Iran: Hardboard Market 2024

Hardboard Market Size in Iran

The Iranian hardboard market rose rapidly to $X in 2022, increasing by 12% against the previous year. Overall, consumption, however, saw a precipitous contraction. Hardboard consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hardboard Production in Iran

In value terms, hardboard production amounted to $X in 2022 estimated in export price. In general, production saw a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 5.5% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hardboard Exports

Exports from Iran

In 2022, overseas shipments of hardboard were finally on the rise to reach X cubic meters for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 338% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hardboard exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 310%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X cubic meters), Senegal (X cubic meters) and France (X cubic meters) were the main destinations of hardboard exports from Iran, together accounting for 97% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Turkey ($X), Senegal ($X) and France ($X) appeared to be the largest markets for hardboard exported from Iran worldwide, with a combined 94% share of total exports.

Turkey, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average hardboard export price amounted to $X per cubic meter, surging by 18% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+1.5%), while the prices for the other major destinations experienced a decline.

Hardboard Imports

Imports into Iran

In 2022, approx. X cubic meters of hardboard were imported into Iran; rising by 38% on 2021. Overall, imports, however, recorded a sharp reduction. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hardboard imports soared to $X in 2022. Over the period under review, imports, however, recorded a sharp reduction. Over the period under review, imports hit record highs 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 cubic meters) constituted the largest hardboard supplier to Iran, accounting for a 81% share of total imports. Moreover, hardboard imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Russia (X cubic meters), more than tenfold. Canada (X cubic meters) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled -17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (0.0% per year) and Canada (+6.8% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of hardboard to Iran, comprising 74% of total imports. The second position in the ranking was held by Russia ($X), with a 6.9% share of total imports. It was followed by Spain, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to -22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-0.6% per year) and Spain (-6.6% per year).

Import Prices by Country

In 2022, the average hardboard import price amounted to $X per cubic meter, falling by -12.1% against the previous year. Overall, the import price recorded a deep slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 13%. As a result, import price attained the peak level of $X per cubic meter. From 2017 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 Spain ($X per cubic meter), while the price for Canada ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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