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
-
In October 2024, the construction materials market in Baku experienced a significant price increase, averaging 5% compared to the previous month. This sharp rise contrasts with the modest 0.9% growth seen in September, indicating a spike in demand or supply constraints in the local market. The data for October shows broader inflationary pressure affecting key construction resources, along with diverse price trends across various material categories.
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In October 2024, the average price of the consumer basket (CB) in Baku, which includes 30 essential food items of domestic production, compiled by Turan Agency, increased by 0.8%.
-
In October 2024, the situation with accepting deposits in 7 banks changed in Azerbaijan. Banks have revised the percentage of deposits placed in Azerbaijani manats and US dollars.
-
In October 2024, the situation with lending in 4 banks changed in Azerbaijan. Banks have revised the percentage of consumer and business loans in Azerbaijani manats.
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