In July, the prices of construction materials increased by 2%.
In July, prices for construction materials in Baku rose by an average of 2%.
The following items became more expensive: Guzdek cobblestone (+46%), Karadag cobblestone (+26%), brick (+18%), refractory brick (+11%), construction sand (+9%), ordinary glass (+7%), iron roofing (+4%), and others.
Prices for other construction materials increased by 3-5% or remained unchanged.
Comparative prices of some construction materials over the last month:
Table 1. Retail price of construction rebar $/t
|
Profile |
7.08.2024 |
7.07.2024 |
Difference |
Produced |
|
8 |
1250 |
1300 |
-50.0 % |
Local |
|
10 |
- |
- |
||
|
12 |
-32 |
- |
||
|
14 |
-40 |
- |
Table 2. Prices of local stone-based masonry materials, AZN/piece
|
Name |
7.08.2024 |
7.07.2024 |
Difference |
|
Karadag stone |
0.95 |
0.75 |
+0.20 % 26 |
|
Guzdek stone |
0.90 |
0.65 |
+0.30 % 46 |
|
Refractory brick |
2.50 |
2.25 |
+0.25 % 11 |
|
Ordinary brick |
0.65 |
0.55 |
+0.10 % 18 |
Table 3. Prices of roofing materials in AZN
|
Roofing Materials |
Size |
7.08.2024 |
7.07.2024 |
Difference |
Produced |
|
Asbestos slate |
6 wave |
11.0 |
11.0 |
0 |
Russia |
|
Iron |
17 wave |
13.0 |
12.50 |
+0.50 % 4 |
Ukraine |
|
2 wave flat |
18.0 |
17.0 |
+1.0 % 6 |
Ukraine |
|
|
Modern roofing |
1 wave glossy |
10.0 |
10.0 |
0 |
Finland |
|
1 wave non-glossy |
13.0 |
12.50 |
+0.50 % 4 |
Finland |
Table 4. Glass prices in AZN/sq.m
|
Glass Type |
Thickness mm |
7.08.2024 |
7.07.2024 |
Difference |
Produced |
|
Ordinary glass |
4 |
15.0 |
14.0 |
+1.0 % 7 |
Iran |
|
6 |
12.0 |
12.0 |
0 |
||
|
8 |
22.0 |
22.0 |
0 |
||
|
10 |
24.0 |
24.0 |
0 |
||
|
Frosted white glass |
4 |
16.0 |
16.0 |
0 |
|
|
Frosted chestnut |
4 |
16.0 |
16.0 |
0 |
|
|
Mirror glass |
4 |
27.0 |
26.0 |
+1.0 % 4 |
Table 5. Nail prices in AZN/kg
|
Purpose |
Size |
7.08.2024 |
7.07.2024 |
Difference |
Produced |
|
For slate |
120 |
5.0 |
5.0 |
0 |
|
|
For iron |
100 |
5.0 |
5.0 |
0 |
|
|
For concrete |
Ordinary |
5.0 |
5.0 |
0 |
|
|
Ordinary nail |
60-80 |
3.0 |
3.0 |
0 |
|
|
150 |
3.0 |
3.0 |
0 |
Table 6. Timber prices in AZN/1 cu. m
|
Name |
Size |
7.08.2024 |
7.07.2024 |
Difference |
Produced |
|
Pine timber |
3-10 |
340 |
350 |
-10.0 % 3 |
Russia |
Table 7. Russia's wood-based panels in AZN
|
Thickness |
Area sq.m |
7.08.2024 |
7.07.2024 |
Difference |
|
Plywood |
6 |
25.0 |
26.0 |
+1.0 % 5 |
|
8 |
24.0 |
24.0 |
0 |
|
|
10 |
31.0 |
31.0 |
0 |
|
|
12 |
34.0 |
34.0 |
0 |
|
|
15 |
42.0 |
42.0 |
0 |
|
|
18 |
50.0 |
50.0 |
0 |
|
|
AQL(DSP) smooth |
16 |
40.0 |
40.0 |
0 |
|
AQL (DSP) ordinary |
16 |
38.0 |
38.0 |
0 |
|
ALL(DVP) |
4 |
23.0 |
22.0 |
+1.0 % 5 |
Table 8. Construction cement prices in kg/AZN
|
Brand |
Weight |
7.08.2024 |
7.07.2024 |
Difference |
Produced |
|
Optimal |
40 |
8.50 |
8.0 |
+0.50 % 6 |
Qaradaghcement |
|
Special |
40 |
8.50 |
8.0 |
+0.50 % 6 |
|
|
Ordinary |
40 |
8.0 |
7.20 |
+0.80 % 11 |
Russia |
|
M400 |
40 |
8.60 |
8.0 |
+0.60 % 7 |
Table 9. Construction sand prices in AZN
|
Type |
Weight |
7.08.2024 |
7.07.2024 |
Difference |
|
Baku (Shikhlar) |
12 |
600 |
550 |
+50.0 % 9 |
|
Shurabad |
12 ton |
570 |
540 |
+30.0 % 5 |
|
Mingachevir |
12 |
590 |
540 |
+50.0 % 10 |
|
Gravel |
12 ton |
500 |
450 |
+50.0 % 12 |
Table 10. Paint prices
|
Type |
Size/kg |
7.08.2024 |
7.07.2024 |
Difference |
Produced |
|
Interior emulsion |
25 |
59.0 |
57.0 |
+2.0 % 3 |
Turkey |
|
Facade emulsion |
25 |
65.0 |
65.0 |
0 |
|
|
Glossy paint |
20 |
65.0 |
65.0 |
0 |
|
|
Non-glossy paint |
25 |
52.0 |
52.0 |
0 |
Table 11. Prices of Drywall in AZN
|
Type |
Size |
7.08.2024 |
7.07.2024 |
Difference |
Produced |
|
For ceiling |
120/250 |
12.0 |
11.50 |
+0.50 % 4 |
Turkey |
|
For partitions |
120/250 |
14.0 |
13.50 |
+0.50 % 3 |
- |
Table 12. Prices of Local Plastic Pipes per Meter in AZN
|
Profile |
7.08.2024 |
7.07.2024 |
Difference |
|
20 |
1.25 |
1.20 |
+0.05 % 5 |
|
25 |
1.95 |
1.90 |
+0.05 % 3 |
|
32 |
2.35 |
2.35 |
0 |
|
40 |
5.10 |
5.0 |
+0.10 % 2 |
|
50 |
5.50 |
5.50 |
0 |
|
100x1 |
5.0 |
5.0 |
0 |
|
100x2 |
6.0 |
6.0 |
0 |
|
100x3 |
9.0 |
9.0 |
0 |
Total
|
7.08.2024 |
7.07.2024 |
Difference |
|
|
4718.05 |
4582.45 |
+135.60 % 2 |
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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