Iran: Market for Hot-Rolled Bars Of High Speed Steel 2022

Market Size for Hot-Rolled Bars Of High Speed Steel in Iran

In 2021, the Iranian market for hot-rolled bars of high speed steel increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports from Iran

Hot-rolled high speed steel bar exports from Iran totaled less than X kg in 2021, remaining relatively unchanged against the year before. In general, exports continue to indicate a dramatic curtailment. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar exports stood at less than $X in 2021. Overall, exports continue to indicate a precipitous contraction. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for hot-rolled high speed steel bar exports from Iran, accounting for a approx. X% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of volume to Azerbaijan was relatively modest.

From 2012 to 2016, the average annual growth rate of value to Azerbaijan was relatively modest.

Export Prices by Country

In 2016, the average export price for hot-rolled bars of high speed steel amounted to $X per ton, almost unchanged from the previous year. In general, the export price showed a sharp contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2016, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Azerbaijan.

From 2012 to 2016, the rate of growth in terms of prices for Azerbaijan amounted to X% per year.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Iran

In 2021, purchases abroad of hot-rolled bars of high speed steel increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, hot-rolled high speed steel bar imports expanded slightly to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of hot-rolled high speed steel bar to Iran, accounting for a X% share of total imports. Moreover, hot-rolled high speed steel bar imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X kg), sixfold. China (X kg) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and China (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of hot-rolled high speed steel bar to Iran, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and China (-X% per year).

Import Prices by Country

In 2021, the average import price for hot-rolled bars of high speed steel amounted to $X per ton, waning by -X% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-rolled high speed steel bar import price decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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