Azerbaijan: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Azerbaijan

In 2021, the Azerbaijani market for copper bars, wire and plates was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.0% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Copper Bars, Wire And Plates in Azerbaijan

In value terms, copper bars, wire and plates production rose to $X in 2021 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.6% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 43%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Azerbaijan

In 2021, overseas shipments of copper bars, wire and plates were finally on the rise to reach X tons after three years of decline. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 272%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, copper bars, wire and plates exports surged to $X in 2021. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2014 with an increase of 374% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons), China (X tons) and Georgia (X tons) were the main destinations of copper bars, wire and plates exports from Azerbaijan, with a combined 99.9% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +89.3%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for copper bars, wire and plates exports from Azerbaijan, comprising 63% of total exports. The second position in the ranking was taken by China ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled +49.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+136.9% per year) and Georgia (+12.6% per year).

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, growing by 51% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Azerbaijan

Copper bars, wire and plates imports into Azerbaijan dropped to X tons in 2021, with a decrease of -13.3% against 2020. In general, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of 321%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Over the period under review, imports continue to indicate a noticeable decline. The growth pace was the most rapid in 2015 when imports increased by 234% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Uzbekistan (X tons) constituted the largest supplier of copper bars, wire and plates to Azerbaijan, with a 61% share of total imports. Moreover, copper bars, wire and plates imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from Uzbekistan stood at +36.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-19.2% per year) and Turkey (-1.6% per year).

In value terms, Uzbekistan ($X) constituted the largest supplier of copper bars, wire and plates to Azerbaijan, comprising 63% of total imports. The second position in the ranking was held by Russia ($X), with a 21% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Uzbekistan amounted to +83.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-18.7% per year) and Turkey (+4.2% per year).

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, growing by 51% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates import price increased by +72.7% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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