Iran: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Iran

In 2021, the Iranian man-made filament yarn market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a perceptible setback. Man-made filament yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Man-Made Filament Yarn Production in Iran

In value terms, man-made filament yarn production soared to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Man-Made Filament Yarn Exports

Exports from Iran

For the fourth year in a row, Iran recorded decline in shipments abroad of man-made filament yarn, which decreased by -69.2% to X tons in 2021. Overall, exports recorded a noticeable decline. The pace of growth appeared the most rapid in 2015 when exports increased by 1,472% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, man-made filament yarn exports shrank rapidly to $X in 2021. Over the period under review, exports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 880%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons), Turkey (X tons) and Kazakhstan (X tons) were the main destinations of man-made filament yarn exports from Iran, with a combined 71% share of total exports. Tajikistan, Uzbekistan, Azerbaijan, Turkmenistan and Armenia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +54.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X) remains the key foreign market for man-made filament yarn exports from Iran, comprising 52% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 17% share of total exports. It was followed by Turkmenistan, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Afghanistan stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+53.3% per year) and Turkmenistan (+3.1% per year).

Export Prices by Country

In 2021, the average man-made filament yarn export price amounted to $X per ton, rising by 79% against the previous year. Overall, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Kazakhstan ($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 Kazakhstan (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Yarn Imports

Imports into Iran

In 2021, approx. X tons of man-made filament yarn were imported into Iran; growing by 49% against 2020. Over the period under review, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 91% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, man-made filament yarn imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of man-made filament yarn to Iran, with a 57% share of total imports. Moreover, man-made filament yarn imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. India (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-12.6% per year) and India (+0.1% per year).

In value terms, China ($X) constituted the largest supplier of man-made filament yarn to Iran, comprising 69% of total imports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total imports. It was followed by India, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-11.1% per year) and India (-3.9% per year).

Import Prices by Country

In 2021, the average man-made filament yarn import price amounted to $X per ton, rising by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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