Report Update: May 1, 2024

Iran - Primary Polyethylene with a Specific Gravity of over 0,94 - Market Analysis, Forecast, Size, Trends And Insights

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Polyethylene Price in Iran - 2022

Polyethylene Price in Iran (FOB) - 2022

In 2022, the average polyethylene export price amounted to $935 per ton, which is down by -11.8% against the previous year. Overall, the export price showed a pronounced descent. The growth pace was the most rapid in 2021 an increase of 30%. Over the period under review, the average export prices attained the maximum at $1,508 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($1,101 per ton) and Azerbaijan ($1,086 per ton), while the average price for exports to India ($861 per ton) and China ($902 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-3.1%), while the prices for the other major destinations experienced a decline.

Polyethylene Price in Iran (CIF) - 2022

In 2022, the average polyethylene import price amounted to $1,761 per ton, dropping by -9.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 24%. As a result, import price reached the peak level of $1,938 per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,404 per ton), while the price for Thailand ($1,187 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Polyethylene Exports in Iran

In 2022, polyethylene exports from Iran rose modestly to 2.2M tons, with an increase of 2.9% against 2021. The total export volume increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 33% against the previous year. As a result, the exports reached the peak of 2.2M tons; afterwards, it flattened through to 2022.

In value terms, polyethylene exports declined to $2B in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year. As a result, the exports attained the peak of $2.2B, and then shrank in the following year.

Export of Polyethylene in Iran (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,390	1,480	1,725	1,373	-0.4%
Turkey	98.8	173	251	265	38.9%
India	12.0	32.4	68.0	82.0	89.8%
Iraq	26.0	45.5	52.8	68.6	38.2%
Azerbaijan	20.4	16.4	25.8	42.7	27.9%
Others	95.5	85.0	123	207	29.4%
Total	1,642	1,832	2,245	2,039	7.5%

Top Export Markets for Polyethylene from Iran in 2022:

China (1522.1K tons)
Turkey (241.0K tons)
India (95.3K tons)
Iraq (74.4K tons)
Azerbaijan (39.3K tons)

Polyethylene Imports in Iran

In 2022, polyethylene imports into Iran contracted to 3.3K tons, dropping by -4.6% against the previous year. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 10%.

In value terms, polyethylene imports shrank to $5.8M in 2022. Overall, imports continue to indicate a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 36%. As a result, imports attained the peak of $6.7M, and then fell in the following year.

Import of Polyethylene in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	2,445	2,043	2,684	3,277	10.3%
South Korea	745	434	480	649	-4.5%
Germany	73.3	28.1	227	356	69.3%
Saudi Arabia	377	251	262	255	-12.2%
Thailand	236	181	217	242	0.8%
United Arab Emirates	1,030	1,426	2,095	177	-44.4%
China	195	127	263	166	-5.2%
Turkey	360	79.2	48.4	149	-25.5%
Others	694	328	401	515	-9.5%
Total	6,155	4,897	6,678	5,787	-2.0%

Top Suppliers of Polyethylene to Iran in 2022:

Taiwan (Chinese) (2063.6 tons)
South Korea (371.1 tons)
Thailand (204.0 tons)
Germany (104.5 tons)
Saudi Arabia (95.9 tons)
China (85.0 tons)
United Arab Emirates (77.3 tons)
Turkey (50.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polyethylene market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20161050 - Polyethylene having a specific gravity of . 0,94, in primary forms

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023