Key Market Indicators
Azerbaijan's export of metal products is projected to surge to approximately $5.1 million by 2028, up from around $4.1 million in 2023. This represents an annual growth rate of 3.4%. Remarkably, since 2001, the country's metal products supply has expanded at an average rate of 11.4% each year. On the import front, Azerbaijan is expected to see its metal products imports climb to roughly $50.4 million by 2028, from $47.2 million in 2023. This indicates a more modest annual growth rate of 1%. Historically, since 2001, the nation's demand for metal products has increased by an average of 0.9% each year.
