Iran: Zinc Market 2024

Zinc Market Size in Iran

The Iranian zinc market was finally on the rise to reach $X in 2022, after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Zinc Production in Iran

In value terms, zinc production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Zinc production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Zinc Exports

Exports from Iran

In 2022, after three years of growth, there was significant decline in overseas shipments of unwrought zinc, when their volume decreased by X% to X tons. In general, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted dramatically in the following year.

In value terms, zinc exports fell notably to $X in 2022. Over the period under review, exports, however, continue to indicate temperate growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Turkey (X tons) was the main destination for zinc exports from Iran, with a X% share of total exports. Moreover, zinc exports to Turkey exceeded the volume sent to the second major destination, China (X tons), threefold. India (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and India (X% per year).

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

From 2012 to 2022, 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 India (X% per year).

Export Prices by Country

In 2022, the average zinc export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

Zinc Imports

Imports into Iran

After two years of growth, purchases abroad of unwrought zinc decreased by X% to X tons in 2022. In general, imports continue to indicate a sharp slump. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, zinc imports dropped dramatically to $X in 2022. Overall, imports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Uzbekistan (X tons), South Korea (X tons) and Turkey (X tons) were the main suppliers of zinc imports to Iran, with a combined X% share of total imports. Taiwan (Chinese), the United Arab Emirates and India lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest zinc suppliers to Iran were Uzbekistan ($X), Taiwan (Chinese) ($X) and South Korea ($X), together accounting for X% of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to 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 zinc import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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