Azerbaijan: Market for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm in Azerbaijan

In 2022, after five years of decline, there was significant growth in the Azerbaijani market for aluminium plates, sheets and strip of thickness over X mm, when its value increased by X% to $X. Overall, consumption, however, showed a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Aluminium Plates, Sheets and Strip of Thickness over X mm in Azerbaijan

In value terms, production of aluminium plates, sheets and strip of thickness over X mm dropped slightly to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth failed to regain momentum.

Exports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Azerbaijan

In 2022, after three years of growth, there was significant decline in overseas shipments of aluminium plates, sheets and strip of thickness over X mm, when their volume decreased by X% to X tons. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm reduced remarkably to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Turkey (X tons) was the main destination for exports of aluminium plates, sheets and strip of thickness over X mm from Azerbaijan, accounting for a X% share of total exports. Moreover, exports of aluminium plates, sheets and strip of thickness over X mm to Turkey exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Italy (X% per year).

In value terms, Turkey ($X) remains the key foreign market for aluminium plates, sheets and strip of thickness over X mm exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average export price for aluminium plates, sheets and strip of thickness over X mm amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a deep slump. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Azerbaijan

In 2022, imports of aluminium plates, sheets and strip of thickness over X mm into Azerbaijan reached X tons, picking up by X% against 2021 figures. Over the period under review, imports, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm skyrocketed to $X in 2022. Overall, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), China (X tons) and Iran (X tons) were the main suppliers of imports of aluminium plates, sheets and strip of thickness over X mm to Azerbaijan, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of aluminium plates, sheets and strip of thickness over X mm to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the average import price for aluminium plates, sheets and strip of thickness over X mm amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Turkey ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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