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Iran’s Unwrought Copper Market Outlook Report

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Unwrought copper is an intermediate group of products that includes slabs, billets, and ingots; it is used as raw material to produce copper semis and downstream products. It should be noted that ingots have a wider range of applications and are also used to produce billets and slabs. Alloy intermediate products (especially brass) account for the largest share of demand. This is because brass RBS have stronger demand compared to other copper semis.

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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 unwrought copper

Automotive is one of the most important sectors of the transportation industry, which has been specially supported by the government during critical periods. Given the domestic monopoly in Iran’s auto market, government support translates into higher output. Parts manufacturers are also involved in auto manufacturing; copper semis such as wires and cables, RBS, and casting parts are widely used in the auto industry. Growth in the auto market will lead to improved markets for intermediate products (i.e., unwrought copper).

The construction industry in Iran is growing thanks to the expanding population and the increasing urbanization rate. Non-residential construction is part of the construction industry, but residential buildings currently contribute the most to the growth rate. With the housing supply deficit and the need for further development to meet domestic demand, the construction industry is expected to continue to grow and the economic recession will have a lesser impact on the sector. The industry is one of the most important consumers of copper semis including tubes, wire rod, and casting parts; as the industry expands, demand for unwrought copper strengthens.

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 unwrought copper by extension.

Overview of Iran’s unwrought copper market

The production of slabs in Iran has had significant fluctuations over the recent decade, with an overall downward trend. Weak demand for flat products (PSSF) as the major application of slabs affected production. The production of ingots and billets also declined in the timeframe. Decreased liquidity as well as financial challenges at producers were the major factors behind the decline in consumer industries of copper products in Iran, which was more pronounced over the recent decade due to a number of reasons. Since the current economic conditions are expected to continue over the coming years and considering the challenges of producers and businesses such as the lack of liquidity, weakened spending, and the loss of foreign markets, the production of slabs and billets is expected to decline over the coming years. Ingots constitute a major portion of unwrought copper production as well as exports in Iran. Thus, the trade balance of ingots has moved towards net exports, while that of other types of unwrought copper is in net imports. Net exports of ingots are expected to increase, but the trade balance of slabs and billets is expected to move further into net imports.

Breakdown of Iran’s unwrought copper market

Iran’s unwrought copper market is broken down using two factors: composition and application. Unwrought copper includes slabs, billets, and ingots; ingots hold the largest share, followed by billets. Using the first factor, unwrought copper is categorized based on composition: unwrought copper (non-alloy), unwrought brass, and unwrought alloy (excluding brass); brass products account for the largest market share in Iran. The second factor categorizes unwrought copper based on applications in different industries; infrastructure, industrial equipment, and durable goods are some of the most important consumers of unwrought copper.

Key players in Iran’s unwrought copper market

  • National Iranian Copper Industries Co (NICICO)
  • Bahonar Copper Industries Co
  • Yazd Metallurgical Industries

Additional Information

Industry

Copper Scrap
Region

Iran
Report Type

Industry Report

Specifications

Report Attribute Details
The base year for estimation 2021
Historical data 2011-2020
Forecast period 2021-2026
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; 2019-2026
  4. Production process flowchart
  5. Market size; 2011-2026
  6. Existing capacity; 2011-2020
  7. Capacity distribution; 2020
  8. Geographic distribution of capacities; 2020
  9. Development of future capacity; 2011-2026
  10. Amount of output; 2011-2026
  11. Operating rates of production plants; 2011-2026
  12. Amount of consumption; 2011-2026
  13. Consumption share of domestic product; 2011-2026
  14. Exports of product; 2011-2020
  15. Imports of product; 2011-2020
  16. Historical trade balance; 2011-2020
  17. Future Market balance; 2021-2026
  18. Market output breakdown by alloy type; 2011-2026
  19. Market consumption breakdown by alloy type; 2011-2026
  20. Market balance breakdown by alloy type; 2011-2026
  21. Market output breakdown by product type; 2011-2026
  22. Market consumption breakdown by product type; 2011-2026
  23. Market balance breakdown by product type; 2011-2026
  24. Market consumption breakdown by application; 2011-2026
  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; 2019-2026
  29. Market surplus; 2019-2026
  30. The share of end-user industries in the consumption; 2011 and 2020
  31. Changes in the end-consumption of extrusion products; 2020 vs 2026
  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; 2016-2026
  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; 2011-2026
  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; 2011-2026
  52. Potential demand of each province; 2020
  53. The main foreign suppliers to the market; 2011-2020
  54. FOB price vs domestic market; 2011-2026
  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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