Iran: Disperse Dye Market 2024

Disperse Dye Market Size in Iran

The Iranian disperse dye market contracted dramatically to $X in 2021, shrinking by -30.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt slump. Disperse dye consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Disperse Dye Exports

Exports from Iran

In 2021, overseas shipments of disperse dyes and preparations based thereon decreased by -10.1% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 958%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, disperse dye exports dropped to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 582% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for disperse dye exports from Iran, accounting for a 81% share of total exports. Moreover, disperse dye exports to Afghanistan exceeded the volume sent to the second major destination, Uzbekistan (X tons), more than tenfold. The third position in this ranking was taken by Azerbaijan (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Afghanistan totaled +109.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+53.8% per year) and Azerbaijan (+66.6% per year).

In value terms, Afghanistan ($X) remains the key foreign market for disperse dyes and preparations based thereon exports from Iran, comprising 72% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 7.8% share of total exports. It was followed by Georgia, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to Afghanistan amounted to +98.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+80.2% per year) and Georgia (+70.0% per year).

Export Prices by Country

The average disperse dye export price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2019 a decrease of -1.3%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Uzbekistan ($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 Azerbaijan (+8.2%), while the prices for the other major destinations experienced a decline.

Disperse Dye Imports

Imports into Iran

In 2021, disperse dye imports into Iran dropped notably to X tons, with a decrease of -24.2% against the previous year's figure. In general, imports recorded a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 59% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, disperse dye imports dropped significantly to $X in 2021. Overall, imports saw a deep contraction. The growth pace was the most rapid in 2019 when imports increased by 52%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest disperse dye supplier to Iran, with a 47% share of total imports. Moreover, disperse dye imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+31.1% per year) and Taiwan (Chinese) (-0.3% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Turkey ($X) appeared to be the largest disperse dye suppliers to Iran, together accounting for 71% of total imports. India, South Korea and the United Arab Emirates lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, India, with a CAGR of +32.3%, 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 disperse dye import price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, disperse dye import price decreased by -17.2% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 38%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :