Iran: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Iran

For the third consecutive year, the Iranian calcium carbonate market recorded growth in sales value, which increased by 9.8% to $X in 2021. In general, consumption, however, recorded a strong increase. Calcium carbonate consumption peaked in 2021 and is likely to see gradual growth in the near future.

Calcium Carbonate Production in Iran

In value terms, calcium carbonate production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 15%. Calcium carbonate production peaked in 2021 and is likely to continue growth in the immediate term.

Calcium Carbonate Exports

Exports from Iran

In 2021, overseas shipments of calcium carbonate were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by 35% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, calcium carbonate exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 31%. 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 tons) was the main destination for calcium carbonate exports from Iran, accounting for a 82% share of total exports. Moreover, calcium carbonate exports to Azerbaijan exceeded the volume sent to the second major destination, Qatar (X tons), ninefold. The third position in this ranking was taken by Uzbekistan (X tons), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to Azerbaijan amounted to +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+41.6% per year) and Uzbekistan (+31.5% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for calcium carbonate exports from Iran, comprising 52% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 25% share of total exports. It was followed by Armenia, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Azerbaijan stood at +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+55.4% per year) and Armenia (+31.4% per year).

Export Prices by Country

In 2021, the average calcium carbonate export price amounted to $X per ton, with an increase of 10% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calcium carbonate export price increased by +93.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 75% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Calcium Carbonate Imports

Imports into Iran

In 2021, supplies from abroad of calcium carbonate increased by 32% to X tons, rising for the second year in a row after two years of decline. In general, imports continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2020 with an increase of 96% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, calcium carbonate imports soared to $X in 2021. Overall, imports saw prominent growth. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of calcium carbonate to Iran, accounting for a 44% share of total imports. Moreover, calcium carbonate imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Bulgaria (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+3.3% per year) and Bulgaria (+333.3% per year).

In value terms, Spain ($X), Germany ($X) and Turkey ($X) constituted the largest calcium carbonate suppliers to Iran, together accounting for 35% of total imports. Slovenia, Bulgaria, India and China lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Bulgaria, with a CAGR of +195.6%, saw the highest growth rate of 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 calcium carbonate import price stood at $X per ton in 2021, surging by 36% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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