Iran: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Iran

The Iranian acyclic hydrocarbons derivatives market shrank notably to $X in 2021, declining by -67.9% 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 continues to indicate a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports from Iran

In 2021, shipments abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons decreased by -9% to X tons, falling for the third year in a row after four years of growth. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 67% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, acyclic hydrocarbons derivatives exports skyrocketed to $X in 2021. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 72% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

South Africa (X tons) was the main destination for acyclic hydrocarbons derivatives exports from Iran, with a 97% share of total exports. It was followed by Canada (X kg), with a 3% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to South Africa was relatively modest.

In value terms, South Africa ($X) emerged as the key foreign market for fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exports from Iran, comprising 93% of total exports. The second position in the ranking was held by Canada ($X), with a 7.1% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of value to South Africa was relatively modest.

Export Prices by Country

The average acyclic hydrocarbons derivatives export price stood at $X per ton in 2021, increasing by 53% against the previous year. Overall, the export price showed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to South Africa amounted to $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+3.2%).

Acyclic Hydrocarbons Derivatives Imports

Imports into Iran

In 2021, overseas purchases of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons decreased by -71.3% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports saw a pronounced curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 244% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, acyclic hydrocarbons derivatives imports contracted significantly to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 232% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest acyclic hydrocarbons derivatives supplier to Iran, accounting for a 68% share of total imports. Moreover, acyclic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. The UK (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+20.3% per year) and the UK (+1.2% per year).

In value terms, China ($X) constituted the largest supplier of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons to Iran, comprising 54% of total imports. The second position in the ranking was taken by the UK ($X), with a 16% share of total imports. It was followed by Turkey, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-2.0% per year) and Turkey (+13.0% per year).

Import Prices by Country

The average acyclic hydrocarbons derivatives import price stood at $X per ton in 2021, picking up by 20% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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