SCI Reviews Price Changes in Tehran Construction Materials

EghtesadOnline: Out of 179 materials used in construction in Tehran Province examined by the Statistical Center of Iran during the second half of the last Iranian year (Sept. 23, 2019-March 19), copper sheet registered the highest price increase with 82.5% and jute fiber posted the sharpest price decrease with 17.7% compared with H1 of the same year (March 21-Sept. 22, 2019).

News ID: ۷۵۰۴۸۸

21 July 2020

Compared with the same period of the year before (Sept. 23, 2018-March 20, 2019), copper sheet prices increased by 120.9%, the highest, whereas the prices of bronze profile fell 64.7%, the sharpest price decrease among 179 items.

The general price index of construction materials for residential properties in Tehran stood at 457.4 in the fourth quarter of last Iranian year (Dec. 22, 2019-March 19), according to the Statistical Center of Iran.

During the four-quarter period ending March 19, the index grew by 35.1% compared with the previous year's corresponding period. The index saw a 28.3% year-on-year rise in Q4.

Compared with the previous quarter, i.e., the third quarter of last year (autumn), which ended on Dec. 21, 2019, the index rose 8.4%. The construction material price index stood at 421.8 in Q3 of last year.

The category of “ironware, rebar, profile for doors, windows and fences” with a 34.7% growth compared with Q3 and a coefficient of 18.04% gave the biggest boost to the overall index in Q4, which stood at 551.9.

The category witnessed a price hike of 39.4% compared with the previous year’s similar quarter. The price index grew by 28.5% during the four-quarter ending March 19.

"Wood" group ranked second when it comes to having an impact on the growth of construction materials’ index with a price growth of 7.6% over the previous quarter and a coefficient of 7.79%. The category’s index hit 604.2 in Q4, which was higher by 19.3% compared with the same quarter of the year before. During the four-quarter ending March 19, the growth rate of this category's price index was 42%.

The category of “mechanical facilities and thermal insulators” was the third group with the biggest impact on the overall residential construction material price index in winter. In Q4, the group's index stood at 642.1, which was higher by 13.6% compared with the previous quarter and 31.7% year-on-year. In the four quarters ending Q4, the group experienced a growth of 39.2% in its price index. The category has a coefficient of 3.26%.

In Q4, the categories of “cement, concrete, gravel and sand” and “glass” registered no change (0%) in price index compared with the previous quarter.

The “cement, concrete, gravel and sand” category’s index with the coefficient of 15.13% was registered at 403.9, which was higher by 33.6% year-on-year. In the four-quarter period ending Q4, the group experienced a growth of 48.6% in its price index.

The “glass” group index with the coefficient of 1.31% stood at 404.4 in Q4, registering an 11.3% growth compared with the same quarter of the year before. The group’s price index grew by 28.9% during the four quarters ending March 19.