Azerbaijan: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in Azerbaijan

The Azerbaijani iron or steel towers market skyrocketed to $X in 2021, picking up by 25% 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). Over the period under review, consumption, however, showed a deep slump. Iron or steel towers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Iron Or Steel Towers And Lattice Masts

Exports from Azerbaijan

In 2021, overseas shipments of iron or steel towers and lattice masts decreased by -86.6% to X tons, falling for the eighth consecutive year after two years of growth. In general, exports showed a sharp downturn. The growth pace was the most rapid in 2013 with an increase of 60%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, iron or steel towers exports declined markedly to $X in 2021. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 52%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for iron or steel towers exports from Azerbaijan, with a 74% share of total exports. Moreover, iron or steel towers exports to Russia exceeded the volume sent to the second major destination, Georgia (X tons), sixfold. Finland (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to -14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-12.3% per year) and Finland (0.0% per year).

In value terms, Russia ($X) remains the key foreign market for iron or steel towers and lattice masts exports from Azerbaijan, comprising 94% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 2.3% share of total exports. It was followed by Georgia, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-43.7% per year) and Georgia (-23.7% per year).

Export Prices by Country

The average iron or steel towers export price stood at $X per ton in 2021, picking up by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +4.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Finland ($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 (+2.4%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Towers And Lattice Masts

Imports into Azerbaijan

For the third consecutive year, Azerbaijan recorded growth in overseas purchases of iron or steel towers and lattice masts, which increased by 33% to X tons in 2021. Over the period under review, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 289% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, iron or steel towers imports rose significantly to $X in 2021. In general, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 221% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X tons), Ukraine (X tons) and Turkey (X tons) were the main suppliers of iron or steel towers imports to Azerbaijan, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +69.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), Ukraine ($X) and Turkey ($X) appeared to be the largest iron or steel towers suppliers to Azerbaijan, with a combined 95% share of total imports.

Russia, with a CAGR of +57.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average iron or steel towers import price stood at $X per ton in 2021, shrinking by -14.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 66%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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