Price for Chain and Parts Thereof, of Iron or Steel in Iran - 2022
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Iran (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Iran (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Iran
- Exports of Chain and Parts Thereof, of Iron or Steel in Iran
Price for Chain and Parts Thereof, of Iron or Steel in Iran (CIF) - 2022
In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $2,851 per ton, surging by 13% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chain and parts thereof, of iron or steel increased by +77.2% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($5,616 per ton), while the price for China ($2,632 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Iran (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $1,310 per ton in 2022, dropping by -19.4% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 16% against the previous year. The export price peaked at $2,979 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($11,500 per ton), while the average price for exports to Azerbaijan ($816 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 Ukraine (+50.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Iran
In 2022, purchases abroad of chain and parts thereof, of iron or steel decreased by -0.8% to 5.4K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 2.4% against the previous year. As a result, imports attained the peak of 8.6K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of chain and parts thereof, of iron or steel expanded significantly to $15M in 2022. Overall, imports continue to indicate a abrupt slump.
| Import of Chain and Parts Thereof, of Iron or Steel in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.5 | 19.0 | 11.8 | 13.4 | -6.7% |
| Turkey | 0.4 | 0.3 | 0.3 | 0.5 | 7.7% |
| Others | 1.4 | 1.1 | 1.5 | 1.4 | 0.0% |
| Total | 18.3 | 20.4 | 13.7 | 15.3 | -5.8% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Iran in 2022:
- China (5.1K tons)
- Turkey (0.1K tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Iran
In 2022, approx. 162 tons of chain and parts thereof, of iron or steel were exported from Iran; picking up by 11% against the previous year. Overall, exports, however, showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year.
In value terms, exports of chain and parts thereof, of iron or steel fell markedly to $180K in 2022. Over the period under review, exports, however, saw a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year.
| Export of Chain and Parts Thereof, of Iron or Steel in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tajikistan | 254 | 140 | 151 | 117 | -22.8% |
| Armenia | 0.6 | 4.2 | 0.1 | 50.8 | 339.1% |
| Georgia | 98.7 | N/A | 32.6 | 7.3 | -58.0% |
| Azerbaijan | 99.1 | 5.5 | 27.6 | 2.9 | -69.2% |
| Ethiopia | 31.9 | N/A | N/A | N/A | 0% |
| Ukraine | 84.0 | 0.3 | N/A | N/A | -99.6% |
| Others | 20.5 | 14.9 | 26.9 | 2.4 | -51.1% |
| Total | 589 | 165 | 239 | 180 | -32.6% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Iran in 2022:
- Tajikistan (116.2 tons)
- Armenia (37.2 tons)
- Georgia (4.5 tons)
- Azerbaijan (3.6 tons)
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