Iran: Metal Wool Market 2025

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

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