Copper Wire Price in Azerbaijan - 2023

Contents:

1. Copper Wire Price in Azerbaijan (CIF) - 2022
2. Copper Wire Price in Azerbaijan (FOB) - 2022
3. Copper Wire Imports in Azerbaijan
4. Copper Wire Exports in Azerbaijan

Copper Wire Price in Azerbaijan (CIF) - 2022

In 2022, the average copper wire import price amounted to $9,131 per ton, increasing by 2.8% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper wire import price increased by +78.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53%. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Uzbekistan ($9,450 per ton) and Russia ($8,172 per ton), while the price for Turkey ($7,757 per ton) and Iran ($8,062 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper Wire Price in Azerbaijan (FOB) - 2022

The average copper wire export price stood at $10,051 per ton in 2022, picking up by 18% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 an increase of 69% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($10,158 per ton), while the average price for exports to Georgia stood at $9,991 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+18.2%).

Copper Wire Imports in Azerbaijan

In 2022, copper wire imports into Azerbaijan contracted slightly to 1.4K tons, remaining stable against 2021. In general, imports recorded a precipitous decrease.

In value terms, copper wire imports expanded to $13M in 2022. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 25%.

Top Suppliers of Copper Wire to Azerbaijan in 2022:

1. Uzbekistan (1097.1 tons)
2. Iran (168.4 tons)
3. Russia (114.5 tons)
4. Turkey (63.7 tons)

Copper Wire Exports in Azerbaijan

After three years of growth, shipments abroad of copper wires decreased by -66.4% to 134 tons in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 245% against the previous year. As a result, the exports attained the peak of 399 tons, and then declined significantly in the following year.

In value terms, copper wire exports shrank markedly to $1.3M in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 322%. As a result, the exports reached the peak of $3.4M, and then contracted rapidly in the following year.

Top Export Markets for Copper Wire from Azerbaijan in 2022:

1. Georgia (86.2 tons)
2. Turkey (47.8 tons)

Source: IndexBox Market Intelligence Platform