Iran: Lime Market 2025

Lime Market Size in Iran

In 2021, after two years of growth, there was decline in the Iranian lime market, when its value decreased by -1.5% to $X. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +99.6% against 2016 indices. Lime consumption peaked at $X in 2020, and then reduced slightly in the following year.

Lime Production in Iran

In value terms, lime production dropped slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 172%. Lime production peaked at $X in 2020, and then reduced slightly in the following year.

Lime Exports

Exports from Iran

In 2021, overseas shipments of lime increased by 31% to X tons, rising for the second consecutive year after three years of decline. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 200%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, lime exports surged to $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 237% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Armenia (X tons), Oman (X tons) and Qatar (X tons) were the main destinations of lime exports from Iran, together accounting for 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +144.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Armenia ($X) remains the key foreign market for lime exports from Iran, comprising 73% of total exports. The second position in the ranking was held by Oman ($X), with a 25% share of total exports. It was followed by Qatar, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value to Armenia amounted to +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+154.9% per year) and Qatar (-42.3% per year).

Export Prices by Country

The average lime export price stood at $X per ton in 2021, standing approx. at the previous year. In general, the export price, however, posted a temperate expansion. The growth pace was the most rapid in 2019 when the average export price increased by 76%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then reduced slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Lime Imports

Imports into Iran

In 2021, lime imports into Iran fell to X tons, with a decrease of -11.3% on the previous year's figure. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2015 with an increase of 67% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lime imports expanded sharply to $X in 2021. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 22% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Bulgaria (X tons) constituted the largest supplier of lime to Iran, with a approx. 50% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Bulgaria was relatively modest.

In value terms, Bulgaria ($X) constituted the largest supplier of lime to Iran.

From 2012 to 2021, the average annual rate of growth in terms of value from Bulgaria was relatively modest.

Import Prices by Country

In 2021, the average lime import price amounted to $X per ton, rising by 18% against the previous year. Overall, the import price continues to indicate a prominent expansion. The growth pace was the most rapid in 2014 when the average import price increased by 62%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Bulgaria.

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +30.0% per year.

Source: IndexBox Platform

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