Report Update Mar 1, 2025

Iran - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Market for Hot-Rolled Bars Of High Speed Steel 2025

Market Size for Hot-Rolled Bars Of High Speed Steel in Iran

The Iranian market for hot-rolled bars of high speed steel contracted to $X in 2022, with a decrease of -3.2% against the previous year. Over the period under review, consumption saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when the market value increased by 6.8% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Hot-Rolled Bars Of High Speed Steel in Iran

In value terms, hot-rolled high speed steel bar production declined to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 9.6% against the previous year. Hot-rolled high speed steel bar production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports from Iran

In 2016, approx. X tons of hot-rolled bars of high speed steel were exported from Iran; remaining constant against the year before. In general, exports faced a significant decline. The smallest decline of 99.9% was in 2015. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2016, the exports failed to regain momentum.

In value terms, hot-rolled high speed steel bar exports amounted to $X in 2016. Over the period under review, exports showed a significant decrease. The smallest decline of 99.9% was in 2015. The exports peaked at $X in 2014; however, from 2015 to 2016, the exports remained at a lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for hot-rolled high speed steel bar exports from Iran, accounting for a approx. 100% share of total exports.

From 2014 to 2016, the average annual rate of growth in terms of volume to Azerbaijan was relatively modest.

From 2014 to 2016, the average annual growth rate of value to Azerbaijan was relatively modest.

Export Prices by Country

The average export price for hot-rolled bars of high speed steel stood at $X per ton in 2016, approximately mirroring the previous year. Over the period under review, the export price faced a deep reduction. The growth pace was the most rapid in 2015 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2014; however, from 2015 to 2016, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Azerbaijan.

From 2014 to 2016, the rate of growth in terms of prices for Bahrain amounted to 0.0% per year.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Iran

In 2022, after three years of growth, there was significant decline in overseas purchases of hot-rolled bars of high speed steel, when their volume decreased by -28.1% to X tons. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 325% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, hot-rolled high speed steel bar imports reduced dramatically to $X in 2022. Overall, imports saw a deep contraction. The pace of growth was the most pronounced in 2014 when imports increased by 404%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest hot-rolled high speed steel bar supplier to Iran, with a 67% share of total imports. Moreover, hot-rolled high speed steel bar imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was held by China (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-6.0% per year) and China (-11.1% per year).

In value terms, Italy ($X) constituted the largest supplier of hot-rolled bars of high speed steel to Iran, comprising 72% of total imports. The second position in the ranking was taken by China ($X), with a 9.4% share of total imports. It was followed by Turkey, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.9% per year) and Turkey (-10.6% per year).

Import Prices by Country

The average import price for hot-rolled bars of high speed steel stood at $X per ton in 2022, picking up by 3% against the previous year. Over the period under review, the import price posted a pronounced increase. The most prominent rate of growth was recorded in 2016 an increase of 62%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+46.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars of high speed steel in the world?

Russia constituted the country with the largest volume of hot-rolled high speed steel bar consumption, comprising approx. 94% of total volume. It was followed by Poland, with a 1.7% share of total consumption.

What are the largest producers of hot-rolled bars of high speed steel in the world?

Russia constituted the country with the largest volume of hot-rolled high speed steel bar production, accounting for 95% of total volume. It was followed by Poland, with a 1.7% share of total production.

What are the leading suppliers of hot-rolled bars of high speed steel to Iran?

In value terms, Italy constituted the largest supplier of hot-rolled high speed steel bar to Iran, comprising 71% of total imports. The second position in the ranking was occupied by Turkey, with a 12% share of total imports. It was followed by China, with a 9.9% share.

What is the average export price for hot-rolled bars of high speed steel in Iran?

The average export price for hot-rolled bars of high speed steel stood at $5,233 per ton in 2016, almost unchanged from the previous year.

What is the average import price for hot-rolled bars of high speed steel in Iran?

In 2021, the average import price for hot-rolled bars of high speed steel amounted to $6,987 per ton, falling by -9% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled high speed steel bar 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 24106610 - Hot-rolled bars of high speed steel

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024