Iran: Iron Angle Market 2025

Iron Angle Market Size in Iran

The Iranian iron angle market declined modestly to $X in 2021, approximately mirroring the previous year. In general, consumption, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 0.4%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Iron Angle Production in Iran

In value terms, iron angle production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 3.7% against the previous year. Iron angle production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Iron Angle Exports

Exports from Iran

In 2021, shipments abroad of angles, shapes and sections (of iron or non-alloy steel) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed notable growth. The pace of growth was the most pronounced in 2015 when exports increased by 2,192% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron angle exports surged to $X in 2021. Overall, exports saw a noticeable expansion. The pace of growth was the most pronounced in 2015 when exports increased by 2,234%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Iraq (X tons), Afghanistan (X tons) and Georgia (X tons) were the main destinations of iron angle exports from Iran, with a combined 62% share of total exports. Uzbekistan, Turkey, Azerbaijan and Armenia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +59.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Georgia ($X) and Afghanistan ($X) were the largest markets for iron angle exported from Iran worldwide, together comprising 61% of total exports. Uzbekistan, Turkey, Azerbaijan and Armenia lagged somewhat behind, together comprising a further 34%.

Uzbekistan, with a CAGR of +68.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average iron angle export price amounted to $X per ton, picking up by 33% against the previous year. In general, the export price saw a relatively flat trend pattern. 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, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Afghanistan ($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 Turkey (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Iran

In 2021, the amount of angles, shapes and sections (of iron or non-alloy steel) imported into Iran shrank to X tons, waning by -5.7% against the year before. Overall, imports recorded a significant contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 3.6%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, iron angle imports soared to $X in 2021. Over the period under review, imports faced a dramatic descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X tons), Turkey (X tons) and South Korea (X tons) were the main suppliers of iron angle imports to Iran, together accounting for 72% of total imports. Spain, Luxembourg, the United Arab Emirates, Russia, China and Ukraine lagged somewhat behind, together accounting 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 Luxembourg (with a CAGR of +11.5%), while imports for the other leaders experienced a decline.

In value terms, Turkey ($X), Poland ($X) and South Korea ($X) constituted the largest iron angle suppliers to Iran, with a combined 66% share of total imports. Spain, Luxembourg, Russia, China, the United Arab Emirates and Ukraine lagged somewhat behind, together accounting for a further 28%.

Luxembourg, with a CAGR of +10.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average iron angle import price stood at $X per ton in 2021, rising by 53% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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