Price for Powders of Pig Iron in Azerbaijan - 2023

Contents:

  1. Price for Powders of Pig Iron in Azerbaijan (CIF) - 2022
  2. Imports of Powders of Pig Iron in Azerbaijan

Price for Powders of Pig Iron in Azerbaijan (CIF) - 2022

The average powders of pig iron import price stood at $1,434 per ton in 2022, with a decrease of -49.6% against the previous year. Over the period under review, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 82% against the previous year. The import price peaked at $3,758 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($1,786 per ton), while the price for Russia totaled $998 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Powders of Pig Iron in Azerbaijan

In 2022, the amount of powders of pig ira imported into Azerbaijan soared to 42 tons, jumping by 12,822% against the year before. In general, 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, powders of pig iron imports skyrocketed to $60K in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Powders of Pig Iron in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden0.40.40.337.5354.3%
Russia0.10.30.320.5489.6%
Others0.20.40.31.7104.1%
Total0.71.20.959.7340.2%

Top Suppliers of Powders of Pig Iron to Azerbaijan in 2022:

  1. Sweden (21.0 tons)
  2. Russia (20.5 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Iron or steel, pig iron, spiegeleisen; powders (excluding alloy steel) - Azerbaijan