Azerbaijan: Market for Chromium, Manganese, Lead and Copper Oxides and Hydroxides 2024

Market Size for Chromium, Manganese, Lead and Copper Oxides and Hydroxides in Azerbaijan

The Azerbaijani market for chromium, manganese, lead and copper oxides and hydroxides declined to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Chromium, Manganese, Lead and Copper Oxides and Hydroxides in Azerbaijan

In value terms, production of chromium, manganese, lead and copper oxides and hydroxides shrank to $X in 2022 estimated in export price. In general, production showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Exports from Azerbaijan

In 2020, approx. X tons of chromium, manganese, lead and copper oxides and hydroxides were exported from Azerbaijan; stabilizing at 2019 figures. Over the period under review, exports saw a strong increase. The smallest decline of X% was in 2013. The exports peaked in 2020 and are likely to see steady growth in years to come.

In value terms, exports of chromium, manganese, lead and copper oxides and hydroxides totaled $X in 2020. In general, exports posted resilient growth. The smallest decline of X% was in 2013. Over the period under review, the exports of hit record highs in 2020 and are expected to retain growth in years to come.

Exports by Country

Turkmenistan (X tons) was the main destination for exports of chromium, manganese, lead and copper oxides and hydroxides from Azerbaijan, with a approx. X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Turkmenistan was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Turkmenistan was relatively modest.

Export Prices by Country

The average export price for chromium, manganese, lead and copper oxides and hydroxides stood at $X per ton in 2020, approximately equating the previous year. Overall, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 a decrease of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkmenistan.

From 2012 to 2020, the rate of growth in terms of prices for Turkmenistan amounted to X% per year.

Imports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Imports into Azerbaijan

After two years of growth, purchases abroad of chromium, manganese, lead and copper oxides and hydroxides decreased by X% to X tons in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, imports of chromium, manganese, lead and copper oxides and hydroxides contracted to $X in 2022. In general, imports, however, posted a significant expansion. 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 attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest chromium, manganese, lead and copper oxide and hydroxide supplier to Azerbaijan, with a X% share of total imports. Moreover, imports of chromium, manganese, lead and copper oxides and hydroxides from the United States exceeded the figures recorded by the second-largest supplier, Russia (X tons), sixfold.

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

In value terms, the United States ($X) constituted the largest supplier of chromium, manganese, lead and copper oxides and hydroxides to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports.

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

Import Prices by Country

The average import price for chromium, manganese, lead and copper oxides and hydroxides stood at $X per ton in 2022, flattening at the previous year. Overall, the import price, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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