Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Azerbaijan - 2023

Contents:

1. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Azerbaijan (CIF) - 2022
2. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Azerbaijan (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Azerbaijan
4. Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Azerbaijan

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Azerbaijan (CIF) - 2022

The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $394 per ton in 2022, increasing by 5.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 54% against the previous year. The import price peaked at $396 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -0.0% per year.

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Azerbaijan (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $298 per ton, flattening at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 165% against the previous year. Over the period under review, the average export prices hit record highs at $1,200 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($400 per ton), while the average price for exports to Turkey ($130 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+16.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Azerbaijan

In 2022, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Azerbaijan soared to 22K tons, picking up by 1,041% compared with the year before. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels surged to $8.7M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Azerbaijan in 2022:

1. Kazakhstan (21.8K tons)

Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Azerbaijan

After two years of decline, overseas shipments of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by 0% to 2.2K tons in 2022. Over the period under review, exports posted a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $646K in 2022. Overall, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Azerbaijan in 2022:

1. Kazakhstan (1350.6 tons)
2. Iran (571.1 tons)
3. Turkey (242.7 tons)