ton in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was South Korea ($13,950 per ton), while the price for Turkey ($10,454 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced a decline.

Price for Chain; Articulated Link, Roller, of Iron or Steel in Azerbaijan (FOB) - 2022

In 2022, the average export price for chain; articulated link, roller, of iron or steel amounted to $68,923 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded significant growth. The most prominent rate of growth was recorded in 2020 a decrease of 99.9%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($157,429 per ton), while the average price for exports to Russia totaled $36,316 per ton.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in Azerbaijan

In 2022, overseas purchases of chain; articulated link, roller, of iron or steel were finally on the rise to reach 77 tons after two years of decline. Overall, imports, however, recorded a drastic downturn.

In value terms, imports of chain; articulated link, roller, of iron or steel skyrocketed to $590K in 2022. In general, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +4.8% 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 +56.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 33%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Azerbaijan in 2022:

1. China (46.5 tons)
2. Russia (14.8 tons)
3. South Korea (3.7 tons)
4. Turkey (3.1 tons)
5. Germany (1.8 tons)
6. Ukraine (1.7 tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in Azerbaijan

In 2022, shipments abroad of chain; articulated link, roller, of iron or steel decreased by 0% to 26 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a sharp contraction. The smallest decline of 99.9% was in 2020.

In value terms, exports of chain; articulated link, roller, of iron or steel amounted to $1.8K in 2022. In general, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Azerbaijan in 2022:

1. Russia (19.0 kg)
2. Spain (7.0 kg)

Source: IndexBox Market Intelligence Platform