Azerbaijan: Wire And Cable Market 2024

Wire And Cable Market Size in Azerbaijan

In 2022, the Azerbaijani wire and cable market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wire And Cable Production in Azerbaijan

In value terms, wire and cable production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Wire And Cable Exports

Exports from Azerbaijan

In 2022, the amount of insulated wire and cable exported from Azerbaijan soared to X tons, growing by X% compared with 2021. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, wire and cable exports surged to $X in 2022. Over the period under review, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkmenistan (X tons), Georgia (X tons) and Belarus (X tons) were the main destinations of wire and cable exports from Azerbaijan, with a combined X% share of total exports. Ukraine, Kazakhstan, Tajikistan and Togo lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkmenistan ($X), Georgia ($X) and Belarus ($X) appeared to be the largest markets for wire and cable exported from Azerbaijan worldwide, together comprising X% of total exports. Ukraine, Kazakhstan, Tajikistan and Togo lagged somewhat behind, together accounting for a further X%.

Ukraine, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average wire and cable export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price continues to indicate a mild contraction. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (X%), while the prices for the other major destinations experienced a decline.

Wire And Cable Imports

Imports into Azerbaijan

In 2022, purchases abroad of insulated wire and cable decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wire and cable imports expanded modestly to $X in 2022. Overall, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of wire and cable to Azerbaijan, with a X% share of total imports. Moreover, wire and cable imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Russia (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of insulated wire and cable to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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