Iran: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in Iran

The Iranian articles of zinc market surged to $X in 2021, rising by 259% 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, saw a perceptible contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Articles Of Zinc Exports

Exports from Iran

Articles of zinc exports from Iran declined dramatically to X tons in 2021, waning by -49.6% against the year before. Overall, exports, however, saw a slight expansion. The pace of growth appeared the most rapid in 2017 with an increase of 329%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, articles of zinc exports shrank sharply to $X in 2021. In general, exports recorded a mild contraction. The pace of growth was the most pronounced in 2017 with an increase of 288%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kyrgyzstan (X tons) was the main destination for articles of zinc exports from Iran, with a 56% share of total exports. Moreover, articles of zinc exports to Kyrgyzstan exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Kyrgyzstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-16.5% per year) and the United Arab Emirates (+45.8% per year).

In value terms, the largest markets for articles of zinc exported from Iran were Kyrgyzstan ($X), the Netherlands ($X) and the United Arab Emirates ($X), with a combined 71% share of total exports. These countries were followed by Oman, which accounted for a further 5.1%.

Oman, with a CAGR of +21.3%, saw the highest rates of growth with regard to the value of exports, in terms of 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 articles of zinc export price amounted to $X per ton, dropping by -3% against the previous year. Over the period under review, the export price showed a noticeable descent. The pace of growth appeared the most rapid in 2019 an increase of 110% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

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 the Netherlands ($X per ton), while the average price for exports to Oman ($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 Afghanistan (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Zinc Imports

Imports into Iran

In 2021, the amount of articles of zinc imported into Iran skyrocketed to X tons, with an increase of 194% against 2020. Overall, imports, however, saw a noticeable slump. The pace of growth was the most pronounced in 2013 when imports increased by 343%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, articles of zinc imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 579%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Oman (X tons) constituted the largest supplier of articles of zinc to Iran, with a 86% share of total imports. Moreover, articles of zinc imports from Oman exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. The third position in this ranking was taken by Turkey (X tons), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Oman totaled +339.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.3% per year) and Turkey (-7.3% per year).

In value terms, Oman ($X) constituted the largest supplier of articles of zinc to Iran, comprising 82% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Turkey, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Oman totaled +326.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.3% per year) and Turkey (-10.1% per year).

Import Prices by Country

The average articles of zinc import price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 53% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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