Iran: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Iran

The Iranian iron or steel leaf-spring market reduced slightly to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a mild shrinkage. Iron or steel leaf-spring consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Iran

In value terms, iron or steel leaf-spring production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a mild curtailment. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Iran

In 2022, iron or steel leaf-spring exports from Iran rose notably to X tons, with an increase of X% on 2021 figures. Overall, exports saw a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, iron or steel leaf-spring exports stood at $X in 2022. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Kuwait (X tons) was the main destination for iron or steel leaf-spring exports from Iran, with a X% share of total exports. Moreover, iron or steel leaf-spring exports to Kuwait exceeded the volume sent to the second major destination, Azerbaijan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Kuwait amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Kazakhstan (X% per year).

In value terms, Kuwait ($X) remains the key foreign market for iron or steel leaf-springs and leaves exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the average iron or steel leaf-spring export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a noticeable decline. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Kazakhstan ($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 Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Iran

In 2022, approx. X tons of iron or steel leaf-springs and leaves were imported into Iran; surging by X% against the previous year. Overall, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring imports rose markedly to $X in 2022. In general, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of iron or steel leaf-spring to Iran, with a X% share of total imports. Moreover, iron or steel leaf-spring imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. India (X tons) 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 Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, Turkey ($X), China ($X) and India ($X) were the largest iron or steel leaf-spring suppliers to Iran, with a combined X% share of total imports.

India, with a CAGR of X%, saw 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 a decline.

Import Prices by Country

In 2022, the average iron or steel leaf-spring import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for India ($X per ton) 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 a decline.

Source: IndexBox Platform

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