Iran: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Iran

The Iranian magnesium hydroxide and peroxide market dropped to $X in 2022, with a decrease of -9.6% against the previous year. Overall, consumption, however, showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Iran

In value terms, magnesium hydroxide and peroxide production rose to $X in 2022 estimated in export price. In general, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 25%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Iran

In 2018, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were exported from Iran; shrinking by -12.3% against the year before. In general, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 126%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2018, the exports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide exports amounted to $X in 2018. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 281%. The exports peaked at $X in 2015; however, from 2016 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

Turkmenistan (X tons) was the main destination for magnesium hydroxide and peroxide exports from Iran, accounting for a 86% share of total exports. Moreover, magnesium hydroxide and peroxide exports to Turkmenistan exceeded the volume sent to the second major destination, Tajikistan (X tons), sixfold.

From 2012 to 2018, the average annual growth rate of volume to Turkmenistan was relatively modest.

In value terms, Turkmenistan ($X) emerged as the key foreign market for hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports from Iran, comprising 87% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 13% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of value to Turkmenistan was relatively modest.

Export Prices by Country

In 2018, the average magnesium hydroxide and peroxide export price amounted to $X per ton, surging by 17% against the previous year. In general, the export price recorded a significant increase. The pace of growth was the most pronounced in 2016 an increase of 219% against the previous year. The export price peaked in 2018 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2018, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Tajikistan totaled $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+23.5%).

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Iran

In 2022, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were imported into Iran; falling by -21.9% compared with the previous year's figure. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 607%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide imports fell to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 269% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest magnesium hydroxide and peroxide supplier to Iran, accounting for a 47% share of total imports. Moreover, magnesium hydroxide and peroxide imports from India exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.2% per year) and the United Arab Emirates (+5.7% per year).

In value terms, India ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to Iran, comprising 65% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.8% share of total imports. It was followed by South Korea, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from India stood at +41.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+18.8% per year) and South Korea (+15.4% per year).

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, picking up by 9.2% against the previous year. Overall, the import price posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 74% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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