Price for Safety Pins and Other Pins; of Iron or Steel in Iran - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Iran (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Iran (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Iran
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Iran

Price for Safety Pins and Other Pins; of Iron or Steel in Iran (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $5,048 per ton in 2022, with an increase of 70% against the previous year. Over the period under review, the import price posted strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($5,125 per ton), while the price for the United Arab Emirates totaled $2,940 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%).

Price for Safety Pins and Other Pins; of Iron or Steel in Iran (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $2,235 per ton in 2022, growing by 76% against the previous year. Overall, the export price, however, continues to indicate a abrupt decline. Over the period under review, the average export prices hit record highs at $7,818 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($2,313 per ton), while the average price for exports to Georgia totaled $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+11.6%).

Imports of Safety Pins and Other Pins; of Iron or Steel in Iran

In 2022, imports of safety pins and other pins; of iron or steels into Iran soared to 114 tons, growing by 189% compared with the previous year's figure. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of safety pins and other pins; of iron or steels soared to $573K in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Iran in 2022:

1. China (109.5 tons)
2. United Arab Emirates (3.7 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Iran

In 2022, shipments abroad of safety pins and other pins; of iron or steels decreased by -98.3% to 17 kg, falling for the second year in a row after two years of growth. Over the period under review, exports faced a sharp descent. The most prominent rate of growth was recorded in 2020 when exports increased by 42% against the previous year. As a result, the exports reached the peak of 1.4 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of safety pins and other pins; of iron or steels dropped sharply to $38 in 2022. In general, exports saw a dramatic descent. The smallest decline of -4.8% was in 2020.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Iran in 2022:

1. Iraq (16.0 kg)
2. Georgia (1.0 kg)

Source: IndexBox Market Intelligence Platform