Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iran - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iran (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iran (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iran
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iran
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iran (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $623 per ton in 2022, reducing by -10.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 74% against the previous year. As a result, the export price attained the peak level of $699 per ton, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($858 per ton), while the average price for exports to Kuwait ($164 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 Uzbekistan (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iran (CIF) - 2022
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $886 per ton in 2022, declining by -16.9% against the previous year. Over the period under review, the import price, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 69% against the previous year. Over the period under review, average import prices hit record highs at $1,066 per ton in 2021, and then fell significantly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +32.3% per year.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iran
After three years of growth, shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -32.7% to 66K tons in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 189% against the previous year. As a result, the exports attained the peak of 98K tons, and then declined sharply in the following year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses shrank dramatically to $41M in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 402% against the previous year. As a result, the exports reached the peak of $69M, and then shrank remarkably in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Armenia | 0.5 | 2.5 | 13.0 | 10.6 | 176.8% |
| Georgia | 0.7 | 0.8 | 11.7 | 7.2 | 117.5% |
| Uzbekistan | 0.6 | 3.3 | 12.6 | 6.7 | 123.5% |
| Azerbaijan | 0.3 | N/A | 3.5 | 6.0 | 171.4% |
| Jordan | 0.1 | N/A | 5.9 | 4.2 | 247.6% |
| Lebanon | 0.2 | N/A | 3.3 | 4.1 | 173.7% |
| Turkey | 2.6 | 2.0 | 1.4 | 0.8 | -32.5% |
| Tajikistan | N/A | 1.6 | 4.4 | 0.6 | -38.8% |
| Oman | 0.6 | 3.1 | 3.6 | 0.5 | -5.9% |
| Kuwait | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Others | 0.5 | 0.2 | 9.1 | 0.2 | -26.3% |
| Total | 6.2 | 13.7 | 68.7 | 41.2 | 88.0% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Iran in 2022:
- Armenia (18.1K tons)
- Georgia (11.8K tons)
- Uzbekistan (11.2K tons)
- Azerbaijan (8.6K tons)
- Lebanon (7.0K tons)
- Jordan (4.9K tons)
- Tajikistan (1.3K tons)
- Kuwait (1.3K tons)
- Turkey (1.1K tons)
- Oman (0.6K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iran
In 2022, approx. 2.9K tons of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were imported into Iran; increasing by 16% on the year before. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 148%. As a result, imports attained the peak of 3.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses declined to $2.5M in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 126% against the previous year.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.6 | 1.7 | 1.8 | 2.5 | 60.9% |
| China | 0.5 | 0.8 | 0.8 | N/A | 26.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 2.4 | 2.6 | 2.5 | 31.5% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Iran in 2022:
- Turkey (2.9K tons)
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