Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Iran - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Iran (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Iran (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Iran
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Iran

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Iran (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $3.1 per unit in 2022, surging by 12% against the previous year. Over the period under review, the import price posted a resilient expansion. The growth pace was the most rapid in 2018 when the average import price increased by 142% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 South Korea ($8.1 per unit), while the price for India ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Iran (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $5.7 per unit, growing by 42% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 66%. Over the period under review, the average export prices attained the peak figure at $15 per unit in 2012; however, from 2013 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 Iraq ($10 per unit), while the average price for exports to Georgia ($3.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+64.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Iran

Imports of millstones, grindstones, grinding wheels and the like; of natural stones into Iran fell rapidly to 248K units in 2022, with a decrease of -42.4% against the previous year's figure. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 398%. As a result, imports attained the peak of 431K units, and then contracted rapidly in the following year.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones declined dramatically to $776K in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 399% against the previous year. As a result, imports attained the peak of $1.2M, and then plummeted in the following year.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Iran in 2022:

1. Turkey (174.0K units)
2. Serbia (42.7K units)
3. South Korea (11.1K units)
4. China (9.8K units)
5. United Arab Emirates (6.9K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Iran

For the third year in a row, Iran recorded decline in shipments abroad of millstones, grindstones, grinding wheels and the like; of natural stones, which decreased by -39.2% to 505 units in 2022. Over the period under review, exports recorded a dramatic setback. The smallest decline of -22.5% was in 2020. The exports peaked at 1.5K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones shrank to $2.9K in 2022. Overall, exports showed a abrupt decline. The smallest decline of -7% was in 2020. The exports peaked at $3.9K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Iran in 2022:

1. Pakistan (433.0 units)
2. Georgia (39.0 units)
3. Kuwait (19.0 units)
4. Iraq (10.0 units)

Source: IndexBox Market Intelligence Platform