Azerbaijan: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Azerbaijan

The Azerbaijani market for railway or tramway track construction material of iron or steel contracted remarkably to $X in 2021, shrinking by -25.3% against the previous year. Overall, consumption recorded a pronounced decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in Azerbaijan

In value terms, production of railway or tramway track construction material of iron or steel fell dramatically to $X in 2021 estimated in export price. In general, production, however, recorded resilient growth. The growth pace was the most rapid in 2013 when the production volume increased by 107% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then contracted remarkably in the following year.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Azerbaijan

Exports of railway or tramway track construction material of iron or steel from Azerbaijan surged to X tons in 2021, increasing by 119% against 2020. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 449%. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of railway or tramway track construction material of iron or steel surged to $X in 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 475%. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Georgia (X tons) was the main destination for exports of railway or tramway track construction material of iron or steel from Azerbaijan, with a 96% share of total exports. Moreover, exports of railway or tramway track construction material of iron or steel to Georgia exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia totaled +27.4%.

In value terms, Georgia ($X) remains the key foreign market for railway or tramway track construction material of iron or steel exports from Azerbaijan, comprising 89% of total exports. The second position in the ranking was held by Russia ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Georgia amounted to +26.4%.

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, dropping by -9.8% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 32% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Georgia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+30.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Azerbaijan

In 2021, purchases abroad of railway or tramway track construction material of iron or steel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 183%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel surged to $X in 2021. In general, imports, however, saw a sharp reduction. The pace of growth was the most pronounced in 2017 when imports increased by 170% against the previous year. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) constituted the largest iron and steel railway construction materials supplier to Azerbaijan, accounting for a 58% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from Kazakhstan exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The Czech Republic (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from Kazakhstan stood at +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+45.5% per year) and the Czech Republic (-37.9% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of railway or tramway track construction material of iron or steel to Azerbaijan, comprising 48% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 17% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Kazakhstan stood at +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-33.7% per year) and China (+31.2% per year).

Import Prices by Country

In 2021, the average import price for railway or tramway track construction material of iron or steel amounted to $X per ton, increasing by 36% against the previous year. Overall, the import price, however, showed a mild curtailment. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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