Iran: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Iran

The Iranian narrow woven fabric market skyrocketed to $X in 2021, increasing by 454% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a abrupt contraction. Narrow woven fabric consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Narrow Woven Fabric Exports

Exports from Iran

In 2021, exports of narrow woven fabrics from Iran fell rapidly to X tons, shrinking by -96% on the year before. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 220% against the previous year. The exports peaked at X tons in 2020, and then shrank significantly in the following year.

In value terms, narrow woven fabric exports dropped significantly to $X in 2021. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 331% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan (X tons), Georgia (X tons) and Armenia (X tons) were the main destinations of narrow woven fabric exports from Iran, with a combined 80% share of total exports. Moldova, Oman, Mongolia, the United Arab Emirates and Azerbaijan lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +51.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for narrow woven fabric exported from Iran were Georgia ($X), Armenia ($X) and Mongolia ($X), with a combined 66% share of total exports. These countries were followed by Moldova, Uzbekistan, the United Arab Emirates, Azerbaijan and Oman, which together accounted for a further 16%.

In terms of the main countries of destination, Uzbekistan, with a CAGR of +49.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average narrow woven fabric export price amounted to $X per ton, with an increase of 185% against the previous year. Overall, the export price, however, saw a abrupt decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mongolia ($X per ton), while the average price for exports to Uzbekistan ($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 Uzbekistan (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Iran

Narrow woven fabric imports into Iran expanded to X tons in 2021, with an increase of 2.7% compared with the previous year. Overall, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 123% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, narrow woven fabric imports totaled $X in 2021. In general, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2019 when imports increased by 114%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of narrow woven fabric to Iran, accounting for a 87% share of total imports. Moreover, narrow woven fabric imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), tenfold. The third position in this ranking was held by India (X tons), with a 1.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-9.5% per year) and India (-14.9% per year).

In value terms, China ($X) constituted the largest supplier of narrow woven fabrics to Iran, comprising 90% of total imports. The second position in the ranking was held by Turkey ($X), with a 5.2% share of total imports. It was followed by the United Arab Emirates, with a 0.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-23.0% per year) and the United Arab Emirates (-23.8% per year).

Import Prices by Country

The average narrow woven fabric import price stood at $X per ton in 2021, with an increase of 2.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 19%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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