Iran: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Iran

After three years of growth, the Iranian acyclic hydrocarbons market decreased by -X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Acyclic hydrocarbons consumption peaked at $X in 2019, and then dropped slightly in the following year.

Acyclic Hydrocarbons Production in Iran

In value terms, acyclic hydrocarbons production contracted slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2012 when the production volume increased by X% y-o-y. Acyclic hydrocarbons production peaked at $X in 2019, and then shrank in the following year.

Acyclic Hydrocarbons Exports

Exports from Iran

In 2020, the amount of acyclic hydrocarbons exported from Iran rose markedly to X tons, picking up by X% compared with the year before. Overall, exports posted noticeable growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, acyclic hydrocarbons exports amounted to $X in 2020. In general, exports showed a perceptible expansion. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure in 2020 and are likely to see gradual growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for acyclic hydrocarbons exports from Iran, accounting for a X% share of total exports. Moreover, acyclic hydrocarbons exports to the United Arab Emirates exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was occupied by China (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and China (+X% per year).

In value terms, the United Arab Emirates ($X), Thailand ($X) and China ($X) appeared to be the largest markets for acyclic hydrocarbons exported from Iran worldwide, with a combined X% share of total exports.

Among the main countries of destination, Thailand recorded the highest rates of growth with regard to 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 2020, the average acyclic hydrocarbons export price amounted to $X per ton, which is down by -X% against the previous year. Overall, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2012 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Thailand ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Oman, while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Imports

Imports into Iran

In 2020, overseas purchases of acyclic hydrocarbons decreased by -X% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, acyclic hydrocarbons imports reduced sharply to $X in 2020. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the United Arab Emirates (X tons) constituted the largest acyclic hydrocarbons supplier to Iran, accounting for a X% share of total imports. Moreover, acyclic hydrocarbons imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Romania (X tons), sixfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+X% per year) and South Korea (+X% per year).

In value terms, the largest acyclic hydrocarbons suppliers to Iran were the United Arab Emirates ($X), Romania ($X) and South Korea ($X), with a combined X% share of total imports.

Romania (+X% per year) 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

In 2020, the average acyclic hydrocarbons import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a pronounced expansion. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Romania ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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