Iran: Glass Fiber Market 2024

Glass Fiber Market Size in Iran

The Iranian glass fiber market expanded markedly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Glass Fiber Production in Iran

In value terms, glass fiber production expanded markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Glass Fiber Exports

Exports from Iran

In 2022, after five years of growth, there was significant decline in overseas shipments of voiles, webs, mats and other articles of glass fibers, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, glass fiber exports dropped to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Turkey (X tons) was the main destination for glass fiber exports from Iran, with a X% share of total exports. Moreover, glass fiber exports to Turkey exceeded the volume sent to the second major destination, Turkmenistan (X tons), threefold. The third position in this ranking was taken by Azerbaijan (X tons), with a X% share.

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

In value terms, Turkey ($X) remains the key foreign market for voiles, webs, mats and other articles of glass fibers exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a X% share of total exports. It was followed by Turkmenistan, with an X% share.

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

Export Prices by Country

In 2022, the average glass fiber export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Armenia ($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 Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fiber Imports

Imports into Iran

Glass fiber imports into Iran dropped to X tons in 2022, declining by X% on 2021 figures. Over the period under review, imports saw a deep slump. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, glass fiber imports contracted notably to $X in 2022. Overall, imports saw a abrupt decline. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Oman (X tons) were the main suppliers of glass fiber imports to Iran, with a combined X% share of total imports.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of voiles, webs, mats and other articles of glass fibers to Iran, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the average glass fiber import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kuwait ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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