Price for Wire of Other Alloy Steel in Azerbaijan - 2023
Contents:
- Price for Wire of Other Alloy Steel in Azerbaijan (CIF) - 2022
- Imports of Wire of Other Alloy Steel in Azerbaijan
Price for Wire of Other Alloy Steel in Azerbaijan (CIF) - 2022
The average import price for wire of other alloy steels stood at $1,720 per ton in 2022, with an increase of 33% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 57%. As a result, import price attained the peak level of $2,756 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($2,188 per ton), while the price for Turkey ($1,543 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Azerbaijan
In 2022, overseas purchases of wire of other alloy steels decreased by -56% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of 2.4K tons, and then declined markedly in the following year.
In value terms, wire of other alloy steel imports declined sharply to $1.8M in 2022. In general, imports recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 when imports increased by 62% against the previous year. As a result, imports attained the peak of $3.1M, and then reduced rapidly in the following year.
| Import of Wire of Other Alloy Steel in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,495 | 1,418 | 2,086 | 1,565 | 1.5% |
| Ukraine | 29.1 | 37.4 | 35.3 | 55.4 | 23.9% |
| Czech Republic | 267 | 252 | 583 | 18.6 | -58.9% |
| Others | 270 | 218 | 424 | 198 | -9.8% |
| Total | 2,061 | 1,925 | 3,128 | 1,837 | -3.8% |
Top Suppliers of Wire of Other Alloy Steel to Azerbaijan in 2022:
- Turkey (1014.1 tons)
- Ukraine (27.9 tons)
- Czech Republic (8.5 tons)
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