Report Update Nov 1, 2024

Azerbaijan - Iron or Steel Hot-Worked Helical Springs - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Azerbaijan

The Azerbaijani metal hot-worked helical spring market reduced to $X in 2021, approximately mirroring 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, however, posted a resilient increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Azerbaijan

In 2021, overseas shipments of iron or steel hot-worked helical springs increased by 35% to X tons, rising for the third year in a row after two years of decline. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2019 with an increase of 2,283% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, metal hot-worked helical spring exports amounted to $X in 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 5,452% 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 somewhat lower figure.

Exports by Country

Georgia (X tons) was the main destination for metal hot-worked helical spring exports from Azerbaijan, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Georgia totaled +229.1%.

In value terms, Georgia ($X) also remains the key foreign market for iron or steel hot-worked helical springs exports from Azerbaijan.

From 2012 to 2021, the average annual growth rate of value to Georgia totaled +114.0%.

Export Prices by Country

The average metal hot-worked helical spring export price stood at $X per ton in 2021, which is down by -21% against the previous year. Overall, the export price showed a dramatic descent. The most prominent rate of growth was recorded in 2017 an increase of 207%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to -28.6% per year.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Azerbaijan

In 2021, the amount of iron or steel hot-worked helical springs imported into Azerbaijan dropped to X tons, with a decrease of -7.1% compared with 2020 figures. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 1,048%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, metal hot-worked helical spring imports soared to $X in 2021. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 161% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Turkey (X tons) constituted the largest metal hot-worked helical spring supplier to Azerbaijan, accounting for a 62% share of total imports. Moreover, metal hot-worked helical spring imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. China (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+30.9% per year) and China (+194.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of iron or steel hot-worked helical springs to Azerbaijan, comprising 38% of total imports. The second position in the ranking was held by Russia ($X), with a 15% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+21.8% per year) and the UK (+35.5% per year).

Import Prices by Country

In 2021, the average metal hot-worked helical spring import price amounted to $X per ton, growing by 37% against the previous year. Over the period under review, the import price posted a perceptible increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 122%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel hot-worked helical springs in the world?

The country with the largest volume of metal hot-worked helical spring consumption was China, accounting for 29% of total volume. Moreover, metal hot-worked helical spring consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 10% share.

What are the largest producers of iron or steel hot-worked helical springs in the world?

The country with the largest volume of metal hot-worked helical spring production was China, accounting for 30% of total volume. Moreover, metal hot-worked helical spring production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with an 11% share.

What are the leading suppliers of iron or steel hot-worked helical springs to Azerbaijan?

In value terms, the largest metal hot-worked helical spring suppliers to Azerbaijan were Russia, Turkey and China, with a combined 72% share of total imports.

What are the leading importers of iron or steel hot-worked helical springs from Azerbaijan?

In value terms, Nigeria emerged as the key foreign market for metal hot-worked helical spring exports from Azerbaijan, comprising 77% of total exports. The second position in the ranking was occupied by Turkey, with a 4% share of total exports. It was followed by Egypt, with a 1.4% share.

What is the average export price for iron or steel hot-worked helical springs in Azerbaijan?

In 2020, the average metal hot-worked helical spring export price amounted to $5,971 per ton, approximately mirroring the previous year.

What is the average import price for iron or steel hot-worked helical springs in Azerbaijan?

In 2020, the average metal hot-worked helical spring import price amounted to $2,030 per ton, remaining stable against the previous year.

This report provides an in-depth analysis of the market for metal hot-worked helical spring 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 25931631 - Iron or steel hot-worked helical springs
Prodcom 25931633 - Iron or steel cold-formed helical coil compression springs
Prodcom 25931635 - Iron or steel cold-formed helical coil tension springs
Prodcom 25931637 - Iron or steel cold-formed helical springs (excluding helical coil compression springs, helical coil tension springs)

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