Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Iran - 2022

Contents:

  1. Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Iran (CIF) - 2022
  2. Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Iran (FOB) - 2022
  3. Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Iran
  4. Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Iran

Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Iran (CIF) - 2022

In 2022, the average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $1,522 per ton, leveling off at the previous year. Overall, the import price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2017 an increase of 6.7% against the previous year. Over the period under review, average import prices attained the peak figure at $2,207 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,610 per ton), while the price for Russia ($761 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.9%), while the prices for the other major suppliers experienced a decline.

Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Iran (FOB) - 2022

The average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses stood at $2,508 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price showed strong growth. The growth pace was the most rapid in 2017 an increase of 107% against the previous year. The export price peaked at $2,618 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Armenia.

From 2012 to 2022, the rate of growth in terms of prices for Armenia amounted to +6.4% per year.

Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Iran

After two years of decline, supplies from abroad of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses increased by 35% to 4.4K tons in 2022. Overall, imports, however, showed a abrupt setback.

In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses soared to $6.7M in 2022. In general, imports, however, continue to indicate a deep downturn.

Import of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7,1646,2133,4834,856-12.2%
Denmark33838923748112.5%
Taiwan (Chinese)16069.317028921.8%
South Korea59331448.8280-22.1%
India27623476.4186-12.3%
Turkey60.797.546.113931.8%
Russia15784.128.383.1-19.1%
United Arab Emirates8901,01052913.1-75.5%
Others599389253343-17.0%
Total10,2388,8004,8726,670-13.3%

Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to Iran in 2022:

  1. China (3478.6 tons)
  2. Denmark (206.0 tons)
  3. Taiwan (Chinese) (147.1 tons)
  4. Russia (109.3 tons)
  5. South Korea (107.4 tons)
  6. Turkey (80.8 tons)
  7. India (80.2 tons)
  8. United Arab Emirates (8.3 tons)

Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Iran

For the fourth year in a row, Iran recorded growth in shipments abroad of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses, which increased by 0.5% to 5.4 tons in 2022. In general, exports saw a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 64% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses totaled $14K in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 57% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Export of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Armenia6.38.613.513.629.2%
Others0.2N/AN/AN/A0%
Total6.68.613.513.627.3%

Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from Iran in 2022:

  1. Armenia (5.4 tons)

Source: IndexBox Market Intelligence Platform

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