Iran: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2025

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Iran

The Iranian market for hot-rolled wire rod in coil of stainless steel reached $X in 2022, standing approx. at the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.3% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Iran

In value terms, hot-rolled wire stainless steel rod production reached $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 15% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports from Iran

In 2022, overseas shipments of hot-rolled wire rod in coil of stainless steel were finally on the rise to reach X tons after three years of decline. Overall, exports, however, faced a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 365%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled wire stainless steel rod exports expanded modestly to $X in 2022. Over the period under review, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 211%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for hot-rolled wire stainless steel rod exports from Iran, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -16.0%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for hot-rolled wire rod in coil of stainless steel exports from Iran.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled -19.1%.

Export Prices by Country

In 2022, the average export price for hot-rolled wire rod in coil of stainless steel amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price showed a perceptible reduction. The pace of growth was the most pronounced in 2015 an increase of 12%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -3.7% per year.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports into Iran

In 2022, purchases abroad of hot-rolled wire rod in coil of stainless steel was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 902%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod imports dropped modestly to $X in 2022. Overall, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 when imports increased by 1,633%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest hot-rolled wire stainless steel rod supplier to Iran, accounting for a 79% share of total imports. Moreover, hot-rolled wire stainless steel rod imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by India (X kg), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.3% per year) and India (+8.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of hot-rolled wire rod in coil of stainless steel to Iran, comprising 48% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by India, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.0% per year) and India (+9.4% per year).

Import Prices by Country

In 2022, the average import price for hot-rolled wire rod in coil of stainless steel amounted to $X per ton, with a decrease of -17.5% against the previous year. Over the period under review, the import price, however, saw a modest expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 73%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then reduced dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 (+23.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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