Azerbaijan: Market for Articles Of Non-Malleable Cast Iron 2025

Market Size for Articles Of Non-Malleable Cast Iron in Azerbaijan

The Azerbaijani non-malleable cast iron articles market shrank to $X in 2022, which is down by -7.6% against the previous year. Over the period under review, consumption showed a pronounced decrease. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Articles Of Non-Malleable Cast Iron in Azerbaijan

In value terms, non-malleable cast iron articles production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 280%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Azerbaijan

In 2022, non-malleable cast iron articles exports from Azerbaijan surged to X tons, rising by 24% on 2021. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2016 with an increase of 16,198% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-malleable cast iron articles exports surged to $X in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 6,066%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for non-malleable cast iron articles exports from Azerbaijan, accounting for a 73% share of total exports. Moreover, non-malleable cast iron articles exports to Russia exceeded the volume sent to the second major destination, Georgia (X tons), threefold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Russia totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+215.8% per year) and Finland (0.0% per year).

In value terms, Russia ($X) remains the key foreign market for articles of non-malleable cast iron exports from Azerbaijan, comprising 73% of total exports. The second position in the ranking was held by Georgia ($X), with a 23% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Russia totaled +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+254.0% per year) and Finland (0.0% per year).

Export Prices by Country

The average non-malleable cast iron articles export price stood at $X per ton in 2022, growing by 16% against the previous year. Overall, the export price, however, recorded a significant decline. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+12.1%).

Imports of Articles Of Non-Malleable Cast Iron

Imports into Azerbaijan

Non-malleable cast iron articles imports into Azerbaijan fell to X tons in 2022, reducing by -8.1% on the previous year's figure. Overall, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 172% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports surged to $X in 2022. In general, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 149% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Russia (X tons) and Ukraine (X tons) were the main suppliers of non-malleable cast iron articles imports to Azerbaijan, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of -1.9%), while purchases for the other leaders experienced a decline.

In value terms, Turkey ($X) constituted the largest supplier of articles of non-malleable cast iron to Azerbaijan, comprising 76% of total imports. The second position in the ranking was held by Russia ($X), with a 19% share of total imports. It was followed by Germany, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled -14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+1.7% per year) and Germany (-30.1% per year).

Import Prices by Country

The average non-malleable cast iron articles import price stood at $X per ton in 2022, rising by 87% against the previous year. In general, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 95%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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