Iran: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Iran

In 2020, after five years of decline, there was significant growth in the Iranian iron and steel wire market, when its value increased by X% to $X. Overall, consumption, however, saw a deep reduction. Iron and steel wire consumption peaked at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Iran

In 2020, after eight years of growth, there was significant decline in shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume decreased by -X% to X tons. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Exports peaked at X tons in 2019, and then contracted remarkably in the following year.

In value terms, iron and steel wire exports dropped notably to $X in 2020. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Exports peaked at $X in 2019, and then shrank markedly in the following year.

Exports by Country

Armenia (X tons), Tajikistan (X tons) and Georgia (X tons) were the main destinations of iron and steel wire exports from Iran, together comprising X% of total exports. These countries were followed by Azerbaijan, Kazakhstan, Turkey and Italy, which together accounted for a further X 2007 to 2020, the biggest increases were in Italy (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tajikistan ($X), Turkey ($X) and Armenia ($X) appeared to be the largest markets for iron and steel wire exported from Iran worldwide, together accounting for X% of total exports. These countries were followed by Azerbaijan, Georgia, Kazakhstan and Italy, which together accounted for a further X the main countries of destination, Italy (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron and steel wire export price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Iran

For the fourth consecutive year, Iran recorded decline in overseas purchases of wire of iron or non-alloy steel (stainless steel or other alloy steel), which decreased by -X% to X tons in 2020. In general, imports faced a deep reduction. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2011 to 2020, the growth imports remained at a lower figure.

In value terms, iron and steel wire imports shrank to $X in 2020. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) was the main supplier of iron and steel wire to Iran, accounting for a X% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-X% per year) and Turkey (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

In 2020, the average iron and steel wire import price amounted to $X per ton, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2020 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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