Iran: Abrasives Market 2024

Abrasives Market Size in Iran

In 2021, the Iranian abrasives market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 -7.8% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Abrasives Production in Iran

In value terms, abrasives production expanded modestly to $X in 2021 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 46%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Abrasives Exports

Exports from Iran

In 2021, the amount of abrasives (natural) exported from Iran soared to X tons, picking up by 119% against the year before. Over the period under review, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 264% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, abrasives exports surged to $X in 2021. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 267%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Qatar (X tons) was the main destination for abrasives exports from Iran, accounting for a 81% share of total exports. Moreover, abrasives exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. Pakistan (X tons) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar stood at +71.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-6.2% per year) and Pakistan (+839.6% per year).

In value terms, Qatar ($X) emerged as the key foreign market for abrasives (natural) exports from Iran, comprising 71% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by Pakistan, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to Qatar stood at +75.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-4.1% per year) and Pakistan (+948.7% per year).

Export Prices by Country

The average abrasives export price stood at $X per ton in 2021, waning by -8% against the previous year. Overall, the export price saw a mild setback. The most prominent rate of growth was recorded in 2020 an increase of 40% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Qatar ($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 Azerbaijan (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Abrasives Imports

Imports into Iran

In 2021, approx. X tons of abrasives (natural) were imported into Iran; dropping by -77.3% on the previous year's figure. In general, imports showed a sharp decline. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, abrasives imports dropped remarkably to $X in 2021. Over the period under review, imports continue to indicate a significant decrease. The growth pace was the most rapid in 2020 when imports increased by 118% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of abrasives to Iran, with a 55% share of total imports. Moreover, abrasives imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-11.7% per year) and Italy (-15.9% per year).

In value terms, China ($X) constituted the largest supplier of abrasives (natural) to Iran, comprising 47% of total imports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total imports. It was followed by Italy, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-5.1% per year) and Italy (-23.1% per year).

Import Prices by Country

The average abrasives import price stood at $X per ton in 2021, jumping by 29% against the previous year. In general, the import price posted a buoyant expansion. The pace of growth was the most pronounced in 2019 an increase of 48%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+42.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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