Price for Steel, Stainless; Ingots and Other Primary Forms in Iran - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Iran (CIF) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Iran (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Iran
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Iran
Price for Steel, Stainless; Ingots and Other Primary Forms in Iran (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $3,334 per ton in 2022, increasing by 19% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. The import price peaked at $8,096 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($9,443 per ton), while the price for the United Arab Emirates ($1,643 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.3%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Stainless; Ingots and Other Primary Forms in Iran (FOB) - 2022
The average export price for steel, stainless; ingots and other primary formses stood at $610 per ton in 2022, growing by 40% against the previous year. Over the period under review, the export price, however, saw a drastic downturn. The growth pace was the most rapid in 2017 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices hit record highs at $2,425 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -11.7% per year.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Iran
Imports of steel, stainless; ingots and other primary formses into Iran contracted to 94 tons in 2022, which is down by -7.6% on the previous year's figure. Overall, imports faced a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year.
In value terms, imports of steel, stainless; ingots and other primary formses totaled $314K in 2022. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 88%.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 420 | 114 | 194 | 255 | -15.3% |
| China | 10.5 | 9.4 | 37.5 | 41.1 | 57.6% |
| United Arab Emirates | 34.6 | 7.6 | 10.5 | 11.2 | -31.3% |
| India | 34.1 | 4.7 | 6.2 | 6.4 | -42.7% |
| Others | 4.5 | 16.1 | 37.6 | 0.7 | -46.2% |
| Total | 504 | 152 | 286 | 314 | -14.6% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Iran in 2022:
- Turkey (79.8 tons)
- United Arab Emirates (6.8 tons)
- China (4.4 tons)
- India (3.1 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Iran
In 2022, shipments abroad of steel, stainless; ingots and other primary formses decreased by -47.9% to 94 tons, falling for the second year in a row after two years of growth. Overall, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 217% against the previous year. As a result, the exports attained the peak of 345 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel, stainless; ingots and other primary formses dropped dramatically to $57K in 2022. In general, exports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 69% against the previous year. As a result, the exports attained the peak of $107K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 63.3 | 53.4 | 78.1 | 57.1 | -3.4% |
| Others | N/A | 53.4 | N/A | N/A | 0% |
| Total | 63.3 | 107 | 78.1 | 57.1 | -3.4% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Iran in 2022:
- India (93.6 tons)
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