Iran: Base Metal Padlock Market 2024

Base Metal Padlock Market Size in Iran

The Iranian base metal padlock market contracted remarkably to $X in 2023, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a deep contraction. Base metal padlock consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Base Metal Padlock Exports

Exports from Iran

After two years of growth, shipments abroad of base metal padlocks decreased by X% to X tons in 2023. Overall, exports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, base metal padlock exports contracted markedly to $X in 2023. Over the period under review, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

Russia (X tons), Turkey (X kg) and Kuwait (X kg) were the main destinations of base metal padlock exports from Iran, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Russia ($X) and Turkey ($X) were the largest markets for base metal padlock exported from Iran worldwide, with a combined X% share of total exports.

Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal padlock export price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, base metal padlock export price increased by X% against 2020 indices. 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 Kuwait ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Base Metal Padlock Imports

Imports into Iran

In 2023, the amount of base metal padlocks imported into Iran reduced remarkably to X tons, waning by X% against the previous year. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, base metal padlock imports shrank remarkably to $X in 2023. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Oman (X tons) were the main suppliers of base metal padlock imports to Iran, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest base metal padlock suppliers to Iran were the United Arab Emirates ($X), China ($X) and Oman ($X), together accounting for X% of total imports.

Oman, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average base metal padlock import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, base metal padlock import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined slightly 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 ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 mixed trend patterns.

Source: IndexBox Platform