Price for Nickel; Tube and Pipe Fittings in Azerbaijan - 2023

Price for Nickel; Tube and Pipe Fittings in Azerbaijan (CIF) - 2022

The average import price for nickel; tube and pipe fittingses stood at $1,316,876 per ton in 2022, picking up by 134% against the previous year. Overall, the import price posted a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the UK ($8,144,600 per ton), while the price for Turkey ($103,333 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+286.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tube and Pipe Fittings in Azerbaijan (FOB) - 2022

In 2022, the average export price for nickel; tube and pipe fittingses amounted to $214,583 per ton, approximately mirroring the previous year. Overall, the export price showed a significant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 22%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($214,899 per ton), while the average price for exports to Georgia amounted to $155,000 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+55.5%).

Imports of Nickel; Tube and Pipe Fittings in Azerbaijan

In 2022, supplies from abroad of nickel; tube and pipe fittingses decreased by -64.3% to 185 kg, falling for the second consecutive year after two years of growth. In general, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. As a result, imports reached the peak of 563 kg. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nickel; tube and pipe fittings imports reduced rapidly to $244K in 2022. Overall, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of $329K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Nickel; Tube and Pipe Fittings in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	8.0	3.9	3.5	90.9	124.8%
United States	18.3	34.8	7.6	78.2	62.3%
United Kingdom	4.7	7.9	9.5	40.7	105.4%
France	5.7	11.4	7.7	17.0	43.9%
India	1.5	1.2	3.0	16.4	121.9%
Turkey	0.8	0.7	0.5	0.3	-27.9%
China	1.3	1.2	0.7	N/A	-26.6%
Belgium	20.1	25.2	26.5	N/A	14.8%
Germany	142	178	187	N/A	14.8%
Italy	27.4	21.5	10.5	N/A	-38.1%
Others	32.1	43.8	35.7	N/A	5.5%
Total	262	329	292	244	-2.3%

Top Suppliers of Nickel; Tube and Pipe Fittings to Azerbaijan in 2022:

France (80.0 kg)
India (45.0 kg)
Singapore (29.0 kg)
United States (22.0 kg)
United Kingdom (5.0 kg)
Turkey (3.0 kg)

Exports of Nickel; Tube and Pipe Fittings in Azerbaijan

In 2022, shipments abroad of nickel; tube and pipe fittingses decreased by 0% to 1 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 431%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, nickel; tube and pipe fittings exports totaled $216K in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 551%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.