Price for Steel, Alloy; Ingots and Other Primary Forms in Iran - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Iran (FOB) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Iran (CIF) - 2022
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Iran
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Iran
Price for Steel, Alloy; Ingots and Other Primary Forms in Iran (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $605 per ton, remaining relatively unchanged against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, alloy; ingots and other primary formses increased by +60.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 60%. As a result, the export price reached the peak level of $605 per ton, leveling off in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($640 per ton), while the average price for exports to Thailand ($582 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 Ghana (+93.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in Iran (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $1,409 per ton, picking up by 43% against the previous year. In general, the import price, however, saw a pronounced slump. Over the period under review, average import prices reached the maximum at $2,320 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2,680 per ton), while the price for the United Arab Emirates ($947 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Ingots and Other Primary Forms in Iran
For the fourth year in a row, Iran recorded growth in overseas shipments of steel, alloy; ingots and other primary formses, which increased by 0.5% to 488K tons in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 276% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of steel, alloy; ingots and other primary formses amounted to $295M in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 502%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 13.0 | 19.6 | 51.6 | 144 | 122.9% |
| Oman | 5.8 | 3.2 | 33.8 | 94.7 | 153.7% |
| United Arab Emirates | 0.5 | 1.6 | 20.2 | 56.4 | 383.2% |
| China | N/A | N/A | 106 | N/A | 0% |
| Indonesia | N/A | 22.7 | 50.4 | N/A | 122.0% |
| Turkey | N/A | N/A | 12.7 | N/A | 0% |
| Ghana | N/A | 1.7 | 18.7 | N/A | 1000.0% |
| Others | 1.9 | N/A | N/A | N/A | 0% |
| Total | 21.2 | 48.8 | 294 | 295 | 140.5% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Iran in 2022:
- Thailand (247.8K tons)
- Oman (152.2K tons)
- United Arab Emirates (88.2K tons)
Imports of Steel, Alloy; Ingots and Other Primary Forms in Iran
In 2022, overseas purchases of steel, alloy; ingots and other primary formses decreased by -47.4% to 146 tons, falling for the second year in a row after two years of growth. Overall, imports faced a sharp decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 58%. As a result, imports attained the peak of 2.3K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steel, alloy; ingots and other primary formses dropped dramatically to $206K in 2022. Over the period under review, imports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year. As a result, imports reached the peak of $1.8M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 348 | 784 | 194 | 130 | -28.0% |
| China | 506 | 387 | 41.4 | 43.8 | -55.8% |
| United Arab Emirates | 198 | 102 | 26.6 | 18.8 | -54.4% |
| Turkey | 233 | 556 | 12.9 | 13.5 | -61.3% |
| Others | 2.0 | 1.1 | 0.1 | 0.2 | -53.6% |
| Total | 1,287 | 1,829 | 275 | 206 | -45.7% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Iran in 2022:
- India (93.6 tons)
- China (27.7 tons)
- United Arab Emirates (19.8 tons)
- Turkey (5.0 tons)
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