Price for Copper; Refined, Unwrought, Wire-Bars in Azerbaijan - 2022
Contents:
- Price for Copper; Refined, Unwrought, Wire-Bars in Azerbaijan (FOB) - 2021
- Price for Copper; Refined, Unwrought, Wire-Bars in Azerbaijan (CIF) - 2022
- Exports of Copper; Refined, Unwrought, Wire-Bars in Azerbaijan
- Imports of Copper; Refined, Unwrought, Wire-Bars in Azerbaijan
Price for Copper; Refined, Unwrought, Wire-Bars in Azerbaijan (FOB) - 2021
The average copper; refined, unwrought, wire-bars export price stood at $8,400 per ton in February 2021, increasing by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.6%. The most prominent rate of growth was recorded in July 2020 when the average export price increased by 14% against the previous month. Over the period under review, the average export prices attained the peak figure in February 2021.
Average prices varied noticeably for the major external markets. In February 2021, the country with the highest price was Turkey ($8,520 per ton), while the average price for exports to Hong Kong SAR stood at $7,800 per ton.
From February 2020 to February 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+4.6%).
Price for Copper; Refined, Unwrought, Wire-Bars in Azerbaijan (CIF) - 2022
In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $51,800 per ton, growing by 65% against the previous year. In general, the import price showed a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2016 to 2022, the rate of growth in terms of prices for Turkey amounted to +33.7% per year.
Exports of Copper; Refined, Unwrought, Wire-Bars in Azerbaijan
In 2022, the amount of copper; refined, unwrought, wire-barses exported from Azerbaijan skyrocketed to 511 tons, growing by 78% compared with 2021. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 296%. As a result, the exports attained the peak of 735 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, copper; refined, unwrought, wire-bars exports surged to $3.5M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 360% against the previous year. As a result, the exports attained the peak of $4.7M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Copper; Refined, Unwrought, Wire-Bars in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1.0 | 2.6 | 1.8 | 3.5 | 51.8% |
| Hong Kong SAR | N/A | 2.1 | 0.5 | N/A | -76.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 4.7 | 2.3 | 3.5 | 51.8% |
Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Azerbaijan in 2022:
- Turkey (511.3 tons)
Imports of Copper; Refined, Unwrought, Wire-Bars in Azerbaijan
Copper; refined, unwrought, wire-bars imports into Azerbaijan dropped rapidly to 10 kg in 2022, which is down by -69.7% on the previous year. In general, imports faced a precipitous decline.
In value terms, copper; refined, unwrought, wire-bars imports dropped dramatically to $518 in 2022. Overall, imports showed a significant curtailment.
| Import of Copper; Refined, Unwrought, Wire-Bars in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Turkey | 1,035 | 518 | -50.0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 1,035 | 518 | -50.0% | ||
Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to Azerbaijan in 2022:
- Turkey (10.0 kg)
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