$Iran - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights$

Report Update: May 1, 2024

Iran - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Synthetic Rubber (Excluding Latex) in Iran - 2021

Price for Synthetic Rubber (Excluding Latex) in Iran (CIF) - 2022

In 2022, the average synthetic rubber (excluding latex) import price amounted to $2,683 per ton, increasing by 3% against the previous year. In general, the import price, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. Over the period under review, average import prices reached the peak figure at $4,358 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +4.5% per year.

Price for Synthetic Rubber (Excluding Latex) in Iran (FOB) - 2022

The average synthetic rubber (excluding latex) export price stood at $1,965 per ton in 2022, jumping by 24% against the previous year. In general, the export price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 26%. The export price peaked at $2,452 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bulgaria ($2,192 per ton) and Spain ($2,120 per ton), while the average price for exports to Pakistan ($1,631 per ton) and Turkey ($1,899 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 Bulgaria (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Rubber (Excluding Latex) in Iran

In 2022, overseas purchases of synthetic rubber (excluding latex) decreased by -36.1% to 17K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year. As a result, imports attained the peak of 30K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, synthetic rubber (excluding latex) imports fell notably to $47M in 2022. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 13% against the previous year. As a result, imports reached the peak of $71M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Synthetic Rubber (Excluding Latex) in Iran (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	13.4	18.6	13.8	46.6	51.5%
South Korea	4.4	4.1	7.9	N/A	34.0%
Germany	5.0	2.2	3.2	N/A	-20.0%
China	21.0	23.7	20.0	N/A	-2.4%
Malaysia	3.0	1.7	4.9	N/A	27.8%
United Kingdom	4.0	0.6	1.3	N/A	-43.0%
Turkey	7.7	9.6	8.7	N/A	6.3%
Others	4.1	10.6	10.9	N/A	63.1%
Total	62.8	71.2	70.8	46.6	-9.5%

Top Suppliers of Synthetic Rubber (Excluding Latex) to Iran in 2022:

United Arab Emirates (17.4K tons)

Exports of Synthetic Rubber (Excluding Latex) in Iran

In 2022, overseas shipments of synthetic rubber (excluding latex) decreased by -52.7% to 14K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 209%. As a result, the exports attained the peak of 34K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, synthetic rubber (excluding latex) exports dropped significantly to $28M in 2022. Overall, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2020 with an increase of 153% against the previous year.

Export of Synthetic Rubber (Excluding Latex) in Iran (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	5.7	8.2	27.5	14.0	34.9%
Italy	1.4	3.6	3.9	3.1	30.3%
Spain	N/A	N/A	0.2	1.7	750.0%
Pakistan	2.7	15.0	5.3	1.2	-23.7%
China	2.3	7.3	2.0	0.5	-39.9%
Bulgaria	N/A	N/A	0.8	0.5	-37.5%
Others	4.7	8.4	7.4	6.5	11.4%
Total	16.8	42.5	47.1	27.6	18.0%

Top Export Markets for Synthetic Rubber (Excluding Latex) from Iran in 2022:

Turkey (7.4K tons)
Italy (1.6K tons)
Pakistan (0.8K tons)
Spain (0.8K tons)
China (0.2K tons)
Bulgaria (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) 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 20171090 - Synthetic rubber (excluding latex)

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