Iran: Alcohols Market 2021

Alcohols Market Size in Iran

In 2020, the Iranian alcohols market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Alcohols Production in Iran

In value terms, alcohols production fell dramatically to $X in 2020 estimated in export prices. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Alcohols Exports

Exports from Iran

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were exported from Iran; waning by -X% on the previous year. Overall, total exports indicated a moderate expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, alcohols exports dropped remarkably to $X in 2020. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

China (X tons) was the main destination for alcohols exports from Iran, accounting for a X% share of total exports. Moreover, alcohols exports to China exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to China amounted to +X%.

In value terms, China ($X) remains the key foreign market for alcohols exports from Iran, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to China stood at +X%.

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the export price saw a deep downturn. The growth pace was the most rapid in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2020, the country with the highest price was China ($X per ton), while the average price for exports to India totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China.

Alcohols Imports

Imports into Iran

In 2020, overseas purchases of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons, falling for the second year in a row after three years of growth. In general, imports recorded a noticeable contraction. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, alcohols imports reduced remarkably to $X in 2020. Overall, imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

China (X tons), India (X tons) and Malaysia (X tons) were the main suppliers of alcohols imports to Iran, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Turkey ($X) constituted the largest alcohols suppliers to Iran, together comprising X% of total imports.

Among the main suppliers, India saw 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

In 2020, the average alcohols import price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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