Iran: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Iran

The Iranian market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded notably to $X in 2022, with an increase of 7.5% against the previous year. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% 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. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Iran

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. Over the period under review, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Iran

In 2022, approx. X square meters of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground were exported from Iran; reducing by -24.5% compared with 2021 figures. Overall, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 132%. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground dropped rapidly to $X in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 174%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Spain (X square meters), Turkey (X square meters) and Georgia (X square meters) were the main destinations of exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Iran, with a combined 51% share of total exports. Greece, Bulgaria, India, Qatar, Uzbekistan and Poland lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +132.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Iran, comprising 30% of total exports. The second position in the ranking was held by Turkey ($X), with a 13% share of total exports. It was followed by Georgia, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +112.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+42.8% per year) and Georgia (-7.5% per year).

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, with a decrease of -9.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47% against the previous year. As a result, the export price attained the peak level of $X per square meter, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per square meter), while the average price for exports to Uzbekistan ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Iran

In 2022, overseas purchases of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground were finally on the rise to reach X square meters for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2017 with an increase of 89% against the previous year. As a result, imports attained the peak of X square meters. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded remarkably to $X in 2022. Overall, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 95% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Belgium (X square meters) constituted the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier to Iran, accounting for a 60% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Belgium exceeded the figures recorded by the second-largest supplier, China (X square meters), sixfold. The third position in this ranking was held by France (X square meters), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-34.1% per year) and France (-18.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Iran, comprising 35% of total imports. The second position in the ranking was held by France ($X), with an 8.6% share of total imports. It was followed by China, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled -15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-11.9% per year) and China (-31.9% per year).

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, shrinking by -8.4% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +62.7% against 2015 indices. The most prominent rate of growth was recorded in 2013 an increase of 69% against the previous year. The import price peaked at $X per square meter in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per square meter), while the price for Belgium ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform