Iran: Market for Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters 2024

Market Size for Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters in Iran

In 2023, the Iranian market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a drastic downturn. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Exports of Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters

Exports from Iran

After four years of growth, overseas shipments of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters decreased by X% to X tons in 2023. Overall, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports of reached the maximum at X tons in 2022, and then reduced in the following year.

In value terms, exports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters reduced to $X in 2023. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2022, and then shrank in the following year.

Exports by Country

Turkey (X tons) was the main destination for exports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters from Iran, accounting for a approx. X% share of total exports.

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

In value terms, Turkey ($X) also remains the key foreign market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters exports from Iran.

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

Export Prices by Country

In 2023, the average export price for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for Turkey amounted to X% per year.

Imports of Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters

Imports into Iran

In 2023, overseas purchases of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters were finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. In general, imports, however, recorded a deep setback. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, imports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters surged to $X in 2023. Overall, imports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids supplier to Iran, with a X% share of total imports. Moreover, imports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters from China exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and India (X% per year).

In value terms, China ($X), India ($X) and Austria ($X) constituted the largest mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids suppliers to Iran, with a combined X% share of total imports.

Among the main suppliers, Austria, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a notable increase 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, import price for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform