Iran: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in Iran

The Iranian iron or steel can market contracted slightly to $X in 2021, shrinking by -3.4% against the previous year. In general, consumption, however, recorded a slight reduction. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Iron or Steel Cans in Iran

In value terms, iron or steel can production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 13% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Iron or Steel Cans

Exports from Iran

In 2021, overseas shipments of iron or steel cans decreased by -22.5% to X units, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 231% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, iron or steel can exports contracted remarkably to $X in 2021. Over the period under review, exports recorded a precipitous slump. The pace of growth appeared the most rapid in 2018 when exports increased by 175%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X units) was the main destination for iron or steel can exports from Iran, accounting for a 36% share of total exports. Moreover, iron or steel can exports to Romania exceeded the volume sent to the second major destination, Oman (X units), threefold. The third position in this ranking was taken by Armenia (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+124.7% per year) and Armenia (-29.2% per year).

In value terms, Armenia ($X), Romania ($X) and Oman ($X) were the largest markets for iron or steel can exported from Iran worldwide, with a combined 67% share of total exports. Canada lagged somewhat behind, accounting for a further 6.3%.

Among the main countries of destination, Canada, with a CAGR of +415.0%, saw the highest growth rate of the value of exports, 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 iron or steel can export price amounted to $X per unit, reducing by -48.7% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 28% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+32.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Cans

Imports into Iran

Iron or steel can imports into Iran rose significantly to X units in 2021, surging by 8.7% on the previous year's figure. Overall, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 883%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, iron or steel can imports skyrocketed to $X in 2021. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 996% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest iron or steel can supplier to Iran, accounting for a 70% share of total imports. Moreover, iron or steel can imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +19.2%.

In value terms, China ($X) constituted the largest supplier of iron or steel cans to Iran, comprising 71% of total imports. The second position in the ranking was held by Turkey ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +19.2%.

Import Prices by Country

The average iron or steel can import price stood at $X per unit in 2021, with an increase of 21% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Turkey totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.3%).

Source: IndexBox Platform

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