Report Update Nov 1, 2024

Iran - Acrylic Acid and Its Salts and Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Monocarboxylic Acid Market 2024

Monocarboxylic Acid Market Size in Iran

The Iranian monocarboxylic acid market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption continues to indicate a abrupt downturn. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Monocarboxylic Acid Exports

Exports from Iran

In 2022, overseas shipments of acrylic acid and its salts and other monocarboxylic acid increased by 12% to X kg, rising for the third consecutive year after five years of decline. Over the period under review, exports, however, recorded a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, monocarboxylic acid exports declined to $X in 2022. Overall, exports, however, showed a significant curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ethiopia (X kg) was the main destination for monocarboxylic acid exports from Iran, with a 79% share of total exports. Moreover, monocarboxylic acid exports to Ethiopia exceeded the volume sent to the second major destination, Armenia (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ethiopia amounted to -25.3%.

In value terms, Ethiopia ($X) remains the key foreign market for acrylic acid and its salts and other monocarboxylic acid exports from Iran, comprising 82% of total exports. The second position in the ranking was taken by Armenia ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ethiopia totaled -37.4%.

Export Prices by Country

In 2022, the average monocarboxylic acid export price amounted to $X per ton, shrinking by -17.9% against the previous year. In general, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 86% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Armenia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (-4.5%).

Monocarboxylic Acid Imports

Imports into Iran

In 2022, overseas purchases of acrylic acid and its salts and other monocarboxylic acid decreased by -5% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2014 when imports increased by 94% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, monocarboxylic acid imports skyrocketed to $X in 2022. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2014 when imports increased by 64% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest monocarboxylic acid supplier to Iran, with a 47% share of total imports. Moreover, monocarboxylic acid imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-3.9% per year) and the United Arab Emirates (-12.1% per year).

In value terms, the largest monocarboxylic acid suppliers to Iran were China ($X), Malaysia ($X) and Germany ($X), together accounting for 63% of total imports.

Among the main suppliers, Malaysia, with a CAGR of +18.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average monocarboxylic acid import price stood at $X per ton in 2022, with an increase of 30% against the previous year. Overall, the import price recorded a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 69%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.7%), 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 acrylic acid and its salts and other monocarboxylic acid in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 43% of global consumption. These countries were followed by Russia, Brazil, Indonesia, Japan, Germany, Mexico, Malaysia, Canada, Democratic Republic of the Congo and Saudi Arabia, which together accounted for a further 31%.

What are the largest producers of acrylic acid and its salts and other monocarboxylic acid in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 45% of global production. These countries were followed by Japan, Germany, Russia, Saudi Arabia, Indonesia, Brazil, Mexico, Malaysia, Belgium and Democratic Republic of the Congo, which together accounted for a further 38%.

What are the leading suppliers of acrylic acid and its salts and other monocarboxylic acid to Iran?

In value terms, China constituted the largest supplier of monocarboxylic acid to Iran, comprising 48% of total imports. The second position in the ranking was occupied by Malaysia, with an 18% share of total imports. It was followed by Germany, with a 10% share.

What are the leading importers of acrylic acid and its salts and other monocarboxylic acid from Iran?

In value terms, Ethiopia $335) remains the key foreign market for monocarboxylic acid exports from Iran, comprising 95% of total exports. The second position in the ranking was occupied by Armenia $19), with a 5.4% share of total exports.

What is the average export price for acrylic acid and its salts and other monocarboxylic acid in Iran?

The average monocarboxylic acid export price stood at $929 per ton in 2021, falling by -18.9% against the previous year.

What is the average import price for acrylic acid and its salts and other monocarboxylic acid in Iran?

In 2021, the average monocarboxylic acid import price amounted to $2,932 per ton, surging by 33% against the previous year.

This report provides an in-depth analysis of the monocarboxylic acid 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 20143310 - Acrylic acid and its salts and other monocarboxylic acid

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:

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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
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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