Iran: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in Iran

The Iranian iron or steel towers market declined to $X in 2021, stabilizing at the previous year. Overall, consumption recorded a noticeable contraction. The pace of growth was the most pronounced in 2017 when the market value increased by 9.4% against the previous year. Iron or steel towers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Iron Or Steel Towers And Lattice Masts in Iran

In value terms, iron or steel towers production reached $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable contraction. The growth pace was the most rapid in 2014 when the production volume increased by 17% against the previous year. Iron or steel towers production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Iron Or Steel Towers And Lattice Masts

Exports from Iran

For the fourth consecutive year, Iran recorded decline in shipments abroad of iron or steel towers and lattice masts, which decreased by -25.2% to X tons in 2021. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by 246% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron or steel towers exports dropped sharply to $X in 2021. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2014 when exports increased by 594% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for iron or steel towers exports from Iran, with a 56% share of total exports. Moreover, iron or steel towers exports to Turkey exceeded the volume sent to the second major destination, Lebanon (X tons), twofold. Afghanistan (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled +235.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-5.5% per year) and Afghanistan (+44.3% per year).

In value terms, Turkey ($X), Lebanon ($X) and Afghanistan ($X) constituted the largest markets for iron or steel towers exported from Iran worldwide, with a combined 63% share of total exports.

Turkey, with a CAGR of +151.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 towers export price amounted to $X per ton, waning by -38.3% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 101% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Towers And Lattice Masts

Imports into Iran

In 2021, the amount of iron or steel towers and lattice masts imported into Iran dropped dramatically to X tons, waning by -63.7% compared with 2020 figures. In general, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 583%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, iron or steel towers imports shrank sharply to $X in 2021. Over the period under review, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2014 with an increase of 560%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest iron or steel towers supplier to Iran, with a 87% share of total imports. Moreover, iron or steel towers imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was held by Turkey (X tons), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-34.0% per year) and Turkey (-41.0% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel towers and lattice masts to Iran, comprising 82% of total imports. The second position in the ranking was held by Turkey ($X), with a 5.6% share of total imports. It was followed by Germany, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-28.8% per year) and Germany (-38.2% per year).

Import Prices by Country

In 2021, the average iron or steel towers import price amounted to $X per ton, picking up by 51% against the previous year. In general, the import price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 51%. The import price peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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