Iran: Twig Broom Market 2024

Twig Broom Market Size in Iran

The Iranian twig broom market shrank slightly to $X in 2021, which is down by -2.9% against the previous year. In general, consumption saw a abrupt decrease. The growth pace was the most rapid in 2020 when the market value increased by 8% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Twig Broom Production in Iran

In value terms, twig broom production shrank modestly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the production volume increased by 0.4% against the previous year. Twig broom production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Twig Broom Exports

Exports from Iran

In 2021, approx. X units of brooms and brushes of twigs were exported from Iran; approximately reflecting 2020 figures. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 1,109%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, twig broom exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed prominent growth. The growth pace was the most rapid in 2013 when exports increased by 1,228% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Azerbaijan (X units) was the main destination for twig broom exports from Iran, accounting for a 76% share of total exports. Moreover, twig broom exports to Azerbaijan exceeded the volume sent to the second major destination, Romania (X units), ninefold. The third position in this ranking was taken by Tajikistan (X units), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Azerbaijan totaled +239.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (0.0% per year) and Tajikistan (0.0% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for brooms and brushes of twigs exports from Iran, comprising 49% of total exports. The second position in the ranking was taken by Oman ($X), with a 20% share of total exports. It was followed by Turkey, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Azerbaijan stood at +134.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+525.8% per year) and Turkey (0.0% per year).

Export Prices by Country

In 2021, the average twig broom export price amounted to $X per unit, jumping by 30% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 53% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+98.8%), while the prices for the other major destinations experienced more modest paces of growth.

Twig Broom Imports

Imports into Iran

In 2021, purchases abroad of brooms and brushes of twigs increased by 62% to X units, rising for the second year in a row after two years of decline. In general, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 29,849% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, twig broom imports surged to $X in 2021. Overall, imports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 29,394% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X units) constituted the largest supplier of twig broom to Iran, with a 59% share of total imports. Moreover, twig broom imports from India exceeded the figures recorded by the second-largest supplier, Indonesia (X units), twofold. The third position in this ranking was taken by China (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at -33.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-59.9% per year) and China (+91.0% per year).

In value terms, India ($X), China ($X) and Indonesia ($X) constituted the largest twig broom suppliers to Iran, with a combined 96% share of total imports.

China, with a CAGR of +125.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average twig broom import price stood at $X per unit in 2021, picking up by 4.1% against the previous year. In general, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 33%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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