Report Update Nov 1, 2024

Azerbaijan - Base Metal Hinges - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in Azerbaijan

The Azerbaijani base metal hinge market was estimated at $X in 2021, rising by 8.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a significant increase. Base metal hinge consumption peaked in 2021 and is likely to see steady growth in the near future.

Base Metal Hinge Exports

Exports from Azerbaijan

Base metal hinge exports from Azerbaijan contracted notably to X kg in 2021, waning by -97.8% against the year before. Over the period under review, exports recorded a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 4,463% against the previous year. As a result, the exports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, base metal hinge exports reduced notably to $X in 2021. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 7,261% against the previous year. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Russia (X kg) was the main destination for base metal hinge exports from Azerbaijan, accounting for a 80% share of total exports. Moreover, base metal hinge exports to Russia exceeded the volume sent to the second major destination, Georgia (X kg), fourfold.

From 2016 to 2021, the average annual growth rate of volume to Russia was relatively modest.

In value terms, Russia ($X) emerged as the key foreign market for base metal hinges exports from Azerbaijan, comprising 80% of total exports. The second position in the ranking was held by Georgia ($X), with a 20% share of total exports.

From 2016 to 2021, the average annual rate of growth in terms of value to Russia was relatively modest.

Export Prices by Country

In 2021, the average base metal hinge export price amounted to $X per ton, dropping by -33.6% against the previous year. Over the period under review, the export price, however, recorded a significant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 2,477% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Georgia stood at $X per ton.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+7,357.6%).

Base Metal Hinge Imports

Imports into Azerbaijan

Base metal hinge imports into Azerbaijan totaled X tons in 2021, picking up by 3.8% on the year before. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 93% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, base metal hinge imports reached $X in 2021. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2016 when imports increased by 144%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest base metal hinge supplier to Azerbaijan, with a 65% share of total imports. Moreover, base metal hinge imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +65.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.1% per year) and Austria (+30.6% per year).

In value terms, the largest base metal hinge suppliers to Azerbaijan were China ($X), Turkey ($X) and Austria ($X), with a combined 89% share of total imports.

China, with a CAGR of +87.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal hinge import price stood at $X per ton in 2021, surging by 6.8% against the previous year. Over the period under review, the import price recorded buoyant growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 58% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal hinges in the world?

The countries with the highest volumes of base metal hinge consumption in 2020 were China, the United States and India, with a combined 50% share of global consumption. These countries were followed by Japan, Germany, Mexico, Turkey, Poland, South Korea, Italy, Russia, Canada and Thailand, which together accounted for a further 29%.

What are the largest producers of base metal hinges in the world?

China constituted the country with the largest volume of base metal hinge production, accounting for 44% of total volume. Moreover, base metal hinge production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of base metal hinges to Azerbaijan?

In value terms, China, Turkey and Austria were the largest base metal hinge suppliers to Azerbaijan, with a combined 90% share of total imports.

What are the leading importers of base metal hinges from Azerbaijan?

In value terms, Turkey remains the key foreign market for base metal hinge exports from Azerbaijan.

What is the average export price for base metal hinges in Azerbaijan?

The average base metal hinge export price stood at $7,723 per ton in 2020, dropping by -2.3% against the previous year.

What is the average import price for base metal hinges in Azerbaijan?

The average base metal hinge import price stood at $2,776 per ton in 2020, which is down by -5.1% against the previous year.

This report provides an in-depth analysis of the base metal hinge market 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 25721410 - Base metal hinges

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