Iran: Base Metal Hinge Market 2025

Base Metal Hinge Market Size in Iran

In 2021, the Iranian base metal hinge market decreased by -21.4% to $X, falling for the third consecutive year after two years of growth. Overall, consumption showed a relatively flat trend pattern. Base metal hinge consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Base Metal Hinge Exports

Exports from Iran

In 2021, shipments abroad of base metal hinges increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a slight decline. The most prominent rate of growth was recorded in 2017 when exports increased by 331% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, base metal hinge exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 198% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for base metal hinge exports from Iran, with a 65% share of total exports. Moreover, base metal hinge exports to Turkey exceeded the volume sent to the second major destination, Georgia (X tons), fivefold. Armenia (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+86.6% per year) and Armenia (+111.9% per year).

In value terms, Turkey ($X) remains the key foreign market for base metal hinges exports from Iran, comprising 64% of total exports. The second position in the ranking was taken by Georgia ($X), with a 17% share of total exports. It was followed by Armenia, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+64.2% per year) and Armenia (+120.4% per year).

Export Prices by Country

The average base metal hinge export price stood at $X per ton in 2021, picking up by 6% against the previous year. In general, the export price, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2014 an increase of 163%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Tajikistan ($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 Armenia (+4.1%), while the prices for the other major destinations experienced a decline.

Base Metal Hinge Imports

Imports into Iran

In 2021, supplies from abroad of base metal hinges decreased by -19.3% to X tons, falling for the third year in a row after two years of growth. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 72%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, base metal hinge imports dropped rapidly to $X in 2021. Over the period under review, imports, however, recorded a modest increase. The growth pace was the most rapid in 2013 with an increase of 148%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of base metal hinge to Iran, with a 77% share of total imports. Moreover, base metal hinge imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-3.6% per year) and the United Arab Emirates (-52.6% per year).

In value terms, China ($X) constituted the largest supplier of base metal hinges to Iran, comprising 78% of total imports. The second position in the ranking was held by Turkey ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-3.8% per year) and the United Arab Emirates (-39.2% per year).

Import Prices by Country

In 2021, the average base metal hinge import price amounted to $X per ton, dropping by -3.2% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, base metal hinge import price decreased by -14.2% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+28.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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