Iran: Unwrought Zinc Alloys Market 2022

Unwrought Zinc Alloys Market Size in Iran

After six years of growth, the Iranian unwrought zinc alloys market decreased by -X% to $X in 2021. In general, consumption, however, continues to indicate a remarkable increase. Unwrought zinc alloys consumption peaked at $X in 2020, and then reduced modestly in the following year.

Unwrought Zinc Alloys Production in Iran

In value terms, unwrought zinc alloys production fell modestly to $X in 2021 estimated in export price. In general, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Unwrought zinc alloys production peaked at $X in 2020, and then fell in the following year.

Unwrought Zinc Alloys Exports

Exports from Iran

In 2021, shipments abroad of unwrought zinc alloys was finally on the rise to reach X tons for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, exports, however, faced a abrupt downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, unwrought zinc alloys exports soared to $X in 2021. In general, exports, however, continue to indicate a deep setback. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for unwrought zinc alloys exports from Iran, accounting for a X% share of total exports. Moreover, unwrought zinc alloys exports to Singapore exceeded the volume sent to the second major destination, Iraq (X tons), more than tenfold. The third position in this ranking was occupied by India (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-X% per year) and India (-X% per year).

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

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-X% per year) and Turkey (-X% per year).

Export Prices by Country

The average unwrought zinc alloys export price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unwrought zinc alloys export price increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Zinc Alloys Imports

Imports into Iran

In 2021, the amount of unwrought zinc alloys imported into Iran fell markedly to X tons, with a decrease of -X% on the previous year. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, unwrought zinc alloys imports shrank sharply to $X in 2021. Overall, imports showed a drastic downturn. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of unwrought zinc alloys imports to Iran, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X), the United Arab Emirates ($X) and Turkey ($X) appeared to be the largest unwrought zinc alloys suppliers to Iran, together accounting for X% of total imports.

Turkey, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average unwrought zinc alloys import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform