Iran: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Iran

After two years of decline, the Iranian non-woven glass fibre articles market increased by 15% to $X in 2021. Overall, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.9% against 2018 indices. Non-woven glass fibre articles consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Iran

In value terms, non-woven glass fibre articles production reached $X in 2021 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.7% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 64%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Iran

In 2021, exports of non-woven glass fibre webs, felts, mattresses and boards from Iran shrank modestly to X tons, therefore, remained relatively stable against the year before. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 535%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, non-woven glass fibre articles exports amounted to $X in 2021. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 583% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Turkmenistan (X tons), Iraq (X tons) and Afghanistan (X tons) were the main destinations of non-woven glass fibre articles exports from Iran, together comprising 64% of total exports. Azerbaijan, Armenia, Georgia, Tajikistan and Kazakhstan lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Georgia (with a CAGR of +78.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Turkmenistan ($X) and Afghanistan ($X) were the largest markets for non-woven glass fibre articles exported from Iran worldwide, with a combined 69% share of total exports. These countries were followed by Azerbaijan, Armenia, Georgia, Tajikistan and Kazakhstan, which together accounted for a further 28%.

In terms of the main countries of destination, Georgia, with a CAGR of +87.9%, saw the highest rates of growth with regard to 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 non-woven glass fibre articles export price amounted to $X per ton, rising by 5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Azerbaijan ($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 Azerbaijan (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Iran

In 2021, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were imported into Iran; declining by -9.7% against 2020. Over the period under review, imports continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2019 with an increase of 771%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, non-woven glass fibre articles imports skyrocketed to $X in 2021. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 1,169%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Kuwait (X tons) and Germany (X tons) were the main suppliers of non-woven glass fibre articles imports to Iran, together comprising 61% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +58.4%), while imports for the other leaders experienced a decline.

In value terms, Kuwait ($X), Germany ($X) and China ($X) appeared to be the largest non-woven glass fibre articles suppliers to Iran, with a combined 64% share of total imports.

Among the main suppliers, Germany, with a CAGR of +54.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, picking up by 76% against the previous year. Over the period under review, the import price showed a resilient increase. 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, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+27.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :