Iran: Wire And Cable Market 2024

Wire And Cable Market Size in Iran

In 2022, the Iranian wire and cable market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wire and cable consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Wire And Cable Production in Iran

In value terms, wire and cable production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Wire and cable production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Wire And Cable Exports

Exports from Iran

In 2022, after five years of growth, there was significant decline in overseas shipments of insulated wire and cable, when their volume decreased by X% to X tons. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, wire and cable exports shrank sharply to $X in 2022. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Iraq (X tons), Afghanistan (X tons) and Azerbaijan (X tons) were the main destinations of wire and cable exports from Iran, together comprising X% of total exports. Tajikistan, Poland, Kyrgyzstan, Armenia, Sri Lanka, Oman and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Afghanistan ($X) and Poland ($X) were the largest markets for wire and cable exported from Iran worldwide, with a combined X% share of total exports.

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

Export Prices by Country

In 2022, the average wire and cable export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Kyrgyzstan ($X 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 Oman (X%), while the prices for the other major destinations experienced a decline.

Wire And Cable Imports

Imports into Iran

In 2022, after five years of decline, there was significant growth in purchases abroad of insulated wire and cable, when their volume increased by X% to X tons. In general, imports, however, saw a pronounced slump. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wire and cable imports surged to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of wire and cable imports to Iran, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wire and cable suppliers to Iran were China ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

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

Import Prices by Country

In 2022, the average wire and cable import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank 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 South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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