Azerbaijan: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Azerbaijan

The Azerbaijani metal screw hook market surged to $X in 2022, with an increase of 16% 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). Overall, consumption continues to indicate a significant increase. Metal screw hook consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal Screw Hook Exports

Exports from Azerbaijan

In 2022, the amount of iron or steel screw hooks and screw rings exported from Azerbaijan contracted notably to X kg, reducing by -71.5% on 2021 figures. Over the period under review, exports, however, showed a moderate increase. The pace of growth was the most pronounced in 2016 with an increase of 4,493%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal screw hook exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 2,010%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Georgia (X kg) was the main destination for metal screw hook exports from Azerbaijan, accounting for a 75% share of total exports. Moreover, metal screw hook exports to Georgia exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold.

From 2014 to 2022, the average annual rate of growth in terms of volume to Georgia stood at +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+34.2% per year) and Luxembourg (0.0% per year).

In value terms, Georgia ($X) emerged as the key foreign market for iron or steel screw hooks and screw rings exports from Azerbaijan, comprising 81% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 15% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Georgia stood at +45.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (0.0% per year) and the Netherlands (+32.2% per year).

Export Prices by Country

The average metal screw hook export price stood at $X per ton in 2022, rising by 311% against the previous year. Over the period under review, the export price saw prominent growth. The growth pace was the most rapid in 2018 an increase of 1,256% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+17.9%), while the prices for the other major destinations experienced a decline.

Metal Screw Hook Imports

Imports into Azerbaijan

Metal screw hook imports into Azerbaijan expanded rapidly to X tons in 2022, with an increase of 15% against the year before. In general, imports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 2,126%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, metal screw hook imports surged to $X in 2022. Overall, imports posted resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 1,227%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal screw hook to Azerbaijan, with a 83% share of total imports. Moreover, metal screw hook imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +74.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+83.1% per year) and the UK (-15.2% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel screw hooks and screw rings to Azerbaijan, comprising 49% of total imports. The second position in the ranking was held by Turkey ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +54.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+66.9% per year) and the UK (-17.7% per year).

Import Prices by Country

The average metal screw hook import price stood at $X per ton in 2022, rising by 3.7% against the previous year. Over the period under review, the import price, however, showed a dramatic setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 2022, the most notable rate of growth in terms of prices was attained by the UK (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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