Iran: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Iran

The Iranian quilted textile products market rose markedly to $X in 2021, growing by 13% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.7% against 2019 indices. Quilted textile products consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Quilted Textile Products Production in Iran

In value terms, quilted textile products production surged to $X in 2021 estimated in export price. In general, production saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 45%. Quilted textile products production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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Quilted Textile Products Exports

Exports from Iran

In 2021, overseas shipments of quilted textile products in the piece (excluding embroidery) decreased by -28.8% to X kg, falling for the seventh year in a row after three years of growth. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 175% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, quilted textile products exports shrank dramatically to $X in 2021. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 209%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Iraq (X kg) was the main destination for quilted textile products exports from Iran, with a 89% share of total exports. Moreover, quilted textile products exports to Iraq exceeded the volume sent to the second major destination, Turkey (X kg), more than tenfold. Oman (X kg) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Iraq amounted to -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+3.4% per year) and Oman (-32.7% per year).

In value terms, Iraq ($X) remains the key foreign market for quilted textile products in the piece (excluding embroidery) exports from Iran, comprising 92% of total exports. The second position in the ranking was taken by Turkey ($X), with a 4.7% share of total exports. It was followed by Armenia, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iraq stood at -17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-18.4% per year) and Armenia (0.0% per year).

Export Prices by Country

In 2021, the average quilted textile products export price amounted to $X per ton, which is down by -40.4% against the previous year. In general, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2015 an increase of 29%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Armenia ($X per ton), while the average price for exports to Oman ($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 Oman (+16.3%), while the prices for the other major destinations experienced a decline.

Quilted Textile Products Imports

Imports into Iran

In 2021, purchases abroad of quilted textile products in the piece (excluding embroidery) decreased by -17.8% to X tons, falling for the fifth year in a row after three years of growth. Over the period under review, imports, however, enjoyed a notable expansion. The growth pace was the most rapid in 2014 when imports increased by 604%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, quilted textile products imports dropped markedly to $X in 2021. Overall, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 560% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Turkey (X tons) were the main suppliers of quilted textile products imports to Iran, together accounting for 100% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +24.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of quilted textile products in the piece (excluding embroidery) to Iran, comprising 69% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.5% per year) and Turkey (-31.6% per year).

Import Prices by Country

The average quilted textile products import price stood at $X per ton in 2021, waning by -7.3% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 17% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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