Iran: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Iran

The Iranian metal screw hook market contracted remarkably to $X in 2022, shrinking by -18.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a dramatic descent. Metal screw hook consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Screw Hook Exports

Exports from Iran

In 2022, shipments abroad of iron or steel screw hooks and screw rings decreased by -3.3% to X kg, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a significant contraction. The pace of growth was the most pronounced in 2018 when exports increased by 97% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, metal screw hook exports skyrocketed to $X in 2022. Overall, exports recorded a precipitous slump. The pace of growth appeared the most rapid in 2016 when exports increased by 88%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg), Azerbaijan (X kg) and Armenia (X kg) were the main destinations of metal screw hook exports from Iran, together accounting for 86% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +33.8%), while the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), Azerbaijan ($X) and Armenia ($X) appeared to be the largest markets for metal screw hook exported from Iran worldwide, with a combined 60% share of total exports.

Armenia, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average metal screw hook export price stood at $X per ton in 2022, picking up by 38% against the previous year. Overall, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+1.5%), while the prices for the other major destinations experienced a decline.

Metal Screw Hook Imports

Imports into Iran

Metal screw hook imports into Iran contracted markedly to X tons in 2022, reducing by -23.1% on the previous year's figure. In general, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by 130% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal screw hook imports declined to $X in 2022. Overall, imports recorded a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 26%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal screw hook supplier to Iran, accounting for a 84% share of total imports. Moreover, metal screw hook imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+13.1% per year) and Turkey (-51.8% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel screw hooks and screw rings to Iran, comprising 73% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 6.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.6% per year) and Turkey (-44.6% per year).

Import Prices by Country

In 2022, the average metal screw hook import price amounted to $X per ton, surging by 17% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 26%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Taiwan (Chinese) ($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 (+15.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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