Iran: Market for Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn 2024

Market Size for Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn in Iran

After ten years of growth, the Iranian metal thread woven fabric market decreased by -69.2% to $X in 2022. In general, consumption, however, enjoyed a significant expansion. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Production of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn in Iran

In value terms, metal thread woven fabric production surged to $X in 2022 estimated in export price. In general, production, however, saw a deep setback. Metal thread woven fabric production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

Exports from Iran

Metal thread woven fabric exports from Iran skyrocketed to X square meters in 2022, growing by 132% on the year before. Overall, exports, however, recorded a sharp shrinkage. The exports peaked at X square meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, metal thread woven fabric exports totaled $X in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 96,572%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X square meters) was the main destination for metal thread woven fabric exports from Iran, accounting for a 814% share of total exports. Moreover, metal thread woven fabric exports to Iraq exceeded the volume sent to the second major destination, Azerbaijan (X square meters), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Iraq stood at +98.0%.

In value terms, Iraq ($X) remains the key foreign market for woven fabrics of metal thread and woven fabrics of metallised yarn exports from Iran, comprising 70% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a 5.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq amounted to +66.0%.

Export Prices by Country

The average metal thread woven fabric export price stood at $X per square meter in 2022, shrinking by -56.4% against the previous year. In general, the export price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of 255%. As a result, the export price attained the peak level of $X per square meter, and then shrank sharply in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per square meter), while the average price for exports to Azerbaijan stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (-15.1%).

Imports of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

Imports into Iran

After ten years of growth, overseas purchases of woven fabrics of metal thread and woven fabrics of metallised yarn decreased by -43.7% to X square meters in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 695% against the previous year. As a result, imports reached the peak of X square meters, and then contracted rapidly in the following year.

In value terms, metal thread woven fabric imports fell dramatically to $X in 2022. Overall, imports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 20,699% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X square meters) was the main metal thread woven fabric supplier to Iran, with a 4,554% share of total imports. Moreover, metal thread woven fabric imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X square meters), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-20.6% per year) and China (+30.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of woven fabrics of metal thread and woven fabrics of metallised yarn to Iran, comprising 236% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-26.9% per year) and China (+22.0% per year).

Import Prices by Country

The average metal thread woven fabric import price stood at $X per square meter in 2022, standing approx. at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per square meter in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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