Azerbaijan - Table, Kitchen Or Household Articles And Parts Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Stainless Steel Household Articles in Azerbaijan - 2023
Contents:
- Price for Stainless Steel Household Articles in Azerbaijan (CIF) - 2023
- Price for Stainless Steel Household Articles in Azerbaijan (FOB) - 2022
- Imports of Stainless Steel Household Articles in Azerbaijan
- Exports of Stainless Steel Household Articles in Azerbaijan
Price for Stainless Steel Household Articles in Azerbaijan (CIF) - 2023
The average stainless steel household articles import price stood at $2.7 per unit in July 2023, dropping by -24.5% against the previous month. Over the period under review, the import price showed a slight setback. The growth pace was the most rapid in June 2023 when the average import price increased by 37% m-o-m. Over the period under review, average import prices attained the maximum at $4.5 per unit in March 2023; however, from April 2023 to July 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Turkey ($3.1 per unit), while the price for China stood at $2.3 per unit.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Ukraine (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Stainless Steel Household Articles in Azerbaijan (FOB) - 2022
The average stainless steel household articles export price stood at $1.3 per unit in 2022, reducing by -30.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 54%. As a result, the export price attained the peak level of $2.7 per unit. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($2 per unit), while the average price for exports to Turkey ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+10.7%), while the prices for the other major destinations experienced a decline.
Imports of Stainless Steel Household Articles in Azerbaijan
After three years of growth, purchases abroad of table, kitchen or household articles and parts of stainless steel decreased by -28.6% to 1.4M units in 2022. In general, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. Imports peaked at 2M units in 2021, and then reduced sharply in the following year.
In value terms, stainless steel household articles imports reduced to $4.6M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of $5.3M, and then dropped in the following year.
Import of Stainless Steel Household Articles in Azerbaijan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 1.9 | 2.0 | 2.3 | 2.8 | 13.8% |
China | 1.5 | 1.6 | 2.4 | 1.4 | -2.3% |
Others | 0.3 | 0.5 | 0.6 | 0.4 | 10.1% |
Total | 3.7 | 4.1 | 5.3 | 4.6 | 7.5% |
Top Suppliers of Stainless Steel Household Articles to Azerbaijan in 2022:
- Turkey (765.0K units)
- China (601.2K units)
Exports of Stainless Steel Household Articles in Azerbaijan
In 2022, the amount of table, kitchen or household articles and parts of stainless steel exported from Azerbaijan contracted markedly to 10K units, which is down by -43.1% on the year before. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 96% against the previous year. As a result, the exports reached the peak of 18K units, and then dropped rapidly in the following year.
In value terms, stainless steel household articles exports shrank notably to $14K in 2022. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 79%. As a result, the exports reached the peak of $34K, and then declined markedly in the following year.
Export of Stainless Steel Household Articles in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 8.7 | 6.7 | 4.3 | 5.0 | -16.9% |
Australia | N/A | N/A | 3.1 | 1.4 | -54.8% |
Spain | 1.0 | N/A | 0.3 | 1.4 | 11.9% |
Turkey | 1.7 | 1.2 | 0.9 | 1.2 | -11.0% |
Russia | 1.8 | 0.3 | 0.1 | 0.8 | -23.7% |
Qatar | N/A | N/A | 1.2 | 0.7 | -41.7% |
Austria | N/A | N/A | 1.9 | 0.7 | -63.2% |
Georgia | 1.5 | 3.2 | N/A | 0.5 | -30.7% |
Germany | 0.8 | 0.8 | 15.2 | 0.4 | -20.6% |
United States | 4.1 | 1.5 | 0.9 | 0.1 | -71.0% |
France | 1.3 | 0.1 | 2.3 | N/A | 33.0% |
Others | 5.3 | 5.4 | 4.2 | 1.5 | -34.3% |
Total | 26.3 | 19.2 | 34.4 | 13.6 | -19.7% |
Top Export Markets for Stainless Steel Household Articles from Azerbaijan in 2022:
- United Kingdom (2474.0 units)
- Turkey (2133.0 units)
- Spain (1095.0 units)
- Australia (1013.0 units)
- Russia (819.0 units)
- Qatar (579.0 units)
- Austria (486.0 units)
- Georgia (347.0 units)
- Germany (318.0 units)
- United States (29.0 units)
This report provides an in-depth analysis of the market for stainless steel household articles in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25991225 - Table, kitchen or household articles and parts thereof of stainless steel (excluding cutlery)
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for stainless steel household articles, including key statistics and numbers. Learn about the leading countries and their demand for these premium products.
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