Price for Mineral Substances Not Elsewhere Specified or Included in Azerbaijan - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Azerbaijan (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Azerbaijan (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Azerbaijan
- Exports of Mineral Substances Not Elsewhere Specified or Included in Azerbaijan
Price for Mineral Substances Not Elsewhere Specified or Included in Azerbaijan (CIF) - 2022
In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $210 per ton, declining by -5.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 44%. Over the period under review, average import prices hit record highs at $249 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($2,720 per ton), while the price for Georgia ($89 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Azerbaijan (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $212 per ton in 2022, shrinking by -10.6% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2019 when the average export price increased by 80%. Over the period under review, the average export prices hit record highs at $1,190 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($1,125 per ton), while the average price for exports to China totaled $202 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-2.3%), while the prices for the other major destinations experienced a decline.
Imports of Mineral Substances Not Elsewhere Specified or Included in Azerbaijan
In 2022, approx. 6.7K tons of mineral substances not elsewhere specified or includeds were imported into Azerbaijan; surging by 33% on the previous year. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.6% 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 +62.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of mineral substances not elsewhere specified or includeds surged to $1.4M in 2022. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Mineral Substances Not Elsewhere Specified or Included in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 346 | 155 | 363 | 598 | 20.0% |
| Georgia | 385 | 303 | 344 | 535 | 11.6% |
| Turkey | 61.4 | 47.7 | 53.5 | 114 | 22.9% |
| Iran | 26.5 | 14.4 | 6.7 | 14.4 | -18.4% |
| Russia | 16.0 | 17.7 | 113 | 14.4 | -3.5% |
| Others | 106 | 97.8 | 239 | 128 | 6.5% |
| Total | 941 | 636 | 1,119 | 1,404 | 14.3% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Azerbaijan in 2022:
- Georgia (6.0K tons)
- Spain (0.2K tons)
- Turkey (0.1K tons)
- Iran (0.1K tons)
- Russia (0.1K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Azerbaijan
In 2022, the amount of mineral substances not elsewhere specified or includeds exported from Azerbaijan rose significantly to 1.3 tons, increasing by 13% against the previous year. Overall, exports, however, faced a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year.
In value terms, exports of mineral substances not elsewhere specified or includeds stood at $276 in 2022. In general, exports, however, recorded a sharp decline.
| Export of Mineral Substances Not Elsewhere Specified or Included in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 66.9 | 0.2 | 0.3 | 0.3 | -83.5% |
| Georgia | 41.3 | 0.1 | N/A | N/A | -99.8% |
| Others | 2.6 | N/A | N/A | N/A | 0% |
| Total | 111 | 0.3 | 0.3 | 0.3 | -86.1% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Azerbaijan in 2022:
- China (1289.0 kg)
- Georgia (8.0 kg)
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