Iran: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Iran

After four years of growth, the Iranian unwrought aluminium alloys market decreased by -X% to $X in 2020. In general, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2019, and then fell in the following year.

Unwrought Aluminium Alloys Production in Iran

In value terms, unwrought aluminium alloys production dropped modestly to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2019, and then dropped modestly in the following year.

Unwrought Aluminium Alloys Exports

Exports from Iran

In 2020, overseas shipments of unwrought aluminium alloys increased by X% to X tons, rising for the third consecutive year after five years of decline. Over the period under review, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Exports peaked at X tons in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, unwrought aluminium alloys exports surged to $X in 2020. In general, exports, however, faced a abrupt setback. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Turkey (X tons) was the main destination for unwrought aluminium alloys exports from Iran, with a X% share of total exports. Moreover, unwrought aluminium alloys exports to Turkey exceeded the volume sent to the second major destination, China (X tons), tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Belgium (-X% per year).

In value terms, Turkey ($X) remains the key foreign market for unwrought aluminium alloys exports from Iran, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Turkey totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Belgium (-X% per year).

Export Prices by Country

In 2020, the average unwrought aluminium alloys export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a mild downturn. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Turkey, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into Iran

For the fifth year in a row, Iran recorded decline in supplies from abroad of unwrought aluminium alloys, which decreased by -X% to X tons in 2020. Overall, imports showed a deep slump. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. from 2011 to 2020, the growth imports remained at a lower figure.

In value terms, unwrought aluminium alloys imports reduced rapidly to $X in 2020. In general, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. from 2011 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Azerbaijan (X tons), Armenia (X tons) and Turkey (X tons) were the main suppliers of unwrought aluminium alloys imports to Iran, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Armenia, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Azerbaijan ($X) constituted the largest supplier of unwrought aluminium alloys to Iran, comprising X% of total imports. The second position in the ranking was occupied by Armenia ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Azerbaijan amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Armenia (+X% per year) and Turkey (+X% per year).

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, falling by -X% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per ton), while the price for Armenia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

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