Iran: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Iran

In 2021, the Iranian market for drawn glass and blown glass was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Drawn Glass And Blown Glass in Iran

In value terms, drawn glass and blown glass production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, showed a noticeable setback. The pace of growth was the most pronounced in 2016 when the production volume increased by 30% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports from Iran

For the fourth year in a row, Iran recorded decline in shipments abroad of drawn glass and blown glass, which decreased by -49.3% to X square meters in 2021. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 120% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, drawn glass and blown glass exports shrank remarkably to $X in 2021. Overall, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 99%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

India (X square meters) was the main destination for drawn glass and blown glass exports from Iran, accounting for a 74% share of total exports. Moreover, drawn glass and blown glass exports to India exceeded the volume sent to the second major destination, Turkey (X square meters), fivefold. Tajikistan (X square meters) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to India totaled +81.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+85.7% per year) and Tajikistan (0.0% per year).

In value terms, India ($X) emerged as the key foreign market for drawn glass and blown glass exports from Iran, comprising 66% of total exports. The second position in the ranking was held by Turkey ($X), with an 18% share of total exports. It was followed by Tajikistan, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to India totaled +56.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+85.2% per year) and Tajikistan (0.0% per year).

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, declining by -12.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The growth pace was the most rapid in 2020 an increase of 47%. The export price peaked at $X per square meter in 2012; however, from 2013 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 Azerbaijan ($X per square meter), while the average price for exports to India ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+48.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Iran

In 2021, the amount of drawn glass and blown glass imported into Iran shrank markedly to X square meters, waning by -85.8% on the year before. Overall, imports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2014 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass imports contracted rapidly to $X in 2021. In general, imports showed a sharp decline. The growth pace was the most rapid in 2015 with an increase of 70% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of drawn glass and blown glass to Iran, accounting for a 84% share of total imports. Moreover, drawn glass and blown glass imports from China exceeded the figures recorded by the second-largest supplier, Italy (X square meters), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -42.8%.

In value terms, Italy ($X) and China ($X) appeared to be the largest drawn glass and blown glass suppliers to Iran.

Italy, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, surging by 185% against the previous year. Over the period under review, the import price continues to indicate a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for China totaled $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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