Azerbaijan: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Azerbaijan

The Azerbaijani metal self-tapping screw market fell to $X in 2022, shrinking 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, however, enjoyed a significant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Metal Self-Tapping Screw Exports

Exports from Azerbaijan

In 2022, the amount of iron or steel self-tapping screws exported from Azerbaijan reduced rapidly to X kg, falling by X% against the previous year. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, metal self-tapping screw exports skyrocketed to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for metal self-tapping screw exports from Azerbaijan, accounting for a X% share of total exports. Moreover, metal self-tapping screw exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold. The third position in this ranking was held by Georgia (X kg), with a X% share.

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

In value terms, the UK ($X) emerged as the key foreign market for iron or steel self-tapping screws exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and New Zealand (X% per year).

Export Prices by Country

The average metal self-tapping screw export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Georgia ($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 the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Self-Tapping Screw Imports

Imports into Azerbaijan

In 2022, the amount of iron or steel self-tapping screws imported into Azerbaijan fell to X tons, dropping by X% against the previous year's figure. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, metal self-tapping screw imports shrank to $X in 2022. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal self-tapping screw to Azerbaijan, with a X% share of total imports. Moreover, metal self-tapping screw imports from China exceeded the figures recorded by the second-largest supplier, Belarus (X tons), fourfold. Uzbekistan (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 China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Uzbekistan (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel self-tapping screws to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

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

Import Prices by Country

In 2022, the average metal self-tapping screw import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for China ($X per ton) was 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 mixed trend patterns.

Source: IndexBox Platform

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