Iran: Artificial Fur Market 2024

Artificial Fur Market Size in Iran

In 2022, the Iranian artificial fur market decreased by -0.1% to $X, falling for the second year in a row after five years of growth. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 7.1% against the previous year. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Artificial Fur Production in Iran

In value terms, artificial fur production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 13%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Artificial Fur Exports

Exports from Iran

In 2022, overseas shipments of artificial fur were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 175%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, artificial fur exports declined to $X in 2022. Overall, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 78%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Armenia (X tons) was the main destination for artificial fur exports from Iran, accounting for a 98% share of total exports. It was followed by Azerbaijan (X kg), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Armenia stood at -13.5%.

In value terms, Armenia ($X) remains the key foreign market for artificial fur exports from Iran, comprising 99% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Armenia stood at -12.3%.

Export Prices by Country

The average artificial fur export price stood at $X per ton in 2022, which is down by -12.3% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, artificial fur export price increased by +71.0% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 33%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Azerbaijan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+9.4%).

Artificial Fur Imports

Imports into Iran

In 2022, imports of artificial fur into Iran shrank rapidly to X tons, falling by -39.2% compared with the previous year's figure. Over the period under review, imports, however, enjoyed a temperate expansion. The pace of growth was the most pronounced in 2014 when imports increased by 335%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, artificial fur imports dropped remarkably to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 325%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand (X tons), China (X kg) and the United Arab Emirates (X kg) were the main suppliers of artificial fur imports to Iran, together accounting for 99.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +10.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X) constituted the largest supplier of artificial fur to Iran, comprising 77% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.9% per year) and the United Arab Emirates (+5.3% per year).

Import Prices by Country

In 2022, the average artificial fur import price amounted to $X per ton, growing by 17% against the previous year. In general, the import price enjoyed a measured expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 64% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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