After the sharp 19% jump in prices in December, in January, prices for construction materials in Baku remained stable.
After the 47% devaluation of the manat in December the construction market went into decline, as well as in other areas. Supply exceeds demand. Many sellers of building materials suffer losses because the goods were taken mainly on short-term credit and also sold on credit. Housing prices fell by 2-3 times.
It is expected that stagnation will continue in February on the background of low oil prices, the proceeds of which are the main catalyst for economic activity.
Comparative prices of several construction materials for the month reported:
Table 1: Retail prices of construction fittings in $ per ton
|
Profile |
01.01.16 |
01.02.16 |
Proportion % |
Production |
|
8 |
660 |
660 |
0 |
Local |
|
10 |
660 |
660 |
0 |
- |
|
12 -32 |
660 |
660 |
0 |
- |
|
14 –40 |
660 |
660 |
0 |
- |
Table 2: Prices of cube stones and facing stones (pieces and square meters)
|
Name |
01.01.16 |
01.02.16 |
Proportion in % |
|
Cube stone from Garadagh quarry |
0.45 |
0.45 |
0 |
|
Guzdek quarry |
0.40 |
0.40 |
0 |
|
Fireproof bricks |
1.80 |
1.80 |
0 |
|
Common bricks |
0.30 |
0.30 |
0 |
|
10 |
0.30 |
0.30 |
0 |
|
12 |
0.30 |
0.30 |
0 |
|
Imported facing stones in square meters |
|
|
|
|
Local facing stones |
|
|
|
Тable 3: Slate and roofing slate (in AZN)
|
Name |
Size |
01.01.16 |
01.02.16 |
Proportion % |
Production |
|
Slate from asbestos |
Six kinds |
7.20 |
7.20 |
0 |
Russia |
|
Iron |
1,7 square meters |
8.0 |
8.0 |
0 |
Ukraine |
|
-- |
-- |
|
|
|
Kazakhstan |
|
-- |
2 square meters, straight |
9.50 |
9.50 |
0 |
Ukraine |
|
|
|
|
|
|
Kazakhstan |
|
Roofing slate |
1square meter, brilliant |
6.50 |
6.50 |
0 |
Finland |
|
|
1m2 |
|
|
|
Russia |
|
|
1m2, simple |
6.70 |
6.70 |
0 |
Finland |
|
|
1m2 |
|
|
|
Local |
Table 4: Prices of glass (1 m2 in AZN)
|
Glass |
Thickness in mm |
01.01.16 |
01.02.16 |
Proportion % |
Production |
|
Simple |
4 |
16.0 |
16.0 |
0 |
Iran |
|
---- |
6 |
21.0 |
21.0 |
0 |
|
|
---- |
8 |
29.0 |
29.0 |
0 |
|
|
|
10 |
33.0 |
33.0 |
0 |
|
|
Dense, transparent |
4 |
15.0 |
15.0 |
0 |
|
|
Dense, brown |
4 |
16.0 |
16.0 |
0 |
|
|
Mirror |
4 |
22.0 |
22.0 |
0 |
|
Table 5: Nails (kg in AZN)
|
Aim |
Size |
01.01.16 |
01.02.16 |
Proportion % |
Production |
|
For slate |
120 |
2.0 |
2.0 |
0 |
Russia |
|
For iron |
100 |
2.50 |
2.50 |
0 |
-- |
|
For concrete |
Simple |
2.50 |
2.50 |
0 |
-- |
|
Economic |
60-80 |
1.50 |
1.50 |
0 |
-- |
|
-- |
150 |
1.50 |
1.50 |
0 |
-- |
Table 6: Bars (cubic meters in AZN)
|
Name |
Size |
01.01.16 |
01.02.16 |
Proportion % |
Production |
|
Pine |
3-10 |
295 |
280 |
-15.0 -5.08% |
Russia |
Table 7: Russian wooden covers (1 square meter in AZN)
|
Name |
Thickness |
Area |
01.01.16 |
01.02.16 |
Proportion % |
|
Plywood |
6 |
2,25 |
13.0 |
13.0 |
0 |
|
-- |
8 |
2,25 |
16.0 |
16.0 |
0 |
|
-- |
10 |
2,25 |
18.0 |
18.0 |
0 |
|
-- |
12 |
2,25 |
20.0 |
20.0 |
0 |
|
-- |
15 |
2,25 |
24.5 |
24.5 |
0 |
|
-- |
18 |
2,25 |
30.0 |
30.0 |
0 |
|
AQL |
16 |
6,125 |
47.0 |
47.0 |
0 |
|
AQL simple |
16 |
6,125 |
|
|
|
|
ALL |
4 |
4,813 |
10.0 |
10.0 |
0 |
Table 8: Building cement (1 bag in AZN)
|
Trademark
|
Weight |
01.01.16 |
01.02.16 |
Proportion % |
Production |
|
Optimal |
50 |
5.0 |
5.0 |
0 |
Holsim – Garadagh cement plant |
|
Special |
50 |
5.0 |
5.0 |
0 |
-- |
|
Simple |
50 |
5.0 |
5.0 |
0 |
Volgograd, Russia |
|
M400 |
50 |
5.0 |
5.0 |
0 |
-- |
Table 9: Sand and building gravel (a truck’s load in AZN)
|
|
Weight, tons |
01.01.16 |
01.02.16 |
Proportion % |
|
Baku (Shikhlar) |
12 |
200 |
200 |
0 |
|
Shurabad |
12 |
200 |
200 |
0 |
|
Mingachevir |
12 |
330 |
330 |
0 |
|
Gravel |
12 |
320 |
320 |
0 |
Table 10: Emulsion and paints for building
|
Kind |
Net weight, kg |
01.01.16 |
01.02.16 |
Proportion in % |
Production |
|
Emulsion for internal decoration |
25 |
40.0 |
40.0 |
0 |
Turkey |
|
Emulsion for façade |
25 |
45.0 |
45.0 |
0 |
-- |
|
Brilliant paint |
20 |
65.0 |
65.0 |
0 |
-- |
|
Simple paint |
25 |
55.0 |
55.0 |
0 |
-- |
Table 11: Plasterboard (Alchipan) in AZN per piece
|
Kind |
Size |
01.01.16 |
01.02.16 |
Proportion % |
Production |
|
For ceilings |
120/250 |
8.0 |
8.0 |
0 |
Turkey |
|
For partitions |
120/250 |
11.0 |
11.0 |
0 |
-- |
Table 12: Plastic pipes (1 meter in AZN)
|
Profile |
01.01.16 |
01.02.16 |
Proportion in %
|
|
20 |
0.50 |
0.50 |
0 |
|
25 |
0.80 |
0.80 |
0 |
|
32 |
1.50 |
1.50 |
0 |
|
40 |
2.40 |
2.40 |
0 |
|
50 |
3.60 |
3.60 |
0 |
|
100x1 |
3.50 |
3.50 |
0 |
|
100x2 |
5.0 |
5.0 |
0 |
|
100x3 |
7.0 |
7.0 |
0 |
|
|
2621.95 |
2606.95 |
-0.57% |
Markets Review
-
The construction materials market in Baku in November exhibited modest but varied shifts in pricing, influenced by local production, imports, and fluctuating supply chain conditions. While many categories remained stable, certain materials saw notable price adjustments, reflecting broader economic trends.
-
In November 2024, the average price of a consumer basket (CB) for 30 basic domestically produced food items compiled by the Turan agency in Baku rose by 0.6%.
-
In November 2024, the lending situation changed in two Azerbaijani banks. These banks revised the interest rates for both consumer and business loans offered in Azerbaijani manats.
-
In November 2024, the situation regarding deposit acceptance in seven Azerbaijani banks changed. These banks revised their interest rates for deposits made in Azerbaijani manats, US dollars, and euros. For example, the annual interest rate for deposits in the national currency (Azerbaijani manat) for a one-year term is as follows: Accessbank: 9-11% to 8.5-11% ; International Bank of Azerbaijan: 10-11% to 10.5-11.5%; Azer-Türk Bank: 5-5.5% to 8-8.5%; Bank of Baku: 10.5-11% to 12%; Kapitalbank: 9-10% to 10-11%; Rabitabank: 7.5-11% to 7.5-11.5% ; Ziraatbank Azerbaijan: 7.5-8.5% to 8-9%.
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