Price for Winding Wire of Copper in Azerbaijan - 2023
Contents:
- Price for Winding Wire of Copper in Azerbaijan (CIF) - 2023
- Price for Winding Wire of Copper in Azerbaijan (FOB) - 2022
- Imports of Winding Wire of Copper in Azerbaijan
- Exports of Winding Wire of Copper in Azerbaijan
Price for Winding Wire of Copper in Azerbaijan (CIF) - 2023
The average winding wire of copper import price stood at $10,113 per ton in June 2023, with an increase of 15% against the previous month. Overall, the import price, however, saw a slight downturn. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 123% m-o-m. The import price peaked at $14,198 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Turkey ($10,284 per ton), while the price for China amounted to $3,357 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Iran (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Winding Wire of Copper in Azerbaijan (FOB) - 2022
The average winding wire of copper export price stood at $5,293 per ton in 2022, with an increase of 6.5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 66%. The export price peaked at $7,033 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($15,250 per ton), while the average price for exports to Georgia totaled $5,293 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+32.5%).
Imports of Winding Wire of Copper in Azerbaijan
In 2022, approx. 205 tons of winding wire of coppers were imported into Azerbaijan; with a decrease of -6.7% on the previous year. Overall, imports saw a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 42% against the previous year.
In value terms, winding wire of copper imports skyrocketed to $2M in 2022. Over the period under review, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 58%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Winding Wire of Copper in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,031 | 542 | 1,259 | 1,653 | 17.0% |
| Moldova | 184 | 84.0 | 24.1 | 151 | -6.4% |
| Russia | 107 | 55.3 | 29.5 | 55.7 | -19.6% |
| China | 10.6 | 12.1 | 19.3 | 35.4 | 49.5% |
| Spain | 31.6 | 30.6 | 45.4 | N/A | 19.9% |
| Others | 481 | 369 | 349 | 138 | -34.0% |
| Total | 1,846 | 1,093 | 1,726 | 2,034 | 3.3% |
Top Suppliers of Winding Wire of Copper to Azerbaijan in 2022:
- Turkey (178.8 tons)
- Moldova (9.1 tons)
- China (8.1 tons)
- Russia (4.4 tons)
Exports of Winding Wire of Copper in Azerbaijan
In 2022, shipments abroad of winding wire of coppers decreased by -64.1% to 40 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 8,451%. As a result, the exports attained the peak of 111 tons, and then fell notably in the following year.
In value terms, winding wire of copper exports declined sharply to $210K in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 9,174% against the previous year.
| Export of Winding Wire of Copper in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 0.1 | 8.5 | 542 | 210 | 1180.6% |
| Norway | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | 0.1 | 8.6 | 0.1 | 0.0% |
| Total | 0.1 | 8.6 | 550 | 210 | 1180.6% |
Top Export Markets for Winding Wire of Copper from Azerbaijan in 2022:
- Norway (undefined tons)
- Georgia (39.7 tons)
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