Price for Iron and Non-Alloy Steel in Ingot in Azerbaijan - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Azerbaijan (CIF) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Azerbaijan
Price for Iron and Non-Alloy Steel in Ingot in Azerbaijan (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $171 per ton in 2022, waning by -93.8% against the previous year. In general, the import price continues to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 an increase of 254% against the previous year. The import price peaked at $12,968 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +27.7% per year.
Imports of Iron and Non-Alloy Steel in Ingot in Azerbaijan
After two years of decline, overseas purchases of iron and non-alloy steel in ingots increased by 20% to 4.3 tons in 2022. In general, imports, however, continue to indicate a dramatic contraction.
In value terms, imports of iron and non-alloy steel in ingots reduced remarkably to $735 in 2022. Overall, imports, however, recorded a sharp setback. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. As a result, imports attained the peak of $234K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Iron and Non-Alloy Steel in Ingot in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 20.5 | 0.4 | 0.7 | -81.5% |
| Spain | N/A | 204 | N/A | N/A | 0% |
| Turkey | 192 | 9.7 | 9.3 | N/A | -78.0% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 192 | 234 | 9.9 | 0.7 | -84.6% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Azerbaijan in 2022:
- China (0.5 tons)
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