Iran - Aluminum and Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAluminum Price in Iran - 2021
Contents:
- Aluminum Price in Iran (FOB) - 2022
- Aluminum Price in Iran (CIF) - 2022
- Aluminum Exports in Iran
- Aluminum Imports in Iran
Aluminum Price in Iran (FOB) - 2022
The average aluminum export price stood at $2,270 per ton in 2022, reducing by -10.4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 38%. As a result, the export price reached the peak level of $2,534 per ton, and then declined in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($6,023 per ton), while the average price for exports to Taiwan (Chinese) ($1,075 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 South Korea (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.
Aluminum Price in Iran (CIF) - 2022
In 2022, the average aluminum import price amounted to $1,178 per ton, dropping by -11.8% against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 28% against the previous year. The import price peaked at $2,549 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tajikistan ($7,243 per ton), while the price for Kazakhstan ($914 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminum Exports in Iran
In 2022, after three years of growth, there was significant decline in shipments abroad of aluminum and alloys, when their volume decreased by -19.3% to 202K tons. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 245% against the previous year.
In value terms, aluminum exports reduced markedly to $459M in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 255%.
| Export of Aluminum in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 34.3 | 140 | 549 | 395 | 125.8% |
| South Korea | 12.1 | 42.3 | 37.8 | 27.0 | 30.7% |
| Taiwan (Chinese) | 11.9 | 33.4 | 24.0 | 13.8 | 5.1% |
| India | 17.2 | 56.4 | 5.2 | 10.0 | -16.5% |
| Others | 4.1 | 11.4 | 17.5 | 12.5 | 45.0% |
| Total | 79.6 | 283 | 634 | 459 | 79.3% |
Top Export Markets for Aluminum from Iran in 2022:
- Turkey (172.8K tons)
- Taiwan (Chinese) (12.9K tons)
- India (5.9K tons)
- South Korea (4.5K tons)
Aluminum Imports in Iran
In 2022, the amount of aluminum and alloys imported into Iran was estimated at 119K tons, surging by 11% against 2021. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.5% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 98% against the previous year. As a result, imports attained the peak of 132K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, aluminum imports declined to $140M in 2022. The total import value increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 33%.
| Import of Aluminum in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Armenia | 40.6 | 14.1 | 55.5 | 44.0 | 2.7% |
| Tajikistan | 9.6 | 8.4 | 9.4 | 10.1 | 1.7% |
| Kazakhstan | N/A | N/A | N/A | 9.4 | 0% |
| Iraq | 3.9 | 4.1 | 2.9 | 7.4 | 23.8% |
| China | 8.2 | 3.4 | 14.8 | 7.0 | -5.1% |
| United Arab Emirates | 3.5 | 2.3 | 2.0 | 5.6 | 17.0% |
| Azerbaijan | 5.1 | 29.5 | N/A | 4.3 | -5.5% |
| India | 5.1 | 2.1 | 1.8 | 1.5 | -33.5% |
| Germany | 1.1 | 1.0 | 1.2 | 1.3 | 5.7% |
| Turkey | 6.2 | 11.2 | 2.0 | 0.1 | -74.7% |
| Oman | N/A | 7.5 | N/A | N/A | 0% |
| Others | 19.8 | 53.7 | 53.9 | 49.5 | 35.7% |
| Total | 103 | 137 | 144 | 140 | 10.8% |
Top Suppliers of Aluminum to Iran in 2022:
- Armenia (23.8K tons)
- Kazakhstan (10.3K tons)
- Iraq (7.7K tons)
- United Arab Emirates (2.7K tons)
- Azerbaijan (1.6K tons)
- Tajikistan (1.4K tons)
- China (1.3K tons)
- India (0.9K tons)
- Germany (0.9K tons)
- Turkey (0.1K tons)
This report provides an in-depth analysis of the aluminum market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
- Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)
Country coverage:
- Iran
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Iran
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the aluminum market in Iran.
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This report provides an in-depth analysis of the aluminium market in Iran.
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This report provides an in-depth analysis of the unwrought aluminium alloys market in Iran.
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This report provides an in-depth analysis of the aluminium and titanium market in Iran.
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This report provides an in-depth analysis of the global aluminum market.
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This report provides an in-depth analysis of the global aluminium market.
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This report provides an in-depth analysis of the global unwrought aluminium alloys market.
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This report provides an in-depth analysis of the global aluminium and titanium market.
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This report provides an in-depth analysis of the aluminum market in Iran.
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This report provides an in-depth analysis of the aluminium market in Iran.
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Discover the top import markets for aluminum worldwide and their import values in 2022. Learn about the leading countries like the United States, Netherlands, Germany, Japan, China, and more. Find key statistics and insights on the global aluminum market.
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Throughout this year, global aluminum prices continuously grew and in October 2021 gained 62% compared to October 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. As a consequence, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world´s largest aluminum importer, expanded its purchases by 4.5% against 2020.
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Prices for aluminum this year will remain low thanks to the consistent growth in global production of the metal overcoming obstacles caused by the pandemic. In the mid-term, demand for aluminum in the construction sector and car manufacturing is forecast to steadily rise. The rapid development of alternative energy sources will also drive the market up because aluminum is used in the production of solar batteries, wind generators and other components of energy facilities. In China, the launch of quotas on greenhouse gas emissions could lead to higher prices for aluminum as production for the metal in the country leaves a heavy carbon footprint.
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