Report Update Nov 1, 2024

Azerbaijan - Iron or Steel Articulated Link Chain - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Metal Link Chain Market 2024

Metal Link Chain Market Size in Azerbaijan

In 2021, the Azerbaijani metal link chain market increased by 11% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed resilient growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Link Chain Exports

Exports from Azerbaijan

In 2021, shipments abroad of iron or steel articulated link chain decreased by -54.1% to X kg, falling for the third year in a row after three years of growth. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2013 with an increase of 2,303%. As a result, the exports attained the peak of X kg. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal link chain exports dropped dramatically to $X in 2021. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 2,529%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Georgia (X kg) was the main destination for metal link chain exports from Azerbaijan, accounting for a 82% share of total exports. Moreover, metal link chain exports to Georgia exceeded the volume sent to the second major destination, Russia (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia totaled -7.4%.

In value terms, Georgia ($X) remains the key foreign market for iron or steel articulated link chain exports from Azerbaijan, comprising 89% of total exports. The second position in the ranking was held by Russia ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Georgia totaled -14.3%.

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, declining by -59% against the previous year. Overall, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2014 an increase of 336%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Georgia ($X per ton), while the average price for exports to Russia 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 United Arab Emirates (-5.1%), while the prices for the other major destinations experienced a decline.

Metal Link Chain Imports

Imports into Azerbaijan

In 2021, approx. X tons of iron or steel articulated link chain were imported into Azerbaijan; growing by 14% compared with the previous year's figure. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 1,161%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal link chain imports stood at $X in 2021. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by 698%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain to Azerbaijan, with a 66% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. Turkey (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +35.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+39.6% per year) and Turkey (+56.2% per year).

In value terms, Germany ($X), China ($X) and Japan ($X) were the largest metal link chain suppliers to Azerbaijan, together accounting for 59% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +97.7%, 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 metal link chain import price stood at $X per ton in 2021, dropping by -4.1% against the previous year. In general, the import price saw a perceptible contraction. The pace of growth was the most pronounced in 2019 an increase of 88%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+21.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel articulated link chain in the world?

China constituted the country with the largest volume of metal link chain consumption, accounting for 31% of total volume. Moreover, metal link chain consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 12% share.

What are the largest producers of iron or steel articulated link chain in the world?

China constituted the country with the largest volume of metal link chain production, comprising approx. 38% of total volume. Moreover, metal link chain production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with an 11% share.

What are the leading suppliers of iron or steel articulated link chain to Azerbaijan?

In value terms, Germany, China and Turkey appeared to be the largest metal link chain suppliers to Azerbaijan, with a combined 61% share of total imports. South Korea and Taiwan Chinese) lagged somewhat behind, together comprising a further 10%.

What is the average export price for iron or steel articulated link chain in Azerbaijan?

In 2021, the average metal link chain export price amounted to $10,221 per ton, growing by 531% against the previous year.

What is the average import price for iron or steel articulated link chain in Azerbaijan?

The average metal link chain import price stood at $4,128 per ton in 2021, shrinking by -16% against the previous year.

This report provides an in-depth analysis of the metal link chain 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 28152170 - Iron or steel articulated link chain (excluding roller chain)

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