Iran: Wood Barrel Market 2024

Wood Barrel Market Size in Iran

The Iranian wood barrel market rose markedly to $X in 2022, increasing by 7.1% against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.2% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wood Barrel Production in Iran

In value terms, wood barrel production expanded markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 43%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Wood Barrel Exports

Exports from Iran

In 2022, approx. X units of casks, barrels, vats, tubs, and coopers products of wood were exported from Iran; flattening at 2021. Over the period under review, exports recorded a precipitous shrinkage. The growth pace was the most rapid in 2015 with an increase of 3.3% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wood barrel exports shrank to $X in 2022. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 55%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for wood barrel exports from Iran, with a 75% share of total exports. Moreover, wood barrel exports to the United Arab Emirates exceeded the volume sent to the second major destination, Slovenia (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -12.2%.

In value terms, Slovenia ($X) and the United Arab Emirates ($X) were the largest markets for wood barrel exported from Iran worldwide.

The United Arab Emirates, with a CAGR of +2.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average wood barrel export price stood at $X per unit in 2022, shrinking by -13.1% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 107% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to the United Arab Emirates amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+17.7%).

Wood Barrel Imports

Imports into Iran

For the third year in a row, Iran recorded decline in overseas purchases of casks, barrels, vats, tubs, and coopers products of wood, which decreased by 0% to X units in 2022. In general, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2013 with an increase of 433%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood barrel imports rose remarkably to $X in 2022. Over the period under review, imports posted a noticeable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 408%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Austria (X units) constituted the largest wood barrel supplier to Iran, with a 75% share of total imports. Moreover, wood barrel imports from Austria exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-12.9% per year) and China (-6.7% per year).

In value terms, Austria ($X) constituted the largest supplier of casks, barrels, vats, tubs, and coopers products of wood to Iran, comprising 90% of total imports. The second position in the ranking was taken by Turkey ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Austria stood at +50.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-18.6% per year) and China (-16.8% per year).

Import Prices by Country

The average wood barrel import price stood at $X per unit in 2022, increasing by 14% against the previous year. Over the period under review, the import price saw resilient growth. The pace of growth was the most pronounced in 2015 an increase of 109%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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