Iran: Cushion Cover Market 2022

Cushion Cover Market Size in Iran

The Iranian cushion cover market skyrocketed to $X in 2021, jumping by 35% against the previous year. Overall, consumption showed a relatively flat trend pattern. Cushion cover consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Cushion Cover Production in Iran

In value terms, cushion cover production soared to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Cushion Cover Exports

Exports from Iran

In 2021, exports of furnishing articles for car seats from Iran reduced notably to X tons, which is down by -15.7% on 2020. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 52%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, cushion cover exports soared to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Azerbaijan (X tons) was the main destination for cushion cover exports from Iran, accounting for a 47% share of total exports. Moreover, cushion cover exports to Azerbaijan exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by Oman (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Azerbaijan amounted to +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.5% per year) and Oman (+55.9% per year).

In value terms, Germany ($X) emerged as the key foreign market for cushion cover exports from Iran, comprising 40% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with an 18% share of total exports. It was followed by Norway, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+51.8% per year) and Norway (-8.5% per year).

Export Prices by Country

In 2021, the average cushion cover export price amounted to $X per ton, with an increase of 54% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+18.8%), while the prices for the other major destinations experienced mixed trend patterns.

Cushion Cover Imports

Imports into Iran

For the fourth consecutive year, Iran recorded decline in purchases abroad of furnishing articles for car seats, which decreased by -47.5% to X tons in 2021. Overall, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2013 when imports increased by 68%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cushion cover imports fell remarkably to $X in 2021. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2013 when imports increased by 138%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest cushion cover supplier to Iran, with a 73% share of total imports. Moreover, cushion cover imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-27.3% per year) and the United Arab Emirates (-41.6% per year).

In value terms, the largest cushion cover suppliers to Iran were Turkey ($X), China ($X) and the United Arab Emirates ($X), with a combined 99% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of -2.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average cushion cover import price stood at $X per ton in 2021, surging by 10% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cushion cover import price increased by +32.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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