Azerbaijan: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in Azerbaijan

The Azerbaijani agglomerated powder rod market soared to $X in 2021, jumping by 57% 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). Overall, consumption, however, showed a abrupt slump. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Agglomerated Powder Rod Exports

Exports from Azerbaijan

After two years of decline, shipments abroad of base metal wire and rods of agglomerated base powder increased by 84% to X kg in 2021. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 136% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, agglomerated powder rod exports surged to $X in 2021. In general, exports posted a temperate increase. The pace of growth appeared the most rapid in 2016 when exports increased by 124%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Georgia (X kg) was the main destination for agglomerated powder rod exports from Azerbaijan, accounting for a 72% share of total exports. Moreover, agglomerated powder rod exports to Georgia exceeded the volume sent to the second major destination, the Netherlands (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia stood at +11.7%.

In value terms, Georgia ($X) emerged as the key foreign market for base metal wire and rods of agglomerated base powder exports from Azerbaijan, comprising 74% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Georgia amounted to +2.2%.

Export Prices by Country

In 2021, the average agglomerated powder rod export price amounted to $X per ton, with an increase of 14% against the previous year. In general, the export price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 85% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.2%).

Agglomerated Powder Rod Imports

Imports into Azerbaijan

In 2021, the amount of base metal wire and rods of agglomerated base powder imported into Azerbaijan skyrocketed to X tons, picking up by 58% compared with the previous year. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 127% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, agglomerated powder rod imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2018 when imports increased by 124%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of agglomerated powder rod to Azerbaijan, accounting for a 65% share of total imports. Moreover, agglomerated powder rod imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. South Korea (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+16.5% per year) and South Korea (+90.4% per year).

In value terms, Turkey ($X), the United Arab Emirates ($X) and South Korea ($X) were the largest agglomerated powder rod suppliers to Azerbaijan, together accounting for 65% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +79.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average agglomerated powder rod import price stood at $X per ton in 2021, with a decrease of -5.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 146% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Ukraine ($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 (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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