Key Market Indicators
Demand for titanium imports in Azerbaijan is on the rise. It is projected to hit $30,700 by 2026, up from $23,200 in 2021. On average, the growth rate is 4.7% year on year. Since 2001, imports of titanium in Azerbaijan have skyrocketed, rising by 136% year on year. In 2021, the country ranked 59th in the world for titanium imports. Bulgaria was ahead of Azerbaijan, with $23,200 imported in 2021. France, the United Kingdom and Italy followed, ranking 2nd, 3rd and 4th respectively.