Report Update: May 1, 2024

Azerbaijan - Refined Copper - Market Analysis, Forecast, Size, Trends And Insights

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Refined Copper Price in Azerbaijan - 2023

Refined Copper Price in Azerbaijan (FOB) - 2023

In July 2023, the average refined copper export price amounted to $8,397 per ton, remaining stable against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 8.5% month-to-month. The export price peaked at $9,202 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From July 2022 to July 2023, the rate of growth in terms of prices for Turkey amounted to +0.3% per month.

Refined Copper Price in Azerbaijan (CIF) - 2022

The average refined copper import price stood at $8,013 per ton in 2022, with an increase of 150% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $13,333 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kazakhstan ($9,514 per ton), while the price for Turkey ($1,139 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.3%), while the prices for the other major suppliers experienced a decline.

Refined Copper Exports in Azerbaijan

In 2022, overseas shipments of refined copper (unwrought, not alloyed) decreased by -37.7% to 951 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 17% against the previous year.

In value terms, refined copper exports plummeted to $8.8M in 2022. Over the period under review, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 43%. As a result, the exports reached the peak of $14M, and then dropped sharply in the following year.

Export of Refined Copper in Azerbaijan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	7.0	7.0	13.2	8.8	7.9%
Hong Kong SAR	N/A	2.1	0.5	N/A	-76.2%
Others	N/A	0.5	N/A	N/A	0%
Total	7.0	9.6	13.7	8.8	7.9%

Top Export Markets for Refined Copper from Azerbaijan in 2022:

Turkey (951.2 tons)

Refined Copper Imports in Azerbaijan

In 2022, approx. 195 tons of refined copper (unwrought, not alloyed) were imported into Azerbaijan; waning by -5.9% compared with 2021 figures. Overall, imports faced a significant decrease.

In value terms, refined copper imports soared to $1.6M in 2022. Over the period under review, imports continue to indicate a precipitous shrinkage.

Import of Refined Copper in Azerbaijan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Iran	0.7	2.3	0.4	1.4	26.0%
Kazakhstan	3.8	N/A	0.1	0.2	-62.5%
Uzbekistan	2.0	3.8	N/A	N/A	90.0%
Turkey	0.1	N/A	0.2	N/A	41.4%
Others	N/A	N/A	N/A	N/A	0%
Total	6.6	6.1	0.7	1.6	-37.6%

Top Suppliers of Refined Copper to Azerbaijan in 2022:

Iran (171.3 tons)
Kazakhstan (21.0 tons)
Turkey (2.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the copper market 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 24441330 - Unwrought unalloyed refined copper (excluding rolled, e xtruded or forged sintered products)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023