Report Update Nov 1, 2024

Iran - Epoxide Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Epoxide Resin Market 2024

Epoxide Resin Market Size in Iran

In 2021, the Iranian epoxide resin market decreased by -12% to $X, falling for the fourth year in a row after four years of growth. In general, consumption showed a abrupt shrinkage. Epoxide resin consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Epoxide Resin Exports

Exports from Iran

In 2021, after three years of decline, there was significant growth in shipments abroad of epoxide resins, when their volume increased by 926% to X tons. Over the period under review, exports, however, saw a deep slump. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, epoxide resin exports soared to $X in 2021. Overall, exports, however, continue to indicate a deep slump. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for epoxide resin exports from Iran, accounting for a 84% share of total exports. Moreover, epoxide resin exports to the United Arab Emirates exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold. The third position in this ranking was taken by India (X tons), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-31.6% per year) and India (-36.1% per year).

In value terms, the largest markets for epoxide resin exported from Iran were the United Arab Emirates ($X), Turkey ($X) and India ($X), together comprising 77% of total exports. These countries were followed by China and Tajikistan, which together accounted for a further 6.9%.

Among the main countries of destination, Tajikistan, with a CAGR of +55.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average epoxide resin export price stood at $X per ton in 2021, picking up by 17% against the previous year. In general, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, epoxide resin export price increased by +98.4% against 2016 indices. The growth pace was the most rapid in 2018 when the average export price increased by 28% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the United Arab Emirates ($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 Turkey (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Epoxide Resin Imports

Imports into Iran

In 2021, overseas purchases of epoxide resins decreased by -21.9% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 48%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, epoxide resin imports soared to $X in 2021. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 46%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Japan (X tons) were the main suppliers of epoxide resin imports to Iran, with a combined 51% share of total imports. Denmark, Turkey, Thailand, China, Taiwan (Chinese), Spain and South Korea lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +74.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest epoxide resin suppliers to Iran were the United Arab Emirates ($X), Turkey ($X) and Denmark ($X), with a combined 38% share of total imports.

Denmark, with a CAGR of +58.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average epoxide resin import price stood at $X per ton in 2021, growing by 71% against the previous year. In general, the import price posted buoyant growth. 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 South Korea ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for epoxide resins in primary forms in the world?

The countries with the highest volumes of epoxide resins consumption in 2020 were China, the U.S. and Taiwan Chinese), with a combined 53% share of global consumption.

What are the largest producers of epoxide resins in primary forms in the world?

The countries with the highest volumes of epoxide resins production in 2020 were the U.S., China and South Korea, together accounting for 51% of global production.

What are the leading suppliers of epoxide resins in primary forms to Iran?

In value terms, the United Arab Emirates constituted the largest supplier of epoxide resins to Iran, comprising 52% of total imports. The second position in the ranking was occupied by Turkey, with a 19% share of total imports. It was followed by China, with a 9.9% share.

What is the average export price for epoxide resins in primary forms in Iran?

The average epoxide resins export price stood at $2,644 per ton in 2020, with a decrease of -3.4% against the previous year.

What is the average import price for epoxide resins in primary forms in Iran?

The average epoxide resins import price stood at $3,267 per ton in 2020, with an increase of 5.9% against the previous year.

This report provides an in-depth analysis of the epoxide resin market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20164030 - Epoxide resins, in primary forms

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023