Price for Wire of Other Alloy Steel in Iran - 2022
Contents:
- Price for Wire of Other Alloy Steel in Iran (CIF) - 2022
- Price for Wire of Other Alloy Steel in Iran (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Iran
- Exports of Wire of Other Alloy Steel in Iran
Price for Wire of Other Alloy Steel in Iran (CIF) - 2022
The average import price for wire of other alloy steels stood at $1,326 per ton in 2022, falling by -6.9% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire of other alloy steel import price decreased by -8.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23% against the previous year. As a result, import price reached the peak level of $1,445 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
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 the United Arab Emirates ($2,209 per ton), while the price for Taiwan (Chinese) ($1,001 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 (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wire of Other Alloy Steel in Iran (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $1,138 per ton, picking up by 6.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2013 an increase of 17%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($2,766 per ton), while the average price for exports to Uzbekistan ($819 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 Pakistan (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Iran
After three years of growth, purchases abroad of wire of other alloy steels decreased by -70.2% to 1.8K tons in 2022. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2020 when imports increased by 125% against the previous year.
In value terms, wire of other alloy steel imports fell significantly to $2.4M in 2022. Overall, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 176% against the previous year.
| Import of Wire of Other Alloy Steel in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,376 | 3,804 | 3,980 | 1,147 | -5.9% |
| China | 264 | 1,282 | 1,432 | 337 | 8.5% |
| United Arab Emirates | 142 | 353 | 467 | 138 | -0.9% |
| Taiwan (Chinese) | 32.9 | 33.6 | 80.7 | 23.9 | -10.1% |
| Others | 902 | 2,032 | 2,579 | 722 | -7.2% |
| Total | 2,717 | 7,505 | 8,538 | 2,368 | -4.5% |
Top Suppliers of Wire of Other Alloy Steel to Iran in 2022:
- South Korea (1000.7 tons)
- China (239.4 tons)
- United Arab Emirates (62.7 tons)
- Taiwan (Chinese) (23.9 tons)
Exports of Wire of Other Alloy Steel in Iran
In 2022, the amount of wire of other alloy steels exported from Iran shrank markedly to 1.4K tons, with a decrease of -33.8% on 2021 figures. In general, exports saw a significant decrease. The smallest decline of -13.4% was in 2020.
In value terms, wire of other alloy steel exports declined dramatically to $1.6M in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The smallest decline of -7.2% was in 2020.
| Export of Wire of Other Alloy Steel in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 303 | 592 | 912 | 424 | 11.9% |
| Iraq | 146 | 799 | 164 | 159 | 2.9% |
| Pakistan | 61.6 | 343 | 71.6 | 70.9 | 4.8% |
| Spain | 12.6 | 238 | 40.8 | 39.5 | 46.4% |
| Uzbekistan | 13.2 | 128 | 33.9 | 38.7 | 43.1% |
| Turkmenistan | 91.8 | 221 | 38.4 | 31.7 | -29.8% |
| Tajikistan | 31.0 | 134 | 20.0 | 14.3 | -22.7% |
| Qatar | 173 | 113 | N/A | N/A | -34.7% |
| Others | 2,053 | 109 | 1,022 | 841 | -25.7% |
| Total | 2,884 | 2,676 | 2,303 | 1,620 | -17.5% |
Top Export Markets for Wire of Other Alloy Steel from Iran in 2022:
- Turkey (379.9 tons)
- Iraq (96.8 tons)
- Uzbekistan (47.3 tons)
- Spain (39.1 tons)
- Turkmenistan (33.5 tons)
- Pakistan (25.6 tons)
- Tajikistan (17.2 tons)
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