Iran: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Iran

In 2021, the Iranian market for railway or tramway track construction material of iron or steel was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Iran

In 2021, overseas shipments of railway or tramway track construction material of iron or steel decreased by -20% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a slight reduction. The growth pace was the most rapid in 2019 with an increase of 358% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel contracted to $X in 2021. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 194% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for exports of railway or tramway track construction material of iron or steel from Iran, accounting for a 75% share of total exports. Moreover, exports of railway or tramway track construction material of iron or steel to Afghanistan exceeded the volume sent to the second major destination, Sri Lanka (X tons), sixfold. The third position in this ranking was taken by Turkey (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Afghanistan amounted to +50.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+25.6% per year) and Turkey (+8.0% per year).

In value terms, Afghanistan ($X) remains the key foreign market for railway or tramway track construction material of iron or steel exports from Iran, comprising 59% of total exports. The second position in the ranking was held by Turkey ($X), with a 19% share of total exports. It was followed by Sri Lanka, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Afghanistan stood at +46.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-5.5% per year) and Sri Lanka (-0.4% per year).

Export Prices by Country

In 2021, the average export price for railway or tramway track construction material of iron or steel amounted to $X per ton, increasing by 9.9% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 46%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Afghanistan ($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 Tajikistan (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Iran

In 2021, overseas purchases of railway or tramway track construction material of iron or steel increased by 47% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2016 when imports increased by 196% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 206% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of iron and steel railway construction materials to Iran, accounting for a 34% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Austria (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.4% per year) and Austria (-15.7% per year).

In value terms, the United Arab Emirates ($X), Russia ($X) and France ($X) were the largest iron and steel railway construction materials suppliers to Iran, with a combined 65% share of total imports. China, Turkey, Bulgaria, Austria, Slovenia and Italy lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Bulgaria, with a CAGR of +303.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for railway or tramway track construction material of iron or steel amounted to $X per ton, growing by 15% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for railway or tramway track construction material of iron or steel increased by +61.3% against 2014 indices. The pace of growth was the most pronounced in 2017 an increase of 28% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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