Azerbaijan: Market for Hot-Rolled Bars Of High Speed Steel 2022

Market Size for Hot-Rolled Bars Of High Speed Steel in Azerbaijan

In 2021, the Azerbaijani market for hot-rolled bars of high speed steel increased by X% to $X, rising for the fifth consecutive year after four years of decline. Over the period under review, consumption enjoyed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports from Azerbaijan

In 2021, the amount of hot-rolled bars of high speed steel exported from Azerbaijan was estimated at less than X kg, flattening at the previous year's figure. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X kg in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar exports stood at less than $X in 2021. In general, exports saw a relatively flat trend pattern. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Guinea (X kg) was the main destination for hot-rolled high speed steel bar exports from Azerbaijan, with a approx. X% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of volume to Guinea was relatively modest.

From 2012 to 2016, the average annual growth rate of value to Guinea was relatively modest.

Export Prices by Country

In 2016, the average export price for hot-rolled bars of high speed steel amounted to $X per ton, stabilizing at the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked in 2016 and is expected to retain growth in years to come.

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

From 2012 to 2016, the rate of growth in terms of prices for Guinea amounted to X% per year.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Azerbaijan

In 2021, overseas purchases of hot-rolled bars of high speed steel increased by X% to X tons, rising for the fifth consecutive year after four years of decline. In general, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled high speed steel bar imports surged to $X in 2021. Overall, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) was the main supplier of hot-rolled high speed steel bar to Azerbaijan, with a X% share of total imports. It was followed by the UK (X kg), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +X%.

In value terms, Italy ($X) constituted the largest supplier of hot-rolled high speed steel bar to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +X%.

Import Prices by Country

The average import price for hot-rolled bars of high speed steel stood at $X per ton in 2021, shrinking by -X% against the previous year. Over the period under review, the import price, however, showed a slight expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Italy amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%).

Source: IndexBox Market Intelligence Platform

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