Price for Hot-Rolled Wire Rod in Coils in Azerbaijan - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Azerbaijan (CIF) - 2023
- Price for Hot-Rolled Wire Rod in Coils in Azerbaijan (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Azerbaijan
- Exports of Hot-Rolled Wire Rod in Coils in Azerbaijan
Price for Hot-Rolled Wire Rod in Coils in Azerbaijan (CIF) - 2023
In December 2023, the average import price for hot-rolled wire rods in coils amounted to $662 per ton, remaining constant against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 13% m-o-m. Over the period under review, average import prices attained the peak figure at $677 per ton in May 2023; however, from June 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Iran ($755 per ton), while the price for Russia stood at $619 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Russia (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hot-Rolled Wire Rod in Coils in Azerbaijan (FOB) - 2022
In 2022, the average export price for hot-rolled wire rods in coils amounted to $767 per ton, increasing by 12% against the previous year. Overall, the export price, however, continues to indicate a pronounced descent. The growth pace was the most rapid in 2021 an increase of 49% against the previous year. The export price peaked at $1,121 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($807 per ton), while the average price for exports to Georgia ($701 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+26.4%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Wire Rod in Coils in Azerbaijan
In 2022, purchases abroad of hot-rolled wire rods in coils increased by 41% to 36K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt decline.
In value terms, hot-rolled wire rod in coils imports soared to $28M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% 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 +49.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hot-Rolled Wire Rod in Coils in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 19.2 | 18.2 | 13.3 | 15.5 | -6.9% |
| Iran | 2.5 | N/A | 3.0 | 8.6 | 51.0% |
| Turkey | 0.2 | 0.5 | 3.2 | 3.0 | 146.6% |
| Belarus | N/A | N/A | N/A | 0.9 | 0% |
| Others | 0.1 | N/A | 0.3 | 0.1 | 0.0% |
| Total | 22.0 | 18.8 | 19.7 | 28.1 | 8.5% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Azerbaijan in 2022:
- Russia (21.4K tons)
- Iran (10.9K tons)
- Turkey (2.1K tons)
- Belarus (1.5K tons)
Exports of Hot-Rolled Wire Rod in Coils in Azerbaijan
Hot-rolled wire rod in coils exports from Azerbaijan surged to 9.3K tons in 2022, picking up by 42% on the previous year's figure. Overall, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 446% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, hot-rolled wire rod in coils exports soared to $7.1M in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 713%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Hot-Rolled Wire Rod in Coils in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | 3.3 | 6.5 | 97.0% |
| Lebanon | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Georgia | 1.0 | 0.5 | 1.1 | N/A | 4.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 0.6 | 4.5 | 7.1 | 92.2% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Azerbaijan in 2022:
- Turkey (8.5K tons)
- Lebanon (0.7K tons)
- Georgia (0.1K tons)
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