Iran: Mineral Wool Market 2022

Mineral Wool Market Size in Iran

In 2021, after two years of growth, there was significant decline in the Iranian mineral wool market, when its value decreased by -X% to $X. Over the period under review, consumption, however, recorded a abrupt setback. Mineral wool consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Mineral Wool Exports

Exports from Iran

For the third year in a row, Iran recorded decline in overseas shipments of slag wool, rock wool and similar mineral wools and mixtures, which decreased by -X% to X tons in 2021. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, mineral wool exports rose remarkably to $X in 2021. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons), Armenia (X tons) and Italy (X tons) were the main destinations of mineral wool exports from Iran, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Armenia (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Turkey ($X) and Armenia ($X) appeared to be the largest markets for mineral wool exported from Iran worldwide, with a combined X% share of total exports.

Italy, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average mineral wool export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price enjoyed a slight increase. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices failed to regain momentum.

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

Mineral Wool Imports

Imports into Iran

In 2021, imports of slag wool, rock wool and similar mineral wools and mixtures into Iran amounted to X tons, picking up by X% against the previous year. Overall, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, mineral wool imports fell remarkably to $X in 2021. In general, imports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest mineral wool supplier to Iran, with a X% share of total imports. Moreover, mineral wool imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Germany (-X% per year).

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

From 2012 to 2021, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2021, the average mineral wool import price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mineral wool import price increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per ton in 2020, and then fell remarkably in the following year.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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