Report Update Nov 1, 2024

Iran - Acetone - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Acetone Market 2024

Acetone Market Size in Iran

The Iranian acetone market skyrocketed to $X in 2021, picking up by 55% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a abrupt decline. Acetone consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Acetone Exports

Exports from Iran

In 2021, shipments abroad of acetone decreased by -13.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2015 when exports increased by 30% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, acetone exports reduced to $X in 2021. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 0.8%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for acetone exports from Iran, accounting for a 91% share of total exports. Moreover, acetone exports to the United Arab Emirates exceeded the volume sent to the second major destination, Armenia (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +3.4%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for acetone exports from Iran, comprising 98% of total exports. The second position in the ranking was held by Armenia ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to -2.9%.

Export Prices by Country

The average acetone export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a perceptible contraction. The growth pace was the most rapid in 2014 an increase of 46% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Armenia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-6.1%), while the prices for the other major destinations experienced a decline.

Acetone Imports

Imports into Iran

Acetone imports into Iran soared to X tons in 2021, increasing by 32% compared with the previous year. In general, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 45%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, acetone imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a deep downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of acetone imports to Iran, with a combined 85% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +38.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest acetone suppliers to Iran were India ($X), the United Arab Emirates ($X) and Taiwan (Chinese) ($X), together accounting for 87% of total imports. South Africa, Malaysia, South Korea and Singapore lagged somewhat behind, together accounting for a further 10%.

South Africa, with a CAGR of +35.9%, 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 acetone import price stood at $X per ton in 2021, growing by 31% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acetone in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 37% share of global consumption. These countries were followed by Taiwan Chinese), Spain, Germany, Japan, the UK, the Netherlands, Italy, Brazil, Turkey and Russia, which together accounted for a further 41%.

What are the largest producers of acetone in the world?

The countries with the highest volumes of in 2021 were the United States, Spain and Taiwan Chinese), with a combined 30% share of global production. South Korea, Saudi Arabia, Belgium, India, Thailand, Japan, Singapore, Russia and South Africa lagged somewhat behind, together accounting for a further 52%.

What are the leading suppliers of acetone to Iran?

In value terms, the largest acetone suppliers to Iran were India, South Korea and Taiwan Chinese), with a combined 77% share of total imports. These countries were followed by the United Arab Emirates and South Africa, which together accounted for a further 19%.

What are the leading importers of acetone from Iran?

In value terms, Armenia remains the key foreign market for acetone exports from Iran.

What is the average export price for acetone in Iran?

The average acetone export price stood at $937 per ton in 2021, standing approx. at the previous year.

What is the average import price for acetone in Iran?

In 2021, the average acetone import price amounted to $901 per ton, shrinking by -8.2% against the previous year.

This report provides an in-depth analysis of the acetone market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146211 - Acetone

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023