Iran: Biological Product Market 2024

Biological Product Market Size in Iran

The Iranian biological product market soared to $X in 2023, jumping by X% against the previous year. In general, the total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Biological Product Production in Iran

In value terms, biological product production stood at $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Biological product production peaked in 2023 and is expected to retain growth in the immediate term.

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Biological Product Exports

Exports from Iran

In 2023, the amount of biological products exported from Iran expanded slightly to X tons, increasing by X% compared with 2022 figures. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, biological product exports expanded modestly to $X in 2023. In general, total exports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for biological product exports from Iran, accounting for a X% share of total exports. It was followed by Australia (X tons), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany totaled X%.

In value terms, Germany ($X) remains the key foreign market for biological products exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany totaled X%.

Export Prices by Country

The average biological product export price stood at $X per ton in 2023, approximately equating the previous year. Over the period under review, export price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, biological product export price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into Iran

Biological product imports into Iran dropped markedly to X tons in 2023, falling by X% against the previous year. Over the period under review, imports recorded a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, biological product imports expanded markedly to $X in 2023. Overall, total imports indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Germany (X tons) constituted the largest supplier of biological product to Iran, accounting for a X% share of total imports. Moreover, biological product imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and the United States (X% per year).

In value terms, Germany ($X), Switzerland ($X) and the United States ($X) constituted the largest biological product suppliers to Iran, with a combined X% share of total imports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average biological product import price stood at $X,329 per ton in 2023, jumping by X% against the previous year. Over the period under review, the import price recorded a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X,040 per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform