Iran: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Iran

In 2021, the Iranian high-tenacity filament polyester yarn market increased by 95% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, showed a deep reduction. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Iran

For the third consecutive year, Iran recorded decline in shipments abroad of high-tenacity filament yarn of polyesters, which decreased by -89.5% to X tons in 2021. Over the period under review, exports faced a dramatic descent. The growth pace was the most rapid in 2016 when exports increased by 596% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn exports fell rapidly to $X in 2021. In general, exports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2016 when exports increased by 624% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for high-tenacity filament polyester yarn exports from Iran, accounting for a 80% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Afghanistan exceeded the volume sent to the second major destination, Georgia (X kg), fivefold. The third position in this ranking was taken by Turkey (X kg), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Afghanistan totaled -9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (0.0% per year) and Turkey (-48.8% per year).

In value terms, Afghanistan ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from Iran, comprising 81% of total exports. The second position in the ranking was taken by Georgia ($X), with a 15% share of total exports. It was followed by Turkey, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Afghanistan totaled -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (0.0% per year) and Turkey (-48.5% per year).

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, picking up by 33% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 57%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to Afghanistan ($X per ton) and Turkey ($X per ton), while the average price for exports to Armenia ($X per ton) and Georgia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Iran

In 2021, purchases abroad of high-tenacity filament yarn of polyesters was finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 140%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 112%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest high-tenacity filament polyester yarn supplier to Iran, accounting for a 86% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+14.2% per year) and Taiwan (Chinese) (-6.5% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Iran, comprising 82% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 6.7% share of total imports. It was followed by Taiwan (Chinese), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+18.2% per year) and Taiwan (Chinese) (-9.4% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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