Iran: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Iran

The Iranian beet-pulp and bagasse market stood at $X in 2022, with an increase of 2.3% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Beet-pulp and bagasse consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Beet-Pulp And Bagasse Production in Iran

In value terms, beet-pulp and bagasse production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 27% against the previous year. Beet-pulp and bagasse production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Beet-Pulp And Bagasse Exports

Exports from Iran

In 2022, shipments abroad of beet-pulp and bagasse was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports showed perceptible growth. The most prominent rate of growth was recorded in 2013 with an increase of 395%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, beet-pulp and bagasse exports stood at $X in 2022. Overall, exports continue to indicate a measured increase. The pace of growth was the most pronounced in 2013 when exports increased by 271% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kuwait (X tons) was the main destination for beet-pulp and bagasse exports from Iran, accounting for a 86% share of total exports. Moreover, beet-pulp and bagasse exports to Kuwait exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kuwait stood at +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-14.7% per year) and Turkey (+10.3% per year).

In value terms, Kuwait ($X) remains the key foreign market for beet-pulp and bagasse exports from Iran, comprising 74% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait totaled +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-6.6% per year) and Turkey (+12.6% per year).

Export Prices by Country

The average beet-pulp and bagasse export price stood at $X per ton in 2022, waning by -2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2014 an increase of 64% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Beet-Pulp And Bagasse Imports

Imports into Iran

In 2022, purchases abroad of beet-pulp and bagasse was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, faced a drastic downturn. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, beet-pulp and bagasse imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 88% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Azerbaijan (X tons) constituted the largest beet-pulp and bagasse supplier to Iran, with a 84% share of total imports. Moreover, beet-pulp and bagasse imports from Azerbaijan exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Azerbaijan stood at -14.2%.

In value terms, the largest beet-pulp and bagasse suppliers to Iran were the United Arab Emirates ($X) and Azerbaijan ($X).

The United Arab Emirates, with a CAGR of +17.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average beet-pulp and bagasse import price stood at $X per ton in 2022, falling by -38.9% against the previous year. Over the period under review, the import price, however, saw modest growth. The growth pace was the most rapid in 2019 an increase of 109%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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 the United Arab Emirates ($X per ton), while the price for Azerbaijan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-3.3%).

Source: IndexBox Platform

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