Report Update Nov 1, 2024

Azerbaijan - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Steel Stranded Wire Market 2024

Steel Stranded Wire Market Size in Azerbaijan

The Azerbaijani steel stranded wire market skyrocketed to $X in 2022, surging by 132% 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 temperate growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Steel Stranded Wire Exports

Exports from Azerbaijan

In 2022, shipments abroad of iron or steel stranded wire, ropes and cables was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, steel stranded wire exports surged to $X in 2022. Overall, exports, however, showed a noticeable decline. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), the UK (X tons) and Russia (X kg) were the main destinations of steel stranded wire exports from Azerbaijan, together comprising 86% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +26.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel stranded wire exported from Azerbaijan were the UK ($X), the United Arab Emirates ($X) and Luxembourg ($X), with a combined 75% share of total exports.

Among the main countries of destination, Luxembourg, with a CAGR of +60.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steel stranded wire export price stood at $X per ton in 2022, reducing by -62.8% against the previous year. Overall, the export price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 an increase of 148% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+75.3%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Stranded Wire Imports

Imports into Azerbaijan

Steel stranded wire imports into Azerbaijan skyrocketed to X tons in 2022, with an increase of 136% on 2021. Overall, imports enjoyed a perceptible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, steel stranded wire imports skyrocketed to $X in 2022. Over the period under review, imports saw a notable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest steel stranded wire supplier to Azerbaijan, accounting for a 59% share of total imports. Moreover, steel stranded wire imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was held by South Korea (X tons), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.9% per year) and South Korea (+24.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of iron or steel stranded wire, ropes and cables to Azerbaijan, comprising 45% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.6% per year) and South Korea (+24.4% per year).

Import Prices by Country

In 2022, the average steel stranded wire import price amounted to $X per ton, falling by -3.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 66% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel stranded wire, ropes and cables in the world?

The country with the largest volume of steel stranded wire consumption was China, comprising approx. 24% of total volume. Moreover, steel stranded wire consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by India, with a 9.2% share.

What are the largest producers of iron or steel stranded wire, ropes and cables in the world?

China constituted the country with the largest volume of steel stranded wire production, accounting for 35% of total volume. Moreover, steel stranded wire production in China exceeded the figures recorded by the second-largest producer, India, fourfold. Russia ranked third in terms of total production with a 4.5% share.

What are the leading suppliers of iron or steel stranded wire, ropes and cables to Azerbaijan?

In value terms, the largest steel stranded wire suppliers to Azerbaijan were Turkey, the UK and Russia, together comprising 62% of total imports.

What are the leading importers of iron or steel stranded wire, ropes and cables from Azerbaijan?

In value terms, the United Arab Emirates emerged as the key foreign market for steel stranded wire exports from Azerbaijan, comprising 51% of total exports. The second position in the ranking was occupied by Norway $970), with a 23% share of total exports. It was followed by Luxembourg, with a 12% share.

What is the average export price for iron or steel stranded wire, ropes and cables in Azerbaijan?

In 2021, the average steel stranded wire export price amounted to $4,701 per ton, jumping by 33% against the previous year.

What is the average import price for iron or steel stranded wire, ropes and cables in Azerbaijan?

In 2021, the average steel stranded wire import price amounted to $2,159 per ton, approximately mirroring the previous year.

This report provides an in-depth analysis of the steel stranded wire 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)

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