Azerbaijan: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Azerbaijan

In 2022, the Azerbaijani concrete reinforcing bar market decreased by X% to $X, falling for the fourth year in a row after two years of growth. In general, consumption saw a perceptible descent. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Concrete Reinforcing Bar Production in Azerbaijan

In value terms, concrete reinforcing bar production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Concrete Reinforcing Bar Exports

Exports from Azerbaijan

Concrete reinforcing bar exports from Azerbaijan soared to X tons in 2022, rising by X% on the year before. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, concrete reinforcing bar exports skyrocketed to $X in 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Georgia (X tons) was the main destination for concrete reinforcing bar exports from Azerbaijan, accounting for a approx. X% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to Georgia totaled X%.

In value terms, Georgia ($X) also remains the key foreign market for concrete reinforcing bars exports from Azerbaijan.

From 2014 to 2022, the average annual growth rate of value to Georgia totaled X%.

Export Prices by Country

In 2022, the average concrete reinforcing bar export price amounted to $X per ton, picking up by X% against the previous year. Overall, export price indicated a measured increase from 2014 to 2022: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2014 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Concrete Reinforcing Bar Imports

Imports into Azerbaijan

Concrete reinforcing bar imports into Azerbaijan reduced dramatically to X tons in 2022, dropping by X% on 2021. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, concrete reinforcing bar imports shrank to $X in 2022. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of concrete reinforcing bar to Azerbaijan, accounting for a X% share of total imports. Moreover, concrete reinforcing bar imports from Russia exceeded the figures recorded by the second-largest supplier, Iran (X tons), sevenfold. Georgia (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Russia ($X) constituted the largest supplier of concrete reinforcing bars to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with an X% share of total imports. It was followed by Georgia, with an X% share.

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

Import Prices by Country

In 2022, the average concrete reinforcing bar import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a modest increase 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, concrete reinforcing bar 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%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :