Iran: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Iran

The Iranian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted modestly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption recorded a deep downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Iran

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell to $X in 2022 estimated in export price. In general, production faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Iran

In 2022, shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms was finally on the rise to reach X tons after five years of decline. Over the period under review, exports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms expanded remarkably to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Iran, with a X% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Turkey exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Italy (X% per year).

In value terms, Turkey ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Iran, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Italy (X% per year).

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, showed a deep setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Belgium ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Iran

In 2022, after eight years of growth, there was decline in supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined modestly to $X in 2022. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

Malaysia (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Iran, together accounting for X% of total imports.

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

In value terms, Malaysia ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Iran, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform