Azerbaijan: Lead Market 2024

Lead Market Size in Azerbaijan

The Azerbaijani lead market amounted to $X in 2022, growing by 3.1% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +111.3% against 2012 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Lead Production in Azerbaijan

In value terms, lead production dropped to $X in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.8% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Lead Exports

Exports from Azerbaijan

In 2022, approx. X tons of lead were exported from Azerbaijan; falling by -10.1% on the previous year's figure. In general, exports showed a slight descent. The growth pace was the most rapid in 2016 with an increase of 188% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, lead exports dropped to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 when exports increased by 370% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Turkey (X tons) was the main destination for lead exports from Azerbaijan, with a 89% share of total exports. Moreover, lead exports to Turkey exceeded the volume sent to the second major destination, Georgia (X tons), more than tenfold. Ukraine (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+26.7% per year) and Ukraine (-10.8% per year).

In value terms, Turkey ($X) remains the key foreign market for lead exports from Azerbaijan, comprising 89% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 5.1% share of total exports. It was followed by Georgia, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-1.6% per year) and Georgia (+34.6% per year).

Export Prices by Country

The average lead export price stood at $X per ton in 2022, with an increase of 4.5% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Ukraine ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Georgia ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lead Imports

Imports into Azerbaijan

In 2022, lead imports into Azerbaijan reduced remarkably to X tons, with a decrease of -73.3% against 2021. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 64%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, lead imports fell remarkably to $X in 2022. In general, imports showed a significant decrease. The growth pace was the most rapid in 2021 with an increase of 91%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Lithuania (X tons) was the main supplier of lead to Azerbaijan, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Lithuania was relatively modest.

In value terms, Lithuania ($X) constituted the largest supplier of lead to Azerbaijan.

From 2012 to 2022, the average annual rate of growth in terms of value from Lithuania was relatively modest.

Import Prices by Country

The average lead import price stood at $X per ton in 2022, reducing by -53.8% against the previous year. In general, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Lithuania.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +20.7% per year.

Source: IndexBox Platform

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