Azerbaijan: Aluminium And Titanium Market 2024

Aluminium And Titanium Market Size in Azerbaijan

The Azerbaijani aluminium and titanium market reduced notably to $X in 2022, waning by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Aluminium And Titanium Production in Azerbaijan

In value terms, aluminium and titanium production contracted slightly to $X in 2022 estimated in export price. In general, production showed a pronounced decline. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Aluminium And Titanium Exports

Exports from Azerbaijan

In 2022, overseas shipments of aluminium and titanium were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a noticeable decline. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium and titanium exports soared to $X in 2022. Overall, exports saw moderate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for aluminium and titanium exports from Azerbaijan, accounting for a X% share of total exports. Moreover, aluminium and titanium exports to Turkey exceeded the volume sent to the second major destination, Japan (X tons), sixfold. Sweden (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Sweden (X% per year).

In value terms, Turkey ($X) remains the key foreign market for aluminium and titanium exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average aluminium and titanium export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium And Titanium Imports

Imports into Azerbaijan

In 2022, the amount of aluminium and titanium imported into Azerbaijan soared to X tons, rising by X% against the previous year's figure. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, aluminium and titanium imports soared to $X in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Iran (X tons) constituted the largest supplier of aluminium and titanium to Azerbaijan, with a X% share of total imports. Moreover, aluminium and titanium imports from Iran exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iran totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and the Netherlands (X% per year).

In value terms, Iran ($X) constituted the largest supplier of aluminium and titanium to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Iran totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average aluminium and titanium import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium and titanium import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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