Azerbaijan: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Azerbaijan

The Azerbaijani cold-rolled steel products market expanded slightly to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded tangible growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Cold-Rolled Steel Products Exports

Exports from Azerbaijan

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than cold-rolled) were exported from Azerbaijan; falling by X% on 2021. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cold-rolled steel products exports fell to $X in 2022. Overall, exports, however, posted temperate growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for cold-rolled steel products exports from Azerbaijan, accounting for a approx. X% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) also remains the key foreign market for flat-rolled products of iron or steel (not further worked than cold-rolled) exports from Azerbaijan.

From 2013 to 2022, the average annual rate of growth in terms of value to Turkey amounted to X%.

Export Prices by Country

The average cold-rolled steel products export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price posted a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2022, the rate of growth in terms of prices for Georgia amounted to X% per year.

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Cold-Rolled Steel Products Imports

Imports into Azerbaijan

In 2022, cold-rolled steel products imports into Azerbaijan expanded remarkably to X tons, picking up by X% compared with the year before. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, cold-rolled steel products imports declined slightly to $X in 2022. Over the period under review, imports showed a temperate increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest cold-rolled steel products supplier to Azerbaijan, accounting for a X% share of total imports. Moreover, cold-rolled steel products imports from Russia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

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

In value terms, the largest cold-rolled steel products suppliers to Azerbaijan were Russia ($X), Turkey ($X) and Kazakhstan ($X), with a combined X% share of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cold-rolled steel products import price amounted to $X per ton, which is down by X% against the previous year. In general, import price indicated a slight 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, cold-rolled steel products import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then fell significantly in the following year.

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 Turkey ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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