Iran: Aluminium Market 2025

Aluminium Market Size in Iran

In 2022, after three years of decline, there was significant growth in the Iranian aluminium market, when its value increased by 10% to $X. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Aluminium Production in Iran

In value terms, aluminium production fell slightly to $X in 2022 estimated in export price. Overall, production saw a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of 25%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Aluminium Exports

Exports from Iran

In 2022, shipments abroad of aluminum (unwrought, not alloyed) decreased by -32.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 187%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, aluminium exports plummeted to $X in 2022. Overall, exports saw a slight slump. The pace of growth appeared the most rapid in 2021 when exports increased by 333%. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Turkey (X tons) was the main destination for aluminium exports from Iran, accounting for a 61% share of total exports. Moreover, aluminium exports to Turkey exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by India (X tons), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.2% per year) and India (+1.0% per year).

In value terms, Turkey ($X) remains the key foreign market for aluminum (unwrought, not alloyed) exports from Iran, comprising 66% of total exports. The second position in the ranking was taken by China ($X), with a 19% share of total exports. It was followed by South Korea, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.0% per year) and South Korea (-5.2% per year).

Export Prices by Country

The average aluminium export price stood at $X per ton in 2022, with a decrease of -8.7% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium export price increased by +37.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 51%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Imports

Imports into Iran

In 2022, approx. X tons of aluminum (unwrought, not alloyed) were imported into Iran; which is down by -30.4% on the previous year's figure. In general, imports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 152%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium imports contracted markedly to $X in 2022. Over the period under review, imports saw a precipitous decrease. The pace of growth appeared the most rapid in 2019 with an increase of 205% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Tajikistan (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of aluminium imports to Iran, together accounting for 72% of total imports. Bahrain, Iraq, Singapore and Turkey lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iraq (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Tajikistan ($X) constituted the largest supplier of aluminum (unwrought, not alloyed) to Iran, comprising 77% of total imports. The second position in the ranking was taken by India ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Tajikistan stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-19.1% per year) and the United Arab Emirates (-42.7% per year).

Import Prices by Country

In 2022, the average aluminium import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tajikistan ($X per ton), while the price for Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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