Iran: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Iran

The Iranian metal self-tapping screw market stood at $X in 2022, rising by 5.2% 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). Overall, consumption showed pronounced growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Metal Self-Tapping Screw Exports

Exports from Iran

In 2022, the amount of iron or steel self-tapping screws exported from Iran fell markedly to X tons, waning by -18% compared with the previous year's figure. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 363%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal self-tapping screw exports declined dramatically to $X in 2022. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 252%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for metal self-tapping screw exports from Iran, accounting for a 69% share of total exports. Moreover, metal self-tapping screw exports to Azerbaijan exceeded the volume sent to the second major destination, Uzbekistan (X kg), threefold. The third position in this ranking was held by Armenia (X kg), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to Azerbaijan totaled +58.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-20.5% per year) and Armenia (-32.0% per year).

In value terms, Azerbaijan ($X) emerged as the key foreign market for iron or steel self-tapping screws exports from Iran, comprising 47% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 19% share of total exports. It was followed by the Czech Republic, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Azerbaijan totaled +43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-67.9% per year) and the Czech Republic (+20.1% per year).

Export Prices by Country

The average metal self-tapping screw export price stood at $X per ton in 2022, reducing by -21.1% against the previous year. In general, the export price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 61%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Azerbaijan ($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 the Czech Republic (+16.1%), while the prices for the other major destinations experienced a decline.

Metal Self-Tapping Screw Imports

Imports into Iran

In 2022, metal self-tapping screw imports into Iran soared to X tons, surging by 22% on the year before. Over the period under review, imports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of 542%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal self-tapping screw imports reached $X in 2022. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 541% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of metal self-tapping screw to Iran, with a 98% share of total imports. It was followed by Turkey (X tons), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.4%.

In value terms, China ($X) constituted the largest supplier of iron or steel self-tapping screws to Iran, comprising 98% of total imports. The second position in the ranking was held by Turkey ($X), with a 0.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +11.2%.

Import Prices by Country

The average metal self-tapping screw import price stood at $X per ton in 2022, declining by -17.2% against the previous year. Overall, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 55%. The import price peaked at $X per ton in 2021, and then dropped sharply 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 China ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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