Report Update Nov 1, 2024

Iran - Iron or Steel Wool - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Metal Wool Market 2024

Metal Wool Market Size in Iran

After four years of decline, the Iranian metal wool market increased by 195% to $X in 2022. Over the period under review, consumption, however, showed a sharp descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Metal Wool Exports

Exports from Iran

Metal wool exports from Iran fell dramatically to X tons in 2022, reducing by -38.4% compared with 2021 figures. In general, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 315% against the previous year. As a result, the exports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, metal wool exports reduced notably to $X in 2022. Overall, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of 279%. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

Armenia (X tons), Bahrain (X tons) and Switzerland (X tons) were the main destinations of metal wool exports from Iran, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +283.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Armenia ($X) remains the key foreign market for iron or steel wool exports from Iran, comprising 66% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Armenia amounted to +38.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+99.1% per year) and Switzerland (+241.0% per year).

Export Prices by Country

The average metal wool export price stood at $X per ton in 2022, with an increase of 2.7% against the previous year. Overall, the export price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 22%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Bahrain ($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 Nigeria (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Wool Imports

Imports into Iran

After four years of decline, supplies from abroad of iron or steel wool increased by 51% to X tons in 2022. Over the period under review, imports, however, continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 75% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, metal wool imports soared to $X in 2022. In general, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 74%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of metal wool 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 growth rate of volume from China amounted to -20.4%.

In value terms, China ($X) constituted the largest supplier of iron or steel wool to Iran, comprising 98% of total imports. The second position in the ranking was taken by Turkey ($X), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -17.7%.

Import Prices by Country

In 2022, the average metal wool import price amounted to $X per ton, dropping by -18.5% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal wool import price increased by +11.6% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably 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 China (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel wool in the world?

The country with the largest volume of metal wool consumption was Russia, accounting for 80% of total volume. Moreover, metal wool consumption in Russia exceeded the figures recorded by the second-largest consumer, China, more than tenfold.

What are the largest producers of iron or steel wool in the world?

The country with the largest volume of metal wool production was Russia, accounting for 79% of total volume. Moreover, metal wool production in Russia exceeded the figures recorded by the second-largest producer, China, eightfold.

What are the leading suppliers of iron or steel wool to Iran?

In value terms, Turkey constituted the largest supplier of metal wool to Iran.

What are the leading importers of iron or steel wool from Iran?

In value terms, Armenia remains the key foreign market for metal wool exports from Iran, comprising 74% of total exports. The second position in the ranking was occupied by Switzerland, with an 11% share of total exports. It was followed by Cyprus, with a 9.6% share.

What is the average export price for iron or steel wool in Iran?

The average metal wool export price stood at $3,397 per ton in 2021, approximately mirroring the previous year.

What is the average import price for iron or steel wool in Iran?

In 2021, the average metal wool import price amounted to $4,293 per ton, rising by 10% against the previous year.

This report provides an in-depth analysis of the metal wool market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023