Iran: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Iran

The Iranian market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) shrank to $X in 2021, waning by -5.3% 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). Over the period under review, consumption continues to indicate a perceptible downturn. Consumption of peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Iran

In 2021, the amount of acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Iran skyrocketed to X tons, picking up by 86% against the previous year's figure. Overall, exports enjoyed temperate growth. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) rose modestly to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 71% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan (X tons), Armenia (X tons) and Turkey (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Iran, together accounting for 91% of total exports. These countries were followed by China and Georgia, which together accounted for a further 4%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +243.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Armenia ($X) and Turkey ($X) constituted the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Iran worldwide, together accounting for 96% of total exports. These countries were followed by China and Georgia, which together accounted for a further 3.6%.

China, with a CAGR of +219.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, dropping by -44.8% against the previous year. Overall, the export price saw a noticeable decrease. The pace of growth was the most pronounced in 2020 an increase of 158% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank notably in the following year.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Uzbekistan ($X per ton) and Georgia ($X per ton), while the average price for exports to China ($X per ton) and Armenia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Iran

In 2021, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) into Iran shrank to X tons, which is down by -10.5% compared with 2020. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 27%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) declined slightly to $X in 2021. In general, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 24% against the previous year. Over the period under review, imports of attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Iran, together accounting for 84% of total imports. Oman, Spain, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further 7.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +26.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Iran were Turkey ($X), China ($X) and the United Arab Emirates ($X), with a combined 77% share of total imports. These countries were followed by Oman, Spain, Taiwan (Chinese) and South Korea, which together accounted for a further 6.7%.

Among the main suppliers, Spain, with a CAGR of +17.4%, 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

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, surging by 6.3% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 15%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform