Price for Stainless Steel in Ingots or Other Primary Forms in Iran - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Iran (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Iran (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Iran
- Exports of Stainless Steel in Ingots or Other Primary Forms in Iran
Price for Stainless Steel in Ingots or Other Primary Forms in Iran (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $3,914 per ton, waning by -12.2% against the previous year. Overall, the import price, however, showed prominent growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 61%. Over the period under review, average import prices hit record highs at $4,456 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($10,433 per ton), while the price for the Netherlands ($684 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel in Ingots or Other Primary Forms in Iran (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $396 per ton, picking up by 9.4% against the previous year. In general, the export price, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 69% against the previous year. The export price peaked at $2,519 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($444 per ton), while the average price for exports to India stood at $307 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.1%), while the prices for the other major destinations experienced a decline.
Imports of Stainless Steel in Ingots or Other Primary Forms in Iran
In 2022, imports of stainless steel in ingots or other primary forms into Iran reached 489 tons, almost unchanged from 2021. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.3% 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 -1.4% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 86%. As a result, imports attained the peak of 496 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of stainless steel in ingots or other primary forms declined to $1.9M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 77% against the previous year.
| Import of Stainless Steel in Ingots or Other Primary Forms in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 14.3 | 27.1 | 991 | 887 | 295.8% |
| China | 10.3 | 354 | 473 | 423 | 245.0% |
| Sweden | 666 | 816 | 452 | 401 | -15.6% |
| India | 59.5 | 126 | 70.3 | 63.0 | 1.9% |
| Netherlands | 37.0 | 47.5 | 27.5 | 25.6 | -11.6% |
| Turkey | 47.1 | 52.0 | 25.9 | 20.8 | -23.8% |
| United Kingdom | 45.8 | 50.0 | 24.7 | 19.5 | -24.8% |
| Others | 68.2 | 209 | 84.5 | 74.8 | 3.1% |
| Total | 948 | 1,681 | 2,149 | 1,915 | 26.4% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Iran in 2022:
- Sweden (121.4 tons)
- China (98.5 tons)
- United Arab Emirates (85.0 tons)
- India (52.1 tons)
- Netherlands (37.4 tons)
- Turkey (25.4 tons)
- United Kingdom (20.0 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Iran
In 2022, exports of stainless steel in ingots or other primary forms from Iran contracted slightly to 129 tons, falling by -4.3% compared with 2021. Over the period under review, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 9.4% against the previous year.
In value terms, exports of stainless steel in ingots or other primary forms rose slightly to $51K in 2022. Overall, exports showed a dramatic curtailment.
| Export of Stainless Steel in Ingots or Other Primary Forms in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 197 | 11.0 | 30.5 | 33.7 | -44.5% |
| India | 46.0 | 40.4 | 17.0 | 16.1 | -29.5% |
| Canada | 0.1 | N/A | N/A | N/A | 0% |
| Others | 2.3 | 2.0 | 1.3 | 1.2 | -19.5% |
| Total | 245 | 53.4 | 48.8 | 51.1 | -40.7% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Iran in 2022:
- United Arab Emirates (76.0 tons)
- India (52.5 tons)
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