Iran: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Iran

In 2021, the Iranian stainless steel angle market increased by 9.3% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a pronounced curtailment. Stainless steel angle consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Stainless Steel Angle Production in Iran

In value terms, stainless steel angle production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 41% against the previous year. Stainless steel angle production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Stainless Steel Angle Exports

Exports from Iran

In 2021, the amount of angles, shapes and sections of stainless steel or other alloy steel exported from Iran fell modestly to X tons, approximately mirroring 2020 figures. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 347% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, stainless steel angle exports reduced slightly to $X in 2021. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 272% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for stainless steel angle exports from Iran, accounting for a 85% share of total exports. Moreover, stainless steel angle exports to Afghanistan exceeded the volume sent to the second major destination, Iraq (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Afghanistan stood at +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+29.7% per year) and Turkmenistan (-7.8% per year).

In value terms, Afghanistan ($X) remains the key foreign market for angles, shapes and sections of stainless steel or other alloy steel exports from Iran, comprising 69% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Afghanistan amounted to +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (-5.9% per year) and Iraq (+16.4% per year).

Export Prices by Country

In 2021, the average stainless steel angle export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Iraq ($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 Turkmenistan (+2.0%), while the prices for the other major destinations experienced a decline.

Stainless Steel Angle Imports

Imports into Iran

Stainless steel angle imports into Iran rose markedly to X tons in 2021, growing by 9.4% on 2020. In general, imports, however, recorded a significant decrease. The growth pace was the most rapid in 2013 when imports increased by 120% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, stainless steel angle imports dropped significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 83%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and India (X tons) were the main suppliers of stainless steel angle imports to Iran, with a combined 76% share of total imports. The United Arab Emirates, Malaysia and Turkey lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +80.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest stainless steel angle suppliers to Iran were Italy ($X), China ($X) and India ($X), with a combined 69% share of total imports.

Among the main suppliers, Italy, with a CAGR of +28.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average stainless steel angle import price amounted to $X per ton, with a decrease of -23.4% against the previous year. Overall, the import price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 234%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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