Iran: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2024

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in Iran

The Iranian market for blankets and travelling rugs of synthetic fibres reduced to $X in 2022, shrinking by -6.5% against the previous year. Over the period under review, consumption enjoyed a mild expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in Iran

In value terms, travelling rugs of synthetic fibre production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild increase. The pace of growth appeared the most rapid in 2013 with an increase of 20% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from Iran

In 2022, overseas shipments of blankets and travelling rugs of synthetic fibres decreased by -23.7% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 216% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then declined dramatically in the following year.

In value terms, travelling rugs of synthetic fibre exports contracted notably to $X in 2022. Over the period under review, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 190%. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Azerbaijan (X units) was the main destination for travelling rugs of synthetic fibre exports from Iran, with a 47% share of total exports. Moreover, travelling rugs of synthetic fibre exports to Azerbaijan exceeded the volume sent to the second major destination, Germany (X units), twofold. Switzerland (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Azerbaijan amounted to +104.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+77.0% per year) and Switzerland (+43.3% per year).

In value terms, the largest markets for travelling rugs of synthetic fibre exported from Iran were Azerbaijan ($X), Germany ($X) and Switzerland ($X), together accounting for 69% of total exports.

In terms of the main countries of destination, Azerbaijan, with a CAGR of +107.1%, saw 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

The average export price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2022, reducing by -11.8% against the previous year. Over the period under review, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into Iran

In 2022, supplies from abroad of blankets and travelling rugs of synthetic fibres was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 216% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, travelling rugs of synthetic fibre imports declined to $X in 2022. Over the period under review, imports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2014 with an increase of 188%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of travelling rugs of synthetic fibre to Iran, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.0%.

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of synthetic fibres to Iran.

From 2012 to 2022, the average annual growth rate of value from China stood at +1.9%.

Import Prices by Country

In 2022, the average import price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, shrinking by -9.5% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.9% per year.

Source: IndexBox Platform

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