Iran: Aluminium Foil Market 2024

Aluminium Foil Market Size in Iran

The Iranian aluminium foil market skyrocketed to $X in 2022, surging by 26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a perceptible decrease. Aluminium foil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aluminium Foil Exports

Exports from Iran

In 2022, overseas shipments of aluminium foil increased by 16% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 1,161%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, aluminium foil exports soared to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 1,180%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan (X tons), Turkey (X tons) and Azerbaijan (X tons) were the main destinations of aluminium foil exports from Iran, together comprising 85% of total exports. Kyrgyzstan, the UK, Australia and Armenia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +105.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium foil exported from Iran were Uzbekistan ($X), Turkey ($X) and Azerbaijan ($X), with a combined 89% share of total exports. Armenia, the UK, Kyrgyzstan and Australia lagged somewhat behind, together accounting for a further 6.2%.

In terms of the main countries of destination, Armenia, with a CAGR of +109.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium foil export price stood at $X per ton in 2022, rising by 22% against the previous year. Over the period under review, the export price, however, showed a deep contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Foil Imports

Imports into Iran

In 2022, after two years of decline, there was significant growth in overseas purchases of aluminium foil, when their volume increased by 11% to X tons. Over the period under review, imports, however, saw a perceptible descent. The pace of growth was the most pronounced in 2016 with an increase of 54%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium foil imports skyrocketed to $X in 2022. Overall, imports, however, showed a slight reduction. The pace of growth was the most pronounced in 2016 when imports increased by 35%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest aluminium foil supplier to Iran, with a 90% share of total imports. It was followed by Germany (X tons), with a 2% share of total imports. The third position in this ranking was taken by India (X tons), with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.0% per year) and India (-1.2% per year).

In value terms, China ($X) constituted the largest supplier of aluminium foil to Iran, comprising 86% of total imports. The second position in the ranking was held by India ($X), with a 2.4% share of total imports. It was followed by Germany, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.0% per year) and Germany (-9.4% per year).

Import Prices by Country

In 2022, the average aluminium foil import price amounted to $X per ton, with an increase of 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2021 an increase of 42%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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