Iran: Sugars Market 2022

Sugars Market Size in Iran

After six years of decline, the Iranian sugars market increased by X% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. Sugars consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Sugars Exports

Exports from Iran

In 2021, shipments abroad of sugars, sugar ethers and salts was finally on the rise to reach X kg after two years of decline. Overall, exports continue to indicate a tangible increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, sugars exports expanded markedly to $X in 2021. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for sugars exports from Iran, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +X%.

In value terms, France ($X) also remains the key foreign market for sugars exports from Iran.

From 2012 to 2021, the average annual growth rate of value to France totaled +X%.

Export Prices by Country

The average sugars export price stood at $X per ton in 2021, waning by -X% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2021, the rate of growth in terms of prices for France amounted to +X% per year.

Sugars Imports

Imports into Iran

In 2021, overseas purchases of sugars, sugar ethers and salts increased by X% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, imports, however, saw a deep reduction. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, sugars imports soared to $X in 2021. Over the period under review, imports, however, showed a mild increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), the United Arab Emirates (X tons) and Denmark (X tons) were the main suppliers of sugars imports to Iran, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), India ($X) and Denmark ($X) constituted the largest sugars suppliers to Iran, together comprising X% of total imports.

India, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sugars import price stood at $X per ton in 2021, falling by -X% against the previous year. In general, the import price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2020, and then shrank significantly in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform