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Iran’s Refined Copper Market outlook Report

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Blister, anode, and refined copper (including ER and EW cathode) are the most important upstream copper products following mine production. Blister and anode are produced in smelting furnaces; in some technologies, anode is directly produced from concentrate without being converted into blister. Refined copper is produced in copper refineries. In electrorefining, anode is converted into cathode, whereas in electrowinning, water solution with copper content is precipitated and cathode is produced.

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Product Description

With a GDP of $415 billion in 2019, Iran was the third largest economy in the region that year. While the country’s economy was steadily growing after the drop in 2012 due to the sanctions, it dipped once again in 2019 thanks to the return of the sanctions. Due to its rich copper reserves, the country is the largest copper producer in the region; in 2019, the country was ranked the sixth largest in terms of copper reserves and the fifteenth largest copper producer in the world. But considering the capacity being built in the country, the rank in copper production can improve.

Market drivers of Iran’s refined copper

The production of wire rod is the main application of copper cathode. The production of copper wire rod in Iran is facing overcapacity. Since wire rod is used in the production of wires and cables, demand for both products is expected to increase as consumer industries, especially infrastructure and construction, are developed. With forecasts of not so impressive output growth of wire rod, demand for cathode is expected to increase first. This is because the production of wire rod requires high-quality raw materials due to the importance of electrical conductivity and deep drawing processes performed to produce wires and cables; wire rod produced from scrap, despite being a standard product, is not of high enough quality to produce thin wires such as stranded wires and winding wire.

Currently, due to its high prices, copper has been replaced with other metals such as aluminum and zamak in some applications. With forecasts of higher copper prices in the future, the trend is expected to continue. This can put pressure on demand growth for copper and refined copper by extension.

Overview of Iran’s refined copper market

The production of copper cathode in Iran is mostly from primary sources, with a small share of secondary material. Scrap is generally used directly to produce semis and a small part of it is converted into cathode in smelters. Between 2009 and 2011, the production of refined copper increased, but it declined afterwards until 2014. Output remained flat between 2014 and 2016 only to drop further in 2017. As new projects came online, output recovered. Since the National Iranian Copper Industries Co (NICICO) accounts for the largest share of refined production, any changes in the company’s output can affect overall production. Refined demand in Iran has remained around the same levels over the recent years because downstream plants are not contributing to global markets. However, sufficient raw materials can drive output higher in the private sector (downstream producers). But upstream output growth thanks to government support will accelerate, leading to increased exports of refined copper. This can boost net exports.

Breakdown of Iran’s refined copper market

Iran’s cathode output is analyzed in terms of raw material, production processes, and applications. In the first breakdown, refined copper falls into primary and secondary cathode based on raw materials. The supply of refined copper is categorized as ER and EW cathode. Demand for cathode is broken down based on applications in different consumer industries including producers of unwrought copper, wire rod, tubes, and casting parts; wire rod producers are the largest consumers of refined copper.

Key players in Iran’s refined copper market

  • National Iranian Copper Industries Co (NICICO)
  • Bahonar Copper Industries
  • Iranian Babak Copper Co

Additional Information

Industry

Refined Copper
Region

Iran
Report Type

Industry Report

Specifications

Report Attribute Details
The base year for estimation 2021
Historical data 2011-2020
Forecast period 2021-2040
Quantitative units Value in USD and Volume in Tonne
Report coverage Market Overview, Dynamics, Market Outlook, Risks to Forecast, Consumer Market, Industry Overview, Market Landscape, Competitive Landscape, Market Attractiveness, External Macro Environment Analysis
Segments covered Composition, Type, Application
Pricing and purchase options Please explore our purchase options to meet your exact research needs.

Reasons to Buy

  • Recognize the geographical distribution of import demand
  • Identify the current and future key players of the trading market
  • Achieve a better insight on potential target markets
  • Understand the behavior of major suppliers/customers either globally or regionally
  • Identify competitors as a feed for market analysis

Table of Content

1- Executive summary

2- Introduction

2-1- Objective

2-2- Market under study

2-3- Product

2-3-1- Product specifications

2-3-2- Consumption structure

2-3-2-1- Applications

2-4- Physical properties

2-5- Subjects discussed

2-6- Geographical scope under study

2-7- Study timeframe

2-8- Study currency

2-9- Potential audience

3- Market dynamics

3-1- Market drivers

3-2- Restraints

3-3- Opportunities

3-4- Challenges

4- Market overview

4-1- Market size

4-2- Industry capacities

4-2-1- Existing capacities

4-2-1-1- Capacity distribution

4-2-1-2- Geographical distribution of capacities

4-2-2- Future capacities

4-3- Output

4-3-1- Output trends

4-3-2- Operating rates

4-4- Consumption

4-4-1- Consumption trend

4-4-2- Consumption Share of domestic product

4-5- Trade

4-5-1- Exports

4-5-2- Imports

4-5-3- Trade balance

4-5-4- Market balance

4-6- Market breakdown by product type

4-7- Market breakdown by product type

4-8- Market breakdown by application

4-9- Inventory

4-9-1- Producers inventory

4-9-2- Consumers inventory

4-9-3- Traders inventory

5- Market outlook

5-1- Market factors

5-1-1- Raw materials

5-1-2- Costs and prices

5-1-3- Competition

5-1-4- The government

5-1-5- Other factors

5-2- Future scenarios

5-3- Risks to forecast

6- Consumer markets

6-1- End-user markets

6-1-1- Building construction

6-1-2- Infrastructure construction

6-1-3- Transportation manufacturing

6-1-4- Industrial equipment manufacturing

6-1-5- Durable goods manufacturing

6-1-6- Consumable goods manufacturing

6-2- Direct consumer markets

6-2-1- Major Direct consumers

6-2-1-1- Existing capacities

6-2-1-2- Drivers

7- Export potentials

7-1- Destinations

7-1-1- Trade and insurance costs

7-1-2- Import market suppliers

7-1-3- Producers potential share

8- Industry overview

8-1- Raw materials

8-1-1- The supply volume of raw materials

8-1-2- Supply channels of raw materials

8-1-3- Raw materials procurement costs

8-2- Cost structure of producers

8-3- Production cost curve

8-4- Industry value added

8-5- Generated new scrap

8-6- Technology

9- Market landscape

9-1- Domestic sales markets

9-1-1- Pricing in the domestic market

9-1-2- Potential domestic demand

9-1-3- Trade agreements for imports

9-1-4- Foreign suppliers

9-2- Foreign sales market

9-2-1- Prices

9-2-2- Potential markets overview

9-2-3- Trade agreements for exports

9-2-4- Foreign customers

10- Competitive landscape

10-1- Producers

10-1-1-1- Company profile

10-1-1-2- Revenue structure

10-1-1-3- Gross profit margins

10-1-1-4- Capacity, output and sales

10-2- Consumers

10-2-1-1- Company profile

10-2-1-2- Revenue structure

10-2-1-3- Gross profit margins

10-2-1-4- Capacity, output and sales

11- Market attractiveness

11-1- Industry rivalry

11-2- Threat of new entrants

11-3- Threat of substitutes

11-4- Bargaining power of buyers

11-5- Bargaining power of suppliers

11-6- Conclusion of Porter analysis

12- PESTEL analysis

12-1- Political factors

12-2- Economic factors

12-3- Social factors

12-4- Technology factors

12-5- Environmental factors

12-6- Legal factors

13- SWOT analysis

13-1- Large-scale companies with favorable conditions

13-1-1- Short-term strategies

13-1-2- Long-term strategies

13-2- Large-scale companies with unfavorable conditions

13-2-1- Short-term strategies

13-2-2- Long-term strategies

13-3- Small enterprises with favorable conditions

13-3-1- Short-term strategies

13-3-2- Long-term strategies

13-4- Small enterprises with unfavorable conditions

13-4-1- Short-term strategies

13-4-2- Long-term strategies

List of Figures

  1. Output and consumption; 2011-2020
  2. Market share of product applications; 2020
  3. Market surplus; 2020-2040
  4. Process flowchart
  5. Market size; 2011-2040
  6. Existing capacity; 2011-2020
  7. Capacity distribution; 2020
  8. Geographic distribution of capacities; 2020
  9. Development of future capacity; 2011-2040
  10. Amount of output; 2011-2040
  11. Operating rates of production plants; 2011-2040
  12. Amount of consumption; 2011-2040
  13. Consumption share of domestic product; 2011-2040
  14. Exports of product; 2011-2020
  15. Imports of product; 2011-2020
  16. Historical trade balance; 2011-2020
  17. Future Market balance; 2020-2040
  18. Market output breakdown by alloy type; 2011-2040
  19. Market consumption breakdown by alloy type; 2011-2040
  20. Market balance breakdown by alloy type; 2011-2040
  21. Market output breakdown by product type; 2011-2040
  22. Market consumption breakdown by product type; 2011-2040
  23. Market balance breakdown by product type; 2011-2040
  24. Market consumption breakdown by application; 2011-2040
  25. Inventories of raw materials and products at producers factories; 2011-2020
  26. Consumers’ inventory of product; 2011-2020
  27. Traders’ inventory; 2011-2020
  28. Production forecast, according to raw materials and sales analysis; 2020-2040
  29. Market surplus; 2020-2040
  30. The share of end-user industries in the consumption; 2011 and 2020
  31. Changes in the end-consumption of extrusion products; 2020 vs 2040
  32. Applications in building construction industry; 2020
  33. Applications in infrastructure construction industry; 2020
  34. Applications in transportation manufacturing industry; 2020
  35. Applications in industrial equipment manufacturing industry; 2020
  36. Applications in durable goods manufacturing industry; 2020
  37. Applications in consumable goods manufacturing industry; 2020
  38. Capacity distribution structure of direct consumers; 2020
  39. Existing capacities of direct consumers in each province; 2020
  40. Suppliers of the export potential destination; 2020
  41. Historical exports to the export potential destination and future potential; 2016-2040
  42. Up-stream domestic supply; 2011-2020
  43. Raw materials domestic supply; 2011-2020
  44. Supply channels of producer plants
  45. Spot price of raw material in the market; 2011-2040
  46. Cash cost structure for production the product; 2020
  47. Production cost curve of the plants; 2020
  48. Gross value added of the industry; 2011-2020
  49. Generated new scrap; 2011-2020
  50. Sales channels
  51. Realized price of the product in the market; 2011-2040
  52. Potential demand of each province; 2020
  53. The main foreign suppliers to the market; 2011-2020
  54. FOB price vs domestic market; 2011-2040
  55. Map of global major importers > 20,000t; 2020
  56. Major foreign customers; 2011-2020
  57. Revenue structure of the producers; FY2020
  58. Sales income and gross profit margin of the producers; FY2011-2020
  59. Output and sales of the producers; FY2011-2020
  60. Revenue structure of the consumers; FY2020
  61. Sales income and gross profit margin of the consumers; FY2011-2020
  62. Output and sales of the consumers; FY2011-2020
  63. SWOT matrix for large-scale companies with favorable conditions
  64. Strategies positioning for large-scale companies with favorable conditions
  65. SWOT matrix for large-scale companies with unfavorable conditions
  66. Strategies positioning for large-scale companies with unfavorable conditions
  67. SWOT matrix for small enterprises with favorable conditions
  68. Strategies positioning for small enterprises with favorable conditions
  69. SWOT matrix for small enterprises with unfavorable conditions
  70. Strategies positioning for small enterprises with unfavorable conditions

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