Iran: Abs Copolymers Market 2024

Abs Copolymers Market Size in Iran

The Iranian ABS copolymers market totaled $X in 2021, surging by 4.1% against the previous year. In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.0% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Abs Copolymers Production in Iran

In value terms, ABS copolymers production stood at $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 -4.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Abs Copolymers Exports

Exports from Iran

For the eighth consecutive year, Iran recorded growth in shipments abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, which increased by 20% to X tons in 2021. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 20%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ABS copolymers exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by 24% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), Turkey (X tons) and China (X tons) were the main destinations of ABS copolymers exports from Iran, with a combined 62% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +53.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Turkey ($X) and China ($X) were the largest markets for ABS copolymers exported from Iran worldwide, with a combined 56% share of total exports.

In terms of the main countries of destination, India, with a CAGR of +47.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ABS copolymers export price amounted to $X per ton, with an increase of 3.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2016 an increase of 3.9%. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Russia ($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 Italy (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Abs Copolymers Imports

Imports into Iran

ABS copolymers imports into Iran dropped notably to X tons in 2021, waning by -17.7% compared with the previous year's figure. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 64%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ABS copolymers imports expanded significantly to $X in 2021. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 51% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of ABS copolymers to Iran, accounting for a 62% share of total imports. Moreover, ABS copolymers imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-30.0% per year) and Taiwan (Chinese) (-4.8% per year).

In value terms, China ($X) constituted the largest supplier of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms to Iran, comprising 63% of total imports. The second position in the ranking was taken by South Korea ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +47.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-28.6% per year) and Taiwan (Chinese) (-4.2% per year).

Import Prices by Country

The average ABS copolymers import price stood at $X per ton in 2021, rising by 36% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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