Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Azerbaijan - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Azerbaijan (CIF) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Azerbaijan
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Azerbaijan (CIF) - 2022
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $12,890 per ton in 2022, surging by 17% against the previous year. Over the period under review, the import price recorded measured growth. The growth pace was the most rapid in 2015 an increase of 118%. The import price peaked at $18,483 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +8.1% per year.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Azerbaijan
In 2022, the amount of steel, stainless; semi-finished products, other than of rectangular cross-sectia imported into Azerbaijan shrank rapidly to 1.7 tons, with a decrease of -95.1% compared with 2021. In general, imports recorded a sharp setback. The growth pace was the most rapid in 2021 with an increase of 41,146% against the previous year. As a result, imports attained the peak of 35 tons, and then fell dramatically in the following year.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia shrank rapidly to $22K in 2022. Overall, imports recorded a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 31,990% against the previous year. As a result, imports reached the peak of $385K, and then contracted dramatically in the following year.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 31.4 | 0.2 | 40.5 | 22.2 | -10.9% |
| Singapore | 94.1 | 1.0 | 326 | N/A | 86.1% |
| Others | 4.1 | N/A | 18.6 | N/A | 113.0% |
| Total | 130 | 1.2 | 385 | 22.2 | -44.5% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Azerbaijan in 2022:
- Turkey (1.7 tons)
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