Azerbaijan: Metal Wool Market 2025

Metal Wool Market Size in Azerbaijan

The Azerbaijani metal wool market fell to $X in 2022, waning by -12.8% 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, however, enjoyed a significant expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Wool Exports

Exports from Azerbaijan

In 2022, overseas shipments of iron or steel wool increased by 92% to X kg, rising for the sixth consecutive year after two years of decline. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 325% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal wool exports soared to $X in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 346%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Turkmenistan (X kg) was the main destination for metal wool exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Turkmenistan was relatively modest.

In value terms, Turkmenistan ($X) emerged as the key foreign market for iron or steel wool exports from Azerbaijan.

From 2012 to 2022, the average annual growth rate of value to Turkmenistan was relatively modest.

Export Prices by Country

In 2022, the average metal wool export price amounted to $X per ton, with an increase of 36% against the previous year. Over the period under review, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of 307%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +5.0% per year.

Metal Wool Imports

Imports into Azerbaijan

In 2022, approx. X tons of iron or steel wool were imported into Azerbaijan; reducing by -1.6% against the previous year. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 800% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, metal wool imports contracted rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2015 with an increase of 519%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest metal wool supplier to Azerbaijan, with a 78% share of total imports. Moreover, metal wool imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+31.5% per year) and Ukraine (+20.8% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel wool to Azerbaijan, comprising 61% of total imports. The second position in the ranking was taken by Turkey ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +33.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+38.3% per year) and Ukraine (+29.2% per year).

Import Prices by Country

In 2022, the average metal wool import price amounted to $X per ton, falling by -16% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 47%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Ukraine ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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