Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Azerbaijan - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Azerbaijan (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Azerbaijan (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Azerbaijan
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Azerbaijan
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Azerbaijan (CIF) - 2022
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $4,332 per ton in 2022, with a decrease of -21.8% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 55%. The import price peaked at $5,539 per ton in 2021, and then reduced notably in the following year.
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 Czech Republic ($18,851 per ton), while the price for China ($2,055 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Azerbaijan (FOB) - 2022
In 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $2,407 per ton, remaining constant against the previous year. Overall, the export price recorded a mild increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Slovenia.
From 2016 to 2022, the rate of growth in terms of prices for Slovenia amounted to 0.0% per year.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Azerbaijan
In 2022, supplies from abroad of stainless steel bars and rods, angles, shapes and sectionses decreased by -7.6% to 121 tons, falling for the second year in a row after two years of growth. Overall, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 79% against the previous year. As a result, imports reached the peak of 244 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses dropped dramatically to $522K in 2022. In general, imports showed a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 81%. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 29.7 | 93.2 | 49.8 | 113 | 56.1% |
| India | 121 | 113 | 67.0 | 87.0 | -10.4% |
| Turkey | 137 | 422 | 132 | 73.0 | -18.9% |
| China | 11.8 | 98.9 | 60.1 | 54.2 | 66.2% |
| Czech Republic | 14.6 | 23.5 | 25.2 | 52.8 | 53.5% |
| France | 45.5 | 66.1 | 3.3 | 42.2 | -2.5% |
| Germany | 32.8 | 21.6 | 32.5 | 40.1 | 6.9% |
| United Kingdom | 87.5 | 95.4 | 99.4 | 17.5 | -41.5% |
| South Korea | 13.0 | 17.7 | 15.8 | 4.7 | -28.8% |
| Sweden | 50.6 | 40.9 | 63.6 | N/A | 12.1% |
| Others | 67.3 | 115 | 174 | 38.4 | -17.1% |
| Total | 612 | 1,107 | 723 | 522 | -5.2% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Azerbaijan in 2022:
- Russia (39.3 tons)
- China (26.4 tons)
- Turkey (19.3 tons)
- India (18.5 tons)
- France (7.0 tons)
- Germany (3.1 tons)
- Czech Republic (2.8 tons)
- South Korea (0.9 tons)
- United Kingdom (0.5 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Azerbaijan
In 2022, approx. 150 kg of stainless steel bars and rods, angles, shapes and sectionses were exported from Azerbaijan; waning by -50.2% against 2021 figures. In general, exports recorded a dramatic setback.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses fell notably to $361 in 2022. Over the period under review, exports faced a significant contraction.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Slovenia | N/A | 361 | 0% | ||
| Russia | 720 | N/A | 0% | ||
| Others | 1.0 | N/A | 0% | ||
| Total | 721 | 361 | -49.9% | ||
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Azerbaijan in 2022:
- Slovenia (150.0 kg)
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