Iran: Other Chemical Products Market 2024

Other Chemical Products Market Size in Iran

The Iranian other chemical products market reached $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Other chemical products consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Other Chemical Products Production in Iran

In value terms, other chemical products production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Other Chemical Products Exports

Exports from Iran

After three years of growth, shipments abroad of other chemical products decreased by X% to X tons in 2022. Over the period under review, exports faced a abrupt downturn. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, other chemical products exports dropped sharply to $X in 2022. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Germany (X tons), Democratic Republic of the Congo (X tons) and Azerbaijan (X tons) were the main destinations of other chemical products exports from Iran, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for other chemical products exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports. It was followed by Zambia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2022, the average other chemical products export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price posted a significant increase. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Iran

In 2022, after five years of decline, there was significant growth in supplies from abroad of other chemical products, when their volume increased by X% to X tons. Overall, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, other chemical products imports expanded significantly to $X in 2022. In general, imports, however, recorded a deep setback. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of other chemical products to Iran, accounting for a X% share of total imports. Moreover, other chemical products imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and South Korea (X% per year).

In value terms, Ireland ($X), China ($X) and Turkey ($X) appeared to be the largest other chemical products suppliers to Iran, together comprising X% of total imports.

In terms of the main suppliers, Ireland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average other chemical products import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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