Azerbaijan: Market for Remelting Scrap Ingots Of Iron Or Steel 2025

Market Size for Remelting Scrap Ingots Of Iron Or Steel in Azerbaijan

The Azerbaijani metal remelting scrap ingots market contracted to $X in 2022, declining by X% against the previous year. In general, consumption saw a mild reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Remelting Scrap Ingots Of Iron Or Steel in Azerbaijan

In value terms, metal remelting scrap ingots production fell to $X in 2022 estimated in export price. Overall, production showed a mild decline. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Remelting Scrap Ingots Of Iron Or Steel

Exports from Azerbaijan

For the third consecutive year, Azerbaijan recorded growth in shipments abroad of remelting scrap ingots of iron or steel, which increased by X% to X tons in 2018. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal remelting scrap ingots exports soared to $X in 2018. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X tons) was the main destination for metal remelting scrap ingots exports from Azerbaijan, with a X% share of total exports. Moreover, metal remelting scrap ingots exports to Estonia exceeded the volume sent to the second major destination, the Czech Republic (X tons), ninefold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2018, the average annual growth rate of volume to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for metal remelting scrap ingots exported from Azerbaijan were the Czech Republic ($X), Estonia ($X) and the Netherlands ($X), with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, 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

The average metal remelting scrap ingots export price stood at $X per ton in 2018, jumping by X% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2018: its price increased at an average annual rate of X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2018, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Remelting Scrap Ingots Of Iron Or Steel

Imports into Azerbaijan

In 2020, metal remelting scrap ingots imports into Azerbaijan soared to X tons, with an increase of X% against 2019. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal remelting scrap ingots imports reduced notably to $X in 2020. Over the period under review, imports, however, recorded a dramatic decrease. Over the period under review, imports attained the maximum at $X in 2019, and then shrank notably in the following year.

Imports by Country

Austria (X kg) and Turkey (X kg) were the main suppliers of metal remelting scrap ingots imports to Azerbaijan.

From 2019 to 2020, the biggest increases were recorded for Austria (with a CAGR of X%).

In value terms, Turkey ($X) and Austria ($X) constituted the largest metal remelting scrap ingots suppliers to Azerbaijan.

Among the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average metal remelting scrap ingots import price stood at $X per ton in 2020, waning by X% against the previous year. In general, the import price recorded a sharp decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2019, and then reduced rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Austria amounted to $X per ton.

From 2019 to 2020, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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