Iran: Ethanol Market 2025

Ethanol Market Size in Iran

The Iranian ethanol market expanded to $X in 2022, increasing by 1.9% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Ethanol consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ethanol Production in Iran

In value terms, ethanol production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Ethanol production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ethanol Exports

Exports from Iran

Ethanol exports from Iran shrank modestly to X litres in 2022, which is down by -4.8% compared with the previous year. Overall, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of 168% against the previous year. Over the period under review, the exports reached the peak figure at X litres in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ethanol exports stood at $X in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 136% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X litres) was the main destination for ethanol exports from Iran, accounting for a 91% share of total exports. Moreover, ethanol exports to Turkey exceeded the volume sent to the second major destination, Georgia (X litres), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at -10.2%.

In value terms, Turkey ($X) remains the key foreign market for ethyl alcohol exports from Iran, comprising 85% of total exports. The second position in the ranking was taken by Georgia ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey stood at -10.7%.

Export Prices by Country

The average ethanol export price stood at $X per litre in 2022, increasing by 5.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per litre), while the average price for exports to Turkey stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+5.8%).

Ethanol Imports

Imports into Iran

After two years of growth, overseas purchases of ethyl alcohol decreased by -24.3% to X litres in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,191%. As a result, imports reached the peak of X litres. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, ethanol imports dropped modestly to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 355%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Armenia (X litres), the United Arab Emirates (X litres) and the UK (X litres) were the main suppliers of ethanol imports to Iran, together accounting for 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Armenia (with a CAGR of +86.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethanol suppliers to Iran were the United Arab Emirates ($X), Turkey ($X) and the UK ($X), with a combined 92% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +26.8%, recorded 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 ethanol import price stood at $X per litre in 2022, jumping by 28% against the previous year. Overall, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2015 an increase of 116% against the previous year. As a result, import price reached the peak level of $X per litre. 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 Turkey ($X per litre), while the price for Armenia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :