Key Market Indicators
Iran's metal products imports are projected to climb to approximately $252 million by 2028, up from around $225 million in 2023. This represents a steady annual growth rate of 1.8% in compound annual growth rate (CAGR). The country's demand for metal products has been on an upward trajectory since 2002, increasing by 2.6% each year on average. In contrast, Iran's metal products exports are expected to decline slightly over the same period. By 2028, exports are forecasted to reach about $3.3 million, down from roughly $3.4 million in 2023. This marks an average annual decrease of 0.2%. Since 2002, Iran's metal product supply has seen a gradual reduction, averaging a drop of 0.3% per year.
