Iran: Plastic Furniture Market 2024

Plastic Furniture Market Size in Iran

The Iranian plastic furniture market amounted to $X in 2021, growing by 3% against the previous year. In general, consumption, however, saw a perceptible downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Plastic Furniture Production in Iran

In value terms, plastic furniture production rose to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight decline. The growth pace was the most rapid in 2015 when the production volume increased by 17% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Plastic Furniture Exports

Exports from Iran

For the sixth year in a row, Iran recorded growth in shipments abroad of furniture of plastic, which increased by 33% to X units in 2021. Over the period under review, exports enjoyed a strong increase. The growth pace was the most rapid in 2019 when exports increased by 87%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, plastic furniture exports soared to $X in 2021. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 60% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Qatar (X units) was the main destination for plastic furniture exports from Iran, accounting for a 41% share of total exports. Moreover, plastic furniture exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. Kuwait (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar totaled +187.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+15.0% per year) and Kuwait (+121.0% per year).

In value terms, Qatar ($X) remains the key foreign market for plastic furniture exports from Iran, comprising 44% of total exports. The second position in the ranking was held by Kuwait ($X), with a 12% share of total exports. It was followed by Armenia, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar amounted to +228.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+94.0% per year) and Armenia (+22.0% per year).

Export Prices by Country

The average plastic furniture export price stood at $X per unit in 2021, surging by 5.8% against the previous year. Over the period under review, the export price, however, saw a noticeable descent. The growth pace was the most rapid in 2015 when the average export price increased by 34% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Imports

Imports into Iran

Plastic furniture imports into Iran surged to X units in 2021, with an increase of 29% on 2020. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of 403%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic furniture imports amounted to $X in 2021. Overall, imports, however, continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 550% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest plastic furniture supplier to Iran, accounting for a 86% share of total imports. Moreover, plastic furniture imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-4.8% per year) and the United Arab Emirates (-12.2% per year).

In value terms, China ($X) constituted the largest supplier of plastic furniture to Iran, comprising 89% of total imports. The second position in the ranking was held by Turkey ($X), with a 4.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to -20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-12.8% per year) and the United Arab Emirates (-22.2% per year).

Import Prices by Country

The average plastic furniture import price stood at $X per unit in 2021, declining by -21.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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