Price for Copper Plates, Sheets and Strip in Azerbaijan - 2023

Price for Copper Plates, Sheets and Strip in Azerbaijan (CIF) - 2022

The average import price for copper plates, sheets and strips stood at $12,364 per ton in 2022, leveling off at the previous year. In general, the import price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 83% against the previous year. Over the period under review, average import prices reached the maximum at $12,853 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($15,802 per ton), while the price for Uzbekistan ($10,769 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Plates, Sheets and Strip in Azerbaijan (FOB) - 2022

The average export price for copper plates, sheets and strips stood at $19,221 per ton in 2022, picking up by 433% against the previous year. In general, the export price posted a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2016 to 2022, the rate of growth in terms of prices for Turkey amounted to +0.8% per year.

Imports of Copper Plates, Sheets and Strip in Azerbaijan

In 2022, supplies from abroad of copper plates, sheets and strips decreased by -40.4% to 43 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 456% against the previous year. As a result, imports attained the peak of 97 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, copper plates, sheets and strip imports fell markedly to $534K in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 334% against the previous year.

Import of Copper Plates, Sheets and Strip in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Uzbekistan	48.6	322	203	291	81.6%
Turkey	43.7	179	562	202	66.6%
Germany	9.6	53.5	5.0	33.3	51.4%
Russia	8.0	23.9	22.3	5.2	-13.4%
Kazakhstan	15.4	50.2	51.0	N/A	82.0%
Others	35.2	68.3	53.1	2.7	-57.5%
Total	161	697	896	534	49.1%

Top Suppliers of Copper Plates, Sheets and Strip to Azerbaijan in 2022:

Uzbekistan (27.0 tons)
Turkey (12.8 tons)
Germany (3.0 tons)
Russia (0.3 tons)

Exports of Copper Plates, Sheets and Strip in Azerbaijan

After two years of growth, overseas shipments of copper plates, sheets and strips decreased by -99.4% to 136 kg in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 220,930% against the previous year. As a result, the exports attained the peak of 22 tons, and then declined notably in the following year.

In value terms, copper plates, sheets and strip exports contracted markedly to $2.6K in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 306,308% against the previous year. As a result, the exports attained the peak of $80K, and then contracted markedly in the following year.