Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Iran - 2022

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Iran (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Iran (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Iran
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Iran

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Iran (CIF) - 2022

The average import price for sanitary ware and parts thereof, of iron or steel stood at $8.2 per unit in 2022, with an increase of 83% against the previous year. Overall, the import price showed tangible growth. The import price peaked at $10 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($11 per unit), while the price for China totaled $8.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Iran (FOB) - 2022

In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $2 per unit, shrinking by -10.1% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 19%. The export price peaked at $3.2 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Armenia ($8.5 per unit), while the average price for exports to Tajikistan ($599 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+30.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Iran

After three years of growth, supplies from abroad of sanitary ware and parts thereof, of iron or steel decreased by -5.8% to 1.3M units in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of 1.4M units, and then reduced in the following year.

In value terms, imports of sanitary ware and parts thereof, of iron or steel soared to $11M in 2022. Overall, imports, however, showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Iran in 2022:

1. China (1299.0K units)
2. Turkey (23.2K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Iran

In 2022, overseas shipments of sanitary ware and parts thereof, of iron or steel decreased by -40.2% to 139K units, falling for the second year in a row after two years of growth. In general, exports recorded a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 0.8%. As a result, the exports reached the peak of 344K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of sanitary ware and parts thereof, of iron or steel contracted sharply to $281K in 2022. Over the period under review, exports showed a sharp contraction. The smallest decline of -9.5% was in 2020. The exports peaked at $818K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Iran in 2022:

1. United Arab Emirates (56.6K units)
2. Tajikistan (52.0K units)
3. Azerbaijan (11.2K units)
4. Kazakhstan (5.1K units)
5. Fiji (4.7K units)
6. Armenia (4.5K units)

Source: IndexBox Market Intelligence Platform