Iran: P-Xylene Market 2024

P-Xylene Market Size in Iran

The Iranian p-xylene market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, recorded a drastic downturn. P-xylene consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

P-Xylene Production in Iran

In value terms, p-xylene production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

P-Xylene Exports

Exports from Iran

In 2022, the amount of p-xylene exported from Iran dropped remarkably to X tons, which is down by X% against the previous year. Overall, exports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, p-xylene exports declined remarkably to $X in 2022. Over the period under review, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for p-xylene exports from Iran, accounting for a X% share of total exports. Moreover, p-xylene exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fourfold. Thailand (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

In value terms, China ($X) remains the key foreign market for p-xylene exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the average p-xylene export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while the average price for exports to Indonesia ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced a decline.

P-Xylene Imports

Imports into Iran

After seven years of growth, purchases abroad of p-xylene decreased by X% to X tons in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced sharply in the following year.

In value terms, p-xylene imports contracted notably to $X in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then plummeted in the following year.

Imports by Country

Turkey (X tons), China (X tons) and Germany (X tons) were the main suppliers of p-xylene imports to Iran, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of p-xylene to Iran, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

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

Import Prices by Country

The average p-xylene import price stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2019; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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