Azerbaijan: Stranded Wire Market 2025

Stranded Wire Market Size in Azerbaijan

The Azerbaijani stranded wire market totaled $X in 2021, stabilizing at the previous year. Over the period under review, consumption recorded a noticeable descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Stranded Wire Production in Azerbaijan

In value terms, stranded wire production amounted to $X in 2021 estimated in export price. Overall, production showed a pronounced shrinkage. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Stranded Wire Exports

Exports from Azerbaijan

In 2021, the amount of stranded wire, ropes and cables exported from Azerbaijan shrank markedly to X tons, with a decrease of -30.6% on 2020 figures. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,471%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, stranded wire exports shrank to $X in 2021. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 1,004%. The exports peaked at $X in 2020, and then declined in the following year.

Exports by Country

Turkey (X tons) was the main destination for stranded wire exports from Azerbaijan, with a 80% share of total exports. Moreover, stranded wire exports to Turkey exceeded the volume sent to the second major destination, Georgia (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +53.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+22.1% per year) and Singapore (-59.2% per year).

In value terms, Turkey ($X) remains the key foreign market for stranded wire, ropes and cables exports from Azerbaijan, comprising 81% of total exports. The second position in the ranking was taken by Georgia ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +68.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+22.2% per year) and Singapore (-50.1% per year).

Export Prices by Country

The average stranded wire export price stood at $X per ton in 2021, surging by 28% against the previous year. Overall, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 49% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Azerbaijan

In 2021, the amount of stranded wire, ropes and cables imported into Azerbaijan stood at X tons, approximately equating the previous year. Overall, imports, however, continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2019 with an increase of 61%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, stranded wire imports reached $X in 2021. Over the period under review, imports, however, showed a perceptible descent. The pace of growth was the most pronounced in 2015 when imports increased by 28% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), Russia (X tons) and China (X tons) were the main suppliers of stranded wire imports to Azerbaijan, together comprising 65% of total imports. These countries were followed by the UK, the United Arab Emirates, India, South Korea, Italy, Malaysia, Ukraine, Singapore and Spain, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +15.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest stranded wire suppliers to Azerbaijan were Turkey ($X), Russia ($X) and the UK ($X), together accounting for 61% of total imports. China, the United Arab Emirates, India, South Korea, Italy, Malaysia, Ukraine, Spain and Singapore lagged somewhat behind, together accounting for a further 27%.

South Korea, with a CAGR of +7.9%, saw 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 more modest paces of growth.

Import Prices by Country

The average stranded wire import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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