Azerbaijan: Copper Wire Market 2024

Copper Wire Market Size in Azerbaijan

The Azerbaijani copper wire market expanded notably to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a slight increase 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Copper Wire Production in Azerbaijan

In value terms, copper wire production rose remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Copper Wire Exports

Exports from Azerbaijan

In 2022, shipments abroad of copper wire decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined significantly in the following year.

In value terms, copper wire exports declined remarkably to $X in 2022. Overall, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Georgia (X tons) and Turkey (X tons) were the main destinations of copper wire exports from Azerbaijan.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of X%).

In value terms, Georgia ($X) and Turkey ($X) appeared to be the largest markets for copper wire exported from Azerbaijan worldwide.

In terms of the main countries of destination, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average copper wire export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Georgia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%).

Copper Wire Imports

Imports into Azerbaijan

In 2022, overseas purchases of copper wire were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, copper wire imports expanded to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Uzbekistan (X tons) constituted the largest supplier of copper wire to Azerbaijan, with a X% share of total imports. Moreover, copper wire imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, Iran (X tons), sevenfold. The third position in this ranking was taken by Russia (X tons), with a X% share.

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

In value terms, Uzbekistan ($X) constituted the largest supplier of copper wire to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

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

Import Prices by Country

The average copper wire import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated a moderate 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, copper wire import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Uzbekistan ($X per ton) and Russia ($X per ton), while the price for Turkey ($X per ton) and Iran ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :