Report Update Jan 1, 2025

Azerbaijan - Iron or Steel Washers - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Metal Washer Market 2025

Metal Washer Market Size in Azerbaijan

In 2021, the Azerbaijani metal washer market decreased by -14.5% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, showed a strong expansion. Metal washer consumption peaked at $X in 2020, and then fell in the following year.

Metal Washer Exports

Exports from Azerbaijan

In 2021, after four years of decline, there was significant growth in overseas shipments of iron or steel washers, when their volume increased by 335% to X kg. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 3,793% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, metal washer exports skyrocketed to $X in 2021. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X kg), Georgia (X kg) and Russia (X kg) were the main destinations of metal washer exports from Azerbaijan, together accounting for 80% of total exports. The Netherlands, Kazakhstan and Saudi Arabia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Kazakhstan (with a CAGR of +40.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for iron or steel washers exports from Azerbaijan, comprising 59% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 24% share of total exports. It was followed by Russia, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+29.3% per year) and Russia (+2.5% per year).

Export Prices by Country

The average metal washer export price stood at $X per ton in 2021, increasing by 62% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 254%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Georgia ($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 Kuwait (+49.4%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Washer Imports

Imports into Azerbaijan

In 2021, after five years of growth, there was significant decline in purchases abroad of iron or steel washers, when their volume decreased by -9.7% to X tons. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2016 with an increase of 231%. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, metal washer imports declined rapidly to $X in 2021. Overall, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by 104%. Imports peaked at $X in 2020, and then dropped remarkably in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal washer to Azerbaijan, with a 65% share of total imports. Moreover, metal washer imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Russia (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.4% per year) and Russia (+2.9% per year).

In value terms, the largest metal washer suppliers to Azerbaijan were China ($X), the UK ($X) and Turkey ($X), together accounting for 50% of total imports.

China, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal washer import price amounted to $X per ton, dropping by -19.4% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 81% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood 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 Russia (+2.8%), 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 washers in the world?

China constituted the country with the largest volume of metal washer consumption, accounting for 26% of total volume. Moreover, metal washer 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 9.4% share.

What are the largest producers of iron or steel washers in the world?

China constituted the country with the largest volume of metal washer production, comprising approx. 44% of total volume. Moreover, metal washer production in China exceeded the figures recorded by the second-largest producer, India, fourfold. Indonesia ranked third in terms of total production with a 4.9% share.

What are the leading suppliers of iron or steel washers to Azerbaijan?

In value terms, the UK, Turkey and Sweden constituted the largest metal washer suppliers to Azerbaijan, together comprising 77% of total imports.

What are the leading importers of iron or steel washers from Azerbaijan?

In value terms, Poland emerged as the key foreign market for metal washer exports from Azerbaijan, comprising 84% of total exports. The second position in the ranking was occupied by Ukraine, with a 13% share of total exports.

What is the average export price for iron or steel washers in Azerbaijan?

The average metal washer export price stood at $18,806 per ton in 2021, reducing by -26.5% against the previous year.

What is the average import price for iron or steel washers in Azerbaijan?

The average metal washer import price stood at $5,322 per ton in 2021, reducing by -32.2% against the previous year.

This report provides an in-depth analysis of the metal washer 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 25941230 - Iron or steel washers (excluding spring washers and other lock washers)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024