Iran: Aluminium And Titanium Market 2024

Aluminium And Titanium Market Size in Iran

The Iranian aluminium and titanium market contracted modestly to $X in 2023, flattening at the previous year. Over the period under review, consumption continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Aluminium And Titanium Production in Iran

In value terms, aluminium and titanium production reached $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Aluminium And Titanium Exports

Exports from Iran

Aluminium and titanium exports from Iran totaled X tons in 2023, approximately equating 2022. Overall, exports enjoyed perceptible growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, aluminium and titanium exports rose slightly to $X in 2023. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for aluminium and titanium exports from Iran, with a X% share of total exports. Moreover, aluminium and titanium exports to Turkey exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), eightfold. India (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and India (X% per year).

In value terms, Turkey ($X) remains the key foreign market for aluminium and titanium exports from Iran, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2023, the average aluminium and titanium export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, aluminium and titanium export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium And Titanium Imports

Imports into Iran

In 2023, after five years of growth, there was decline in supplies from abroad of aluminium and titanium, when their volume decreased by X% to X tons. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2022, and then fell modestly in the following year.

In value terms, aluminium and titanium imports reduced to $X in 2023. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then declined modestly in the following year.

Imports by Country

Armenia (X tons), Azerbaijan (X tons) and Turkey (X tons) were the main suppliers of aluminium and titanium imports to Iran, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Azerbaijan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium and titanium suppliers to Iran were Armenia ($X), Azerbaijan ($X) and Turkey ($X), with a combined X% share of total imports. China, Kazakhstan, India and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Kazakhstan, with a CAGR of X.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average aluminium and titanium import price amounted to $X per ton, approximately reflecting the previous year. Overall, the import price, however, saw a pronounced slump. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, 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 the United Arab Emirates ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform