Report Update Nov 1, 2024

Azerbaijan - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Iron Ore Market 2021

Iron Ore Market Size in Azerbaijan

The Azerbaijani iron ore market dropped to $X in 2019, shrinking by -X% against the previous year. Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2016 to 2019, the growth of the market remained at a lower figure.

Iron Ore Production in Azerbaijan

In value terms, iron ore production declined to $X in 2019 estimated in export prices. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2012 to 2019, production growth failed to regain the momentum.

Iron Ore Exports

Exports from Azerbaijan

Iron ore exports from Azerbaijan rose remarkably to X tons in 2019, growing by X% on the year before. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, exports attained the peak of X tons. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, iron ore exports rose modestly to $X in 2019. Overall, exports saw a noticeable increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports remained at a lower figure.

Exports by Country

Georgia (X tons) was the main destination for iron ore exports from Azerbaijan, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Georgia totaled +X%.

In value terms, Georgia ($X) also remains the key foreign market for iron ore exports from Azerbaijan.

From 2007 to 2019, the average annual growth rate of value to Georgia stood at +X%.

Export Prices by Country

The average iron ore export price stood at $X per ton in 2019, remaining stable against the previous year. In general, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per ton in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for Georgia amounted to -X% per year.

Iron Ore Imports

Imports into Azerbaijan

In 2019, purchases abroad of iron ores decreased by -X% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports showed a perceptible contraction. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. From 2009 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, iron ore imports shrank dramatically to $X in 2019. Overall, imports saw a pronounced slump. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2009 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Iran (X tons) constituted the largest supplier of iron ore to Azerbaijan, accounting for a X% share of total imports. Moreover, iron ore imports from Iran exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Iran totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Turkey (+X% per year).

In value terms, the Netherlands ($X), Iran ($X) and Turkey ($X) appeared to be the largest iron ore suppliers to Azerbaijan.

Turkey recorded 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 a decline.

Import Prices by Country

The average iron ore import price stood at $X per ton in 2019, declining by -X% against the previous year. Over the period under review, the import price saw a mild curtailment. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2010 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Iran, 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 ores in the world?

China constituted the country with the largest volume of iron ore consumption, accounting for 54% of total volume. Moreover, iron ore consumption in China exceeded the figures recorded by the second-largest consumer, India, eightfold. The third position in this ranking was occupied by Australia, with a 6.1% share.

What are the largest producers of iron ores in the world?

The countries with the highest volumes of iron ore production in 2019 were Australia, Brazil and China, together comprising 70% of global production.

What are the leading suppliers of iron ores to Azerbaijan?

In value terms, the Netherlands, Iran and Turkey $479) constituted the largest iron ore suppliers to Azerbaijan.

What are the leading importers of iron ores from Azerbaijan?

In value terms, Georgia remains the key foreign market for iron ore exports from Azerbaijan.

What is the average export price for iron ores in Azerbaijan?

The average iron ore export price stood at $46 per ton in 2019, stabilizing at the previous year.

What is the average import price for iron ores in Azerbaijan?

In 2019, the average iron ore import price amounted to $269 per ton, waning by -20.7% against the previous year.

This report provides an in-depth analysis of the iron ore 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 2025.

Product coverage:

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