Report Update Nov 1, 2024

Iran - Copper - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Copper Market 2024

Copper Market Size in Iran

The Iranian copper market dropped slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a noticeable contraction. The pace of growth was the most pronounced in 2017 with an increase of 9.5%. Copper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Copper Production in Iran

In value terms, copper production shrank to $X in 2022 estimated in export price. In general, production showed a pronounced reduction. The growth pace was the most rapid in 2017 when the production volume increased by 11% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Copper Exports

Exports from Iran

In 2022, after four years of decline, there was growth in overseas shipments of copper, when their volume increased by 0.6% to X tons. Overall, exports, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2017 when exports increased by 186%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper exports totaled $X in 2022. In general, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 194% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for copper exports from Iran, accounting for a 92% share of total exports. Moreover, copper exports to China exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +20.8%.

In value terms, China ($X) remains the key foreign market for copper exports from Iran, comprising 90% of total exports. The second position in the ranking was taken by Turkey ($X), with a 9.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +14.6%.

Export Prices by Country

In 2022, the average copper export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 2.9%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-2.0%).

Copper Imports

Imports into Iran

In 2022, overseas purchases of copper were finally on the rise to reach X tons for the first time since 2015, thus ending a six-year declining trend. Overall, imports, however, saw a pronounced curtailment. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, copper imports contracted to $X in 2022. Over the period under review, imports, however, saw a deep reduction. The growth pace was the most rapid in 2015 with an increase of 38% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of copper to Iran, accounting for a 95% share of total imports. Moreover, copper imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-29.5% per year) and Turkey (-21.0% per year).

In value terms, China ($X) constituted the largest supplier of copper to Iran, comprising 76% of total imports. The second position in the ranking was taken by Turkey ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-13.5% per year) and the United Arab Emirates (-35.0% per year).

Import Prices by Country

In 2022, the average copper import price amounted to $X per ton, reducing by -52.4% against the previous year. In general, the import price showed a noticeable slump. The pace of growth was the most pronounced in 2021 an increase of 125% against the previous year. As a result, import price attained the peak level of $X per ton, and then plummeted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper in the world?

The country with the largest volume of copper consumption was Chile, comprising approx. 25% of total volume. Moreover, copper consumption in Chile exceeded the figures recorded by the second-largest consumer, China, twofold. Peru ranked third in terms of total consumption with an 11% share.

What are the largest producers of copper in the world?

Chile constituted the country with the largest volume of copper production, comprising approx. 27% of total volume. Moreover, copper production in Chile exceeded the figures recorded by the second-largest producer, Peru, twofold. China ranked third in terms of total production with an 8% share.

What are the leading suppliers of copper to Iran?

In value terms, China constituted the largest supplier of copper to Iran.

What are the leading importers of copper from Iran?

In value terms, China remains the key foreign market for copper exports from Iran, comprising 75% of total exports. The second position in the ranking was occupied by Turkey, with a 25% share of total exports.

What is the average export price for copper in Iran?

The average copper export price stood at $5,052 per ton in 2021, stabilizing at the previous year.

What is the average import price for copper in Iran?

In 2021, the average copper import price amounted to $7,571 per ton, almost unchanged from the previous year.

This report provides an in-depth analysis of the copper market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24441200 - Unrefined copper, copper anodes for electrolytic refining (including blister copper) (excluding electrocopper-plating, e lectroplating anodes)

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023