Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Azerbaijan - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Azerbaijan (CIF) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Azerbaijan
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Azerbaijan (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $965 per ton in December 2023, surging by 2.2% against the previous month. In general, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 22% m-o-m. The import price peaked at $1,174 per ton in February 2023; however, from March 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($1,303 per ton), while the price for Iran ($773 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Russia (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Azerbaijan
Imports of iron or non-alloy steel wire, plated or coated with zincs into Azerbaijan skyrocketed to 7.5K tons in 2022, increasing by 33% compared with 2021. The total import volume increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $8.8M in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 0.4 | 0.3 | 2.1 | 5.0 | 132.1% |
| Russia | 3.6 | 3.6 | 2.1 | 2.5 | -11.4% |
| Turkey | 0.5 | 0.7 | 1.3 | 1.2 | 33.9% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 4.7 | 4.8 | 5.6 | 8.8 | 23.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Azerbaijan in 2022:
- Iran (4.5K tons)
- Russia (2.0K tons)
- Turkey (0.9K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Azerbaijan.
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This report provides an in-depth analysis of the market for iron and steel wire in Azerbaijan.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Azerbaijan.
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This report provides an in-depth analysis of the market for iron and steel wire in Azerbaijan.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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