Iran: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2024

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Iran

The Iranian market for aluminium casks, drums, cans, boxes and similar containers declined modestly to $X in 2022, waning by X% against the previous year. In general, consumption, however, recorded a buoyant increase. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Iran

In value terms, production of aluminium casks, drums, cans, boxes and similar containers contracted to $X in 2022 estimated in export price. In general, production, however, posted a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports from Iran

In 2022, the amount of aluminium casks, drums, cans, boxes and similar containers exported from Iran soared to X units, surging by X% against 2021. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers surged to $X in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports of attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X units) was the main destination for exports of aluminium casks, drums, cans, boxes and similar containers from Iran, with a X% share of total exports. Moreover, exports of aluminium casks, drums, cans, boxes and similar containers to Afghanistan exceeded the volume sent to the second major destination, Iraq (X units), more than tenfold. The third position in this ranking was held by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Turkey (X% per year).

In value terms, Afghanistan ($X) remains the key foreign market for aluminium casks, drums, cans, boxes and similar containers exports from Iran, comprising X% of total exports. The second position in the ranking was held by Iraq ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Turkey (X% per year).

Export Prices by Country

The average export price for aluminium casks, drums, cans, boxes and similar containers stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Turkmenistan ($X per unit), while the average price for exports to Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports into Iran

In 2022, approx. X units of aluminium casks, drums, cans, boxes and similar containers were imported into Iran; reducing by X% against the previous year's figure. Overall, imports showed a sharp contraction. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers shrank to $X in 2022. Over the period under review, imports faced a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X units) constituted the largest supplier of aluminium cask, drum, can, box and similar container to Iran, accounting for a X% share of total imports. Moreover, imports of aluminium casks, drums, cans, boxes and similar containers from Saudi Arabia exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. Sri Lanka (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Sri Lanka (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of aluminium casks, drums, cans, boxes and similar containers to Iran, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The average import price for aluminium casks, drums, cans, boxes and similar containers stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium casks, drums, cans, boxes and similar containers increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then dropped modestly in the following year.

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 the United Arab Emirates ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, 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

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