Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Azerbaijan - 2024

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Azerbaijan (CIF) - 2022
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Azerbaijan (FOB) - 2022
3. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Azerbaijan
4. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Azerbaijan

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Azerbaijan (CIF) - 2022

In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $4,781 per ton, with a decrease of -7.4% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 66%. Over the period under review, average import prices attained the maximum at $5,404 per ton in 2020; however, from 2021 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 Spain ($6,009 per ton), while the price for South Korea ($1,038 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Azerbaijan (FOB) - 2022

The average export price for stainless steel; flat-rolled products of width less than 600mms stood at $1,201 per ton in 2020, rising by 100% against the previous year. In general, the export price, however, saw a dramatic curtailment. Over the period under review, the average export prices attained the maximum at $37,225 per ton in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2015 to 2020, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Azerbaijan

In 2022, the amount of stainless steel; flat-rolled products of width less than 600mms imported into Azerbaijan rose notably to 98 tons, growing by 13% on 2021 figures. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 442% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms totaled $471K in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 418% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Azerbaijan in 2022:

1. Netherlands (31.0 tons)
2. Spain (18.6 tons)
3. Finland (13.9 tons)
4. China (10.5 tons)
5. India (8.4 tons)
6. United Arab Emirates (4.3 tons)
7. South Korea (3.6 tons)
8. Turkey (1.3 tons)

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Azerbaijan

In 2020, the amount of stainless steel; flat-rolled products of width less than 600mms exported from Azerbaijan skyrocketed to 22 tons, growing by 2,080% compared with the previous year. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms surged to $26K in 2020. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Azerbaijan in 2022:

1. Netherlands (21.8 tons)

Source: IndexBox Market Intelligence Platform