Report Update Apr 1, 2024

Azerbaijan - Remelting Scrap Ingots of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Market for Remelting Scrap Ingots Of Iron Or Steel 2024

Market Size for Remelting Scrap Ingots Of Iron Or Steel in Azerbaijan

The Azerbaijani metal remelting scrap ingots market contracted to $X in 2022, declining by X% against the previous year. In general, consumption saw a mild reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Remelting Scrap Ingots Of Iron Or Steel in Azerbaijan

In value terms, metal remelting scrap ingots production fell to $X in 2022 estimated in export price. Overall, production showed a mild decline. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Exports of Remelting Scrap Ingots Of Iron Or Steel

Exports from Azerbaijan

For the third consecutive year, Azerbaijan recorded growth in shipments abroad of remelting scrap ingots of iron or steel, which increased by X% to X tons in 2018. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal remelting scrap ingots exports soared to $X in 2018. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X tons) was the main destination for metal remelting scrap ingots exports from Azerbaijan, with a X% share of total exports. Moreover, metal remelting scrap ingots exports to Estonia exceeded the volume sent to the second major destination, the Czech Republic (X tons), ninefold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2018, the average annual growth rate of volume to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for metal remelting scrap ingots exported from Azerbaijan were the Czech Republic ($X), Estonia ($X) and the Netherlands ($X), with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal remelting scrap ingots export price stood at $X per ton in 2018, jumping by X% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2018: its price increased at an average annual rate of X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2018, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Remelting Scrap Ingots Of Iron Or Steel

Imports into Azerbaijan

In 2020, metal remelting scrap ingots imports into Azerbaijan soared to X tons, with an increase of X% against 2019. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal remelting scrap ingots imports reduced notably to $X in 2020. Over the period under review, imports, however, recorded a dramatic decrease. Over the period under review, imports attained the maximum at $X in 2019, and then shrank notably in the following year.

Imports by Country

Austria (X kg) and Turkey (X kg) were the main suppliers of metal remelting scrap ingots imports to Azerbaijan.

From 2019 to 2020, the biggest increases were recorded for Austria (with a CAGR of X%).

In value terms, Turkey ($X) and Austria ($X) constituted the largest metal remelting scrap ingots suppliers to Azerbaijan.

Among the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average metal remelting scrap ingots import price stood at $X per ton in 2020, waning by X% against the previous year. In general, the import price recorded a sharp decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2019, and then reduced rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Austria amounted to $X per ton.

From 2019 to 2020, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for remelting scrap ingots of iron or steel in the world?

The countries with the highest volumes of consumption in 2022 were Turkey, India and the United States, together accounting for 33% of global consumption. China, Japan, Nigeria, Brazil, Russia, the UK, Bosnia and Herzegovina, Mexico, Germany and Canada lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of remelting scrap ingots of iron or steel in the world?

The countries with the highest volumes of production in 2022 were Turkey, India and the United States, together comprising 32% of global production. China, Japan, Palestine, Nigeria, Brazil, Russia, the UK, Bosnia and Herzegovina, Mexico and Germany lagged somewhat behind, together comprising a further 31%.

What are the leading suppliers of remelting scrap ingots of iron or steel to Azerbaijan?

In value terms, Turkey and Austria constituted the largest metal remelting scrap ingots suppliers to Azerbaijan.

What are the leading importers of remelting scrap ingots of iron or steel from Azerbaijan?

In value terms, the largest markets for metal remelting scrap ingots exported from Azerbaijan were the Czech Republic, Estonia and the Netherlands, with a combined 72% share of total exports.

What is the average export price for remelting scrap ingots of iron or steel in Azerbaijan?

In 2018, the average metal remelting scrap ingots export price amounted to $382 per ton, rising by 46% against the previous year.

What is the average import price for remelting scrap ingots of iron or steel in Azerbaijan?

In 2020, the average metal remelting scrap ingots import price amounted to $10,194 per ton, declining by -94.4% against the previous year.

This report provides an in-depth analysis of the market for metal remelting scrap ingots in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24101420 - Remelting scrap ingots of iron or steel (excluding products whose chemical composition conforms to the definitions of pig iron, spiegeleisen, or ferro-alloys)

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023