Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Azerbaijan - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Azerbaijan (CIF) - 2024
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Azerbaijan (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Azerbaijan
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Azerbaijan
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Azerbaijan (CIF) - 2024
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $592 per ton in July 2023, reducing by -5.9% against the previous month. Over the period under review, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 9.7% m-o-m. As a result, import price attained the peak level of $677 per ton. From June 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($1,674 per ton), while the price for Russia ($587 per ton) was amongst the lowest.
From February 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Azerbaijan (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $836 per ton, picking up by 16% against the previous year. In general, the export price recorded a tangible increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 57%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($1,268 per ton), while the average price for exports to Georgia amounted to $701 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+157.1%).
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Azerbaijan
In 2022, after two years of decline, there was significant growth in purchases abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses, when their volume increased by 41% to 36K tons. Over the period under review, imports, however, showed a deep reduction.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $28M in 2022. In general, 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 years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound 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 | 0.2 | 0.1 | 0.0% |
| Total | 22.0 | 18.8 | 19.7 | 28.1 | 8.5% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Azerbaijan in 2022:
- Russia (21.4K tons)
- Iran (10.9K tons)
- Turkey (2.1K tons)
- Belarus (1.5K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Azerbaijan
Exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Azerbaijan contracted sharply to 93 tons in 2022, shrinking by -93.8% against the previous year. In general, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 29%.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses contracted notably to $77K in 2022. Overall, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 101% against the previous year. As a result, the exports reached the peak of $1.1M, and then contracted remarkably in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 1,009 | 531 | 1,069 | 49.5 | -63.4% |
| Turkey | N/A | N/A | N/A | 27.9 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,009 | 531 | 1,069 | 77.4 | -57.5% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Azerbaijan in 2022:
- Georgia (70.6 tons)
- Turkey (22.0 tons)
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