Iran: Market for Synthetic Rubber (Excluding Latex) 2024

Market Size for Synthetic Rubber (Excluding Latex) in Iran

The Iranian synthetic rubber (excluding latex) market declined slightly to $X in 2022, waning by X% against the previous year. In general, consumption showed a noticeable reduction. Synthetic rubber (excluding latex) consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Synthetic Rubber (Excluding Latex) in Iran

In value terms, synthetic rubber (excluding latex) production contracted modestly to $X in 2022 estimated in export price. In general, production showed a pronounced decline. The growth pace was the most rapid in 2017 when the production volume increased by 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.

Exports of Synthetic Rubber (Excluding Latex)

Exports from Iran

In 2022, approx. X tons of synthetic rubber (excluding latex) were exported from Iran; declining by X% on the previous year's figure. In general, exports, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, synthetic rubber (excluding latex) exports contracted significantly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Turkey (X tons) was the main destination for synthetic rubber (excluding latex) exports from Iran, accounting for a X% share of total exports. Moreover, synthetic rubber (excluding latex) exports to Turkey exceeded the volume sent to the second major destination, Italy (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with a X% share.

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

In value terms, Turkey ($X) remains the key foreign market for synthetic rubber (excluding latex) exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with an X% share of total exports. It was followed by Spain, with a X% share.

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

Export Prices by Country

The average synthetic rubber (excluding latex) export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bulgaria ($X per ton) and Spain ($X per ton), while the average price for exports to Pakistan ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Rubber (Excluding Latex)

Imports into Iran

In 2022, synthetic rubber (excluding latex) imports into Iran contracted notably to X tons, waning by X% against 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic rubber (excluding latex) imports declined sharply to $X in 2022. Overall, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main synthetic rubber (excluding latex) supplier to Iran, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of synthetic rubber (excluding latex) to Iran.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at X%.

Import Prices by Country

In 2022, the average synthetic rubber (excluding latex) import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :