Iran: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Iran

In 2022, the Iranian high-tenacity filament nylon yarn market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, continues to indicate a deep reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from Iran

After four years of growth, shipments abroad of high-tenacity filament yarn of nylon or other polyamides decreased by -5.1% to X tons in 2022. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 56% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn exports dropped to $X in 2022. Overall, exports recorded a significant contraction. The pace of growth was the most pronounced in 2018 when exports increased by 61% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for high-tenacity filament nylon yarn exports from Iran, with a 94% share of total exports. Moreover, high-tenacity filament nylon yarn exports to Azerbaijan exceeded the volume sent to the second major destination, Turkey (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Azerbaijan stood at +10.3%.

In value terms, Azerbaijan ($X) remains the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from Iran, comprising 95% of total exports. The second position in the ranking was held by Turkey ($X), with a 5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Azerbaijan totaled +18.8%.

Export Prices by Country

In 2022, the average high-tenacity filament nylon yarn export price amounted to $X per ton, dropping by -9% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 33% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+7.8%).

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into Iran

In 2022, overseas purchases of high-tenacity filament yarn of nylon or other polyamides were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, showed a deep reduction. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn imports surged to $X in 2022. Overall, imports, however, faced a deep setback. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest high-tenacity filament nylon yarn supplier to Iran, accounting for a 37% share of total imports. Moreover, high-tenacity filament nylon yarn imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by Belarus (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-6.4% per year) and Belarus (-10.6% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Iran, comprising 40% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-5.4% per year) and China (-21.1% per year).

Import Prices by Country

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, shrinking by -15.3% against the previous year. Over the period under review, the import price saw a pronounced downturn. The growth pace was the most rapid in 2021 an increase of 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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