Iran: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Iran

In 2022, the Iranian glass in the mass market was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Glass in The Mass in Iran

In value terms, glass in the mass production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by 26%. Over the period under review, glass in mass production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Glass in The Mass

Exports from Iran

In 2022, the amount of glass in the mass exported from Iran reduced sharply to X tons, with a decrease of -39.5% on 2021 figures. In general, exports showed a sharp descent. The most prominent rate of growth was recorded in 2017 when exports increased by 587%. Over the period under review, the glass in mass exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass in the mass exports contracted sharply to $X in 2022. Overall, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 878% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Kuwait (X tons) was the main destination for glass in the mass exports from Iran, with a 60% share of total exports. Moreover, glass in the mass exports to Kuwait exceeded the volume sent to the second major destination, Azerbaijan (X tons), threefold. The third position in this ranking was held by Armenia (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kuwait stood at -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (-21.8% per year) and Armenia (-37.7% per year).

In value terms, Kuwait ($X) remains the key foreign market for glass in the mass exports from Iran, comprising 51% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 23% share of total exports. It was followed by Oman, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Kuwait totaled -15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (-19.1% per year) and Oman (+15.0% per year).

Export Prices by Country

In 2022, the average glass in the mass export price amounted to $X per ton, declining by -8.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 125%. The export price peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into Iran

In 2022, after four years of decline, there was growth in supplies from abroad of glass in the mass, when their volume increased by 2.1% to X tons. Overall, imports, however, continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2017 when imports increased by 110%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, glass in the mass imports amounted to $X in 2022. In general, imports, however, saw a dramatic decline. The growth pace was the most rapid in 2017 when imports increased by 135% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest glass in the mass supplier to Iran, accounting for a 56% share of total imports. Moreover, glass in the mass imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Spain (X kg), threefold. The third position in this ranking was taken by India (X kg), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled -43.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-47.7% per year) and India (+34.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of glass in the mass to Iran, comprising 88% of total imports. The second position in the ranking was taken by India ($X), with a 6.5% share of total imports. It was followed by Spain, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at -34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+38.1% per year) and Spain (-41.3% per year).

Import Prices by Country

The average glass in the mass import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 81%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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