Report Update: Apr 1, 2024

Azerbaijan - Sanitary Ware And Parts Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Iron or Steel Sanitary Ware in Azerbaijan - 2023

Price for Iron or Steel Sanitary Ware in Azerbaijan (CIF) - 2023

In July 2023, the average import price for sanitary ware and parts of iron or steel amounted to $1.6 per unit, which is down by -8.9% against the previous month. Overall, the import price, however, saw tangible growth. The pace of growth was the most pronounced in October 2022 an increase of 132% month-to-month. As a result, import price reached the peak level of $2.9 per unit. From November 2022 to July 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($2.5 per unit), while the price for China stood at $1.2 per unit.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+2.3%).

Price for Iron or Steel Sanitary Ware in Azerbaijan (FOB) - 2022

In 2022, the average export price for sanitary ware and parts of iron or steel amounted to $218 per unit, surging by 12,722% against the previous year. In general, the export price recorded a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($460 per unit), while the average price for exports to Georgia amounted to $1.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-10.2%).

Imports of Iron or Steel Sanitary Ware in Azerbaijan

In 2022, imports of sanitary ware and parts of iron or steel into Azerbaijan shrank to 2M units, falling by -8.5% on the previous year's figure. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of 2.2M units, and then contracted in the following year.

In value terms, iron or steel sanitary ware imports contracted slightly to $2.9M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 78%. As a result, imports reached the peak of $3M, and then reduced modestly in the following year.

Import of Iron or Steel Sanitary Ware in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,165	934	1,941	1,677	12.9%
Turkey	365	333	471	400	3.1%
Others	658	429	599	864	9.5%
Total	2,188	1,696	3,011	2,941	10.4%

Top Suppliers of Iron or Steel Sanitary Ware to Azerbaijan in 2022:

China (1678.0K units)
Turkey (246.1K units)

Exports of Iron or Steel Sanitary Ware in Azerbaijan

In 2022, overseas shipments of sanitary ware and parts of iron or steel decreased by -50% to 88 units, falling for the second year in a row after two years of growth. In general, exports showed a sharp reduction. The pace of growth was the most pronounced in 2020 when exports increased by 20% against the previous year. As a result, the exports attained the peak of 2K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, iron or steel sanitary ware exports surged to $19K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Iron or Steel Sanitary Ware in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	N/A	N/A	N/A	19.0	0%
Georgia	2.7	N/A	0.3	0.1	-66.7%
Kazakhstan	N/A	3.3	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	2.7	3.3	0.3	19.1	92.0%

Top Export Markets for Iron or Steel Sanitary Ware from Azerbaijan in 2022:

Georgia (46.0 units)
United Kingdom (41.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron or steel sanitary ware in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25991131 - Sanitary ware and parts of sanitary ware of iron or steel

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023