Azerbaijan - Zinc - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Azerbaijan - Zinc - Market Analysis, Forecast, Size, Trends And Insights

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Zinc Price in Azerbaijan - 2023

Contents:

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

Zinc Price in Azerbaijan (CIF) - 2022

In 2021, the average zinc import price amounted to $3,175 per ton, picking up by 29% against the previous year. In general, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 36% against the previous year. As a result, import price reached the peak level of $3,267 per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Bulgaria ($4,002 per ton) and Uzbekistan ($3,768 per ton), while the price for Spain ($2,848 per ton) and Iran ($3,078 per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Zinc Price in Azerbaijan (FOB) - 2022

The average zinc export price stood at $2,288 per ton in 2021, rising by 4.7% against the previous year. In general, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 238%. The export price peaked at $2,786 per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were the Netherlands ($2,809 per ton) and Turkey ($2,400 per ton), while the average price for exports to the UK ($2,042 per ton) and Georgia ($2,212 per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports in Azerbaijan

In 2022, the amount of zinc imported into Azerbaijan skyrocketed to 548 tons, jumping by 24% on 2021 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, zinc imports surged to $2M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Zinc in Azerbaijan (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
Iran49.1N/A872321.4%
Turkey14620923827.7%
Spain1062481196.0%
Uzbekistan12216582.4-17.8%
United Arab EmiratesN/AN/A69.20%
Kazakhstan727331N/A-54.5%
Italy229N/AN/A0%
Others15656.520.5-63.7%
Total1,5361,0081,402-4.5%

Top Suppliers of Zinc to Azerbaijan in 2022:

  1. Iran (283.5 tons)
  2. Turkey (69.3 tons)
  3. Spain (41.6 tons)
  4. Uzbekistan (21.9 tons)
  5. United Arab Emirates (21.0 tons)

Zinc Exports in Azerbaijan

In 2022, shipments abroad of zinc decreased by -8.8% to 432 tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 108% against the previous year. As a result, the exports attained the peak of 474 tons, and then contracted in the following year.

In value terms, zinc exports contracted to $955K in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 118% against the previous year. As a result, the exports attained the peak of $1.1M, and then fell in the following year.

Export of Zinc in Azerbaijan (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
United Arab Emirates9.7209612694.3%
United KingdomN/AN/A2450%
GeorgiaN/AN/A1060%
NetherlandsN/AN/A67.40%
Turkey11.928752.8110.6%
Others-21.60.7N/A-103.2%
TotalN/A4971,083117.9%

Top Export Markets for Zinc from Azerbaijan in 2022:

  1. United Arab Emirates (259.5 tons)
  2. United Kingdom (120.0 tons)
  3. Georgia (48.0 tons)
  4. Netherlands (24.0 tons)
  5. Turkey (22.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the zinc market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    • Azerbaijan

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Azerbaijan
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS
    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030
    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT
    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES
    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS
    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023
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