Azerbaijan: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Azerbaijan

In 2020, the Azerbaijani unwrought aluminium alloys market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2019, and then reduced in the following year.

Unwrought Aluminium Alloys Production in Azerbaijan

In value terms, unwrought aluminium alloys production shrank to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, production attained the peak level at $X in 2019, and then dropped in the following year.

Unwrought Aluminium Alloys Exports

Exports from Azerbaijan

In 2020, exports of unwrought aluminium alloys from Azerbaijan shrank significantly to X tons, waning by -X% against the previous year. Over the period under review, exports, however, showed prominent growth. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. As a result, exports reached the peak of X tons. from 2018 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, unwrought aluminium alloys exports shrank remarkably to $X in 2020. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2018 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Japan (X tons), Turkey (X tons) and Iran (X tons) were the main destinations of unwrought aluminium alloys exports from Azerbaijan, with a combined X% share of total exports. These countries were followed by Uzbekistan, Egypt and Ukraine, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Turkey ($X) and Iran ($X) were the largest markets for unwrought aluminium alloys exported from Azerbaijan worldwide, with a combined X% share of total exports. These countries were followed by Uzbekistan, Egypt and Ukraine, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of 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 unwrought aluminium alloys export price amounted to $X per ton, dropping by -X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2020, the highest prices were recorded for prices to Uzbekistan ($X per ton) and Ukraine ($X per ton), while the average price for exports to Iran ($X per ton) and Japan ($X per ton) were amongst the lowest.

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

Unwrought Aluminium Alloys Imports

Imports into Azerbaijan

In 2020, supplies from abroad of unwrought aluminium alloys decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, unwrought aluminium alloys imports plummeted to $X in 2020. Overall, imports recorded a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Russia (X tons) was the main unwrought aluminium alloys supplier to Azerbaijan, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Russia amounted to +X%.

In value terms, Russia ($X) constituted the largest supplier of unwrought aluminium alloys to Azerbaijan.

From 2007 to 2020, the average annual growth rate of value from Russia stood at +X%.

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Russia amounted to -X% per year.

Source: IndexBox Platform

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