Azerbaijan: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Azerbaijan

For the fourth year in a row, the Azerbaijani market for iron, steel or aluminium reservoirs, tanks, vats and similar containers recorded growth in sales value, which increased by X% to $X in 2020. In general, consumption posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Iron, steel or aluminium reservoir consumption peaked in 2020 and is expected to retain growth in years to come.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Azerbaijan

In 2020, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers from Azerbaijan soared to X tons, increasing by X% on 2019 figures. Overall, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2020 and are likely to see steady growth in the immediate term.

In value terms, iron, steel or aluminium reservoir exports surged to $X in 2020. In general, exports saw prominent growth. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons) was the main destination for iron, steel or aluminium reservoir exports from Azerbaijan, with a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to the UK exceeded the volume sent to the second major destination, Georgia (X tons), threefold. Kazakhstan (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the UK totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+X% per year) and Kazakhstan (+X% per year).

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Azerbaijan were Russia ($X), Georgia ($X) and the UK ($X), with a combined X% share of total exports. Congo, Germany, Luxembourg and Kazakhstan lagged somewhat behind, together accounting for a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2010 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Azerbaijan

In 2020, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Azerbaijan; rising by X% against 2019. Over the period under review, imports saw a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. As a result, imports attained the peak of X tons. from 2016 to 2020, the growth imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports soared to $X in 2020. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Azerbaijan, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in China (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of iron, steel or aluminium reservoir to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Turkey (+X% per year).

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2017 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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