Azerbaijan: Market for Copper Tubes, Pipes And Fitting 2025

Market Size for Copper Tubes, Pipes And Fitting in Azerbaijan

The Azerbaijani copper pipe and fitting market skyrocketed to $X in 2021, increasing by 242% 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 resilient increase. Copper pipe and fitting consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Copper Tubes, Pipes And Fitting

Exports from Azerbaijan

In 2021, the amount of copper tubes, pipes and fitting exported from Azerbaijan reduced markedly to X tons, with a decrease of -82% on the previous year. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 774%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, copper pipe and fitting exports dropped markedly to $X in 2021. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 618% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for copper pipe and fitting exports from Azerbaijan, with a 97% share of total exports. It was followed by Turkey (X kg), with a 0.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-7.0% per year) and the United Arab Emirates (-20.3% per year).

In value terms, Russia ($X) emerged as the key foreign market for copper tubes, pipes and fitting exports from Azerbaijan, comprising 98% of total exports. The second position in the ranking was held by Turkey ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-7.7% per year) and the United Arab Emirates (-16.4% per year).

Export Prices by Country

In 2021, the average copper pipe and fitting export price amounted to $X per ton, growing by 134% against the previous year. In general, the export price saw a resilient increase. As a result, the export price reached 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 Russia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Russia (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Tubes, Pipes And Fitting

Imports into Azerbaijan

For the fourth year in a row, Azerbaijan recorded growth in overseas purchases of copper tubes, pipes and fitting, which increased by 24% to X tons in 2021. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 103%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, copper pipe and fitting imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 137%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Uzbekistan (X tons), Turkey (X tons) and Iran (X tons) were the main suppliers of copper pipe and fitting imports to Azerbaijan, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +63.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) constituted the largest supplier of copper tubes, pipes and fitting to Azerbaijan, comprising 51% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by Iran, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Uzbekistan amounted to +65.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.3% per year) and Iran (+17.2% per year).

Import Prices by Country

The average copper pipe and fitting import price stood at $X per ton in 2021, picking up by 19% against the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 46% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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