Azerbaijan: Unwrought Zinc Alloys Market 2022

Unwrought Zinc Alloys Market Size in Azerbaijan

In 2021, the Azerbaijani unwrought zinc alloys market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a resilient expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Unwrought Zinc Alloys Production in Azerbaijan

In value terms, unwrought zinc alloys production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, posted a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Unwrought zinc alloys production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Unwrought Zinc Alloys Exports

Exports from Azerbaijan

In 2021, shipments abroad of unwrought zinc alloys increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, unwrought zinc alloys exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for unwrought zinc alloys exports from Azerbaijan, with a X% share of total exports. Moreover, unwrought zinc alloys exports to the United Arab Emirates exceeded the volume sent to the second major destination, the UK (X tons), twofold. Georgia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Georgia (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for unwrought zinc alloys exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Georgia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Georgia (X% per year).

Export Prices by Country

In 2021, the average unwrought zinc alloys export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were the Netherlands ($X per ton) and Turkey ($X per ton), while the average price for exports to the UK ($X per ton) and Georgia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Zinc Alloys Imports

Imports into Azerbaijan

In 2021, overseas purchases of unwrought zinc alloys were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, unwrought zinc alloys imports surged to $X in 2021. In general, imports, however, showed a perceptible setback. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) was the main unwrought zinc alloys supplier to Azerbaijan, with a X% share of total imports. Moreover, unwrought zinc alloys imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +X%.

In value terms, Turkey ($X) constituted the largest supplier of unwrought zinc alloys to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

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

Import Prices by Country

In 2021, the average unwrought zinc alloys import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Turkey amounted to $X per ton.

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

Source: IndexBox Platform