Iran: Aluminum Market 2025

Aluminum Market Size in Iran

In 2021, the Iranian aluminum market decreased by -49.8% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a abrupt curtailment. Aluminum consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Aluminum Production in Iran

In value terms, aluminum production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 21% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Aluminum Exports

Exports from Iran

In 2021, overseas shipments of aluminum increased by 177% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a slight expansion. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, aluminum exports skyrocketed to $X in 2021. In general, exports posted a moderate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for aluminum exports from Iran, accounting for a 69% share of total exports. Moreover, aluminum exports to Turkey exceeded the volume sent to the second major destination, India (X tons), sevenfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+7.6% per year) and Taiwan (Chinese) (-17.0% per year).

In value terms, Turkey ($X) remains the key foreign market for aluminum exports from Iran, comprising 76% of total exports. The second position in the ranking was held by China ($X), with a 7.9% share of total exports. It was followed by South Korea, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-0.4% per year) and South Korea (-1.0% per year).

Export Prices by Country

The average aluminum export price stood at $X per ton in 2021, increasing by 51% against the previous year. In general, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminum Imports

Imports into Iran

In 2021, the amount of aluminum imported into Iran fell remarkably to X tons, which is down by -86.9% against 2020 figures. In general, imports faced a sharp descent. The most prominent rate of growth was recorded in 2018 with an increase of 162%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, aluminum imports declined dramatically to $X in 2021. Over the period under review, imports saw a sharp shrinkage. The growth pace was the most rapid in 2018 with an increase of 131%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and Iraq (X tons) were the main suppliers of aluminum imports to Iran, together accounting for 73% of total imports. These countries were followed by Tajikistan, South Korea, Armenia, France, Oman, South Africa, Bahrain, Turkey and Italy, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +1,291.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Tajikistan ($X) constituted the largest supplier of aluminum to Iran, comprising 40% of total imports. The second position in the ranking was taken by India ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Tajikistan stood at -11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-16.9% per year) and the United Arab Emirates (-35.6% per year).

Import Prices by Country

In 2021, the average aluminum import price amounted to $X per ton, growing by 196% against the previous year. Overall, the import price saw a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Tajikistan ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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