Price for Iron and Non-Alloy Steel in Ingot in Iran - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Iran (FOB) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Iran (CIF) - 2022
- Exports of Iron and Non-Alloy Steel in Ingot in Iran
- Imports of Iron and Non-Alloy Steel in Ingot in Iran
Price for Iron and Non-Alloy Steel in Ingot in Iran (FOB) - 2022
In 2022, the average export price for iron and non-alloy steel in ingots amounted to $1,101 per ton, growing by 94% against the previous year. Over the period under review, the export price enjoyed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($1,296 per ton), while the average price for exports to Taiwan (Chinese) ($395 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 Jordan (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron and Non-Alloy Steel in Ingot in Iran (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $381 per ton, picking up by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. Over the period under review, average import prices hit record highs at $719 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Russia ($2,521 per ton), while the price for Azerbaijan ($263 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron and Non-Alloy Steel in Ingot in Iran
In 2022, exports of iron and non-alloy steel in ingots from Iran surged to 76K tons, with an increase of 161% compared with 2021. Overall, exports, however, continue to indicate a abrupt decline.
In value terms, exports of iron and non-alloy steel in ingots surged to $84M in 2022. Over the period under review, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron and Non-Alloy Steel in Ingot in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.5 | 4.8 | 8.4 | 30.8 | 53.6% |
| Ghana | 5.2 | 0.9 | 2.2 | 8.0 | 15.4% |
| Thailand | 11.7 | 2.8 | 2.0 | 7.4 | -14.2% |
| United Arab Emirates | 1.5 | 0.6 | 1.3 | 5.6 | 55.1% |
| Oman | 11.7 | 1.2 | 0.5 | 3.4 | -33.8% |
| Jordan | 2.4 | 0.2 | 0.4 | 2.7 | 4.0% |
| Taiwan (Chinese) | 3.2 | 0.6 | 0.4 | 1.3 | -25.9% |
| Others | 7.8 | 0.9 | 1.3 | 24.6 | 46.6% |
| Total | 52.0 | 11.9 | 16.6 | 83.8 | 17.2% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Iran in 2022:
- China (27.1K tons)
- United Arab Emirates (9.4K tons)
- Thailand (7.9K tons)
- Ghana (7.1K tons)
- Oman (4.4K tons)
- Taiwan (Chinese) (3.4K tons)
- Jordan (2.1K tons)
Imports of Iron and Non-Alloy Steel in Ingot in Iran
In 2022, purchases abroad of iron and non-alloy steel in ingots was finally on the rise to reach 8.5K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt descent.
In value terms, imports of iron and non-alloy steel in ingots soared to $3.3M in 2022. Over the period under review, imports, however, showed a sharp shrinkage.
| Import of Iron and Non-Alloy Steel in Ingot in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Azerbaijan | 3,368 | 2,220 | 948 | 1,731 | -19.9% |
| United Arab Emirates | 1,736 | 967 | 349 | 539 | -32.3% |
| Kazakhstan | 706 | 482 | 213 | 402 | -17.1% |
| Germany | 534 | 350 | 148 | 269 | -20.4% |
| China | 292 | 192 | 81.6 | 148 | -20.3% |
| Cyprus | 379 | 180 | 55.5 | 73.2 | -42.2% |
| Others | 283 | 244 | 75.3 | 90.7 | -31.6% |
| Total | 7,299 | 4,636 | 1,870 | 3,253 | -23.6% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Iran in 2022:
- Azerbaijan (6.6K tons)
- United Arab Emirates (0.6K tons)
- Kazakhstan (0.6K tons)
- Germany (0.2K tons)
- China (0.2K tons)
- Cyprus (0.2K tons)
327
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Iran.
653
This report provides an in-depth analysis of the iron and steel market in Iran.
4690
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
466
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
1062
This report provides an in-depth analysis of the global iron and steel market.
327
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Iran.
4690
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
466
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
215
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2370
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
766
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1075
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
806
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
767
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
156
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
215
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2370
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
766
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
