Iran: Oil Crops Market 2024

Oil Crops Market Size in Iran

In 2022, after three years of decline, there was growth in the Iranian oil crops market, when its value increased by X% to $X. Overall, consumption saw a buoyant increase. Oil crops consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Oil Crops Production in Iran

In value terms, oil crops production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of oil crops (primary) in Iran shrank to X tons per ha in 2022, flattening at 2021. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. Over the period under review, the average oil crops yield reached the peak level at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in Iran reached X ha, remaining stable against the year before. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to oil crops production attained the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Oil Crops Exports

Exports from Iran

In 2022, approx. X tons of oil crops (primary) were exported from Iran; which is down by X% against 2021. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, oil crops exports reduced rapidly to $X in 2022. In general, exports showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for oil crops exports from Iran, with a X% share of total exports. Moreover, oil crops exports to India exceeded the volume sent to the second major destination, Turkey (X tons), threefold. The third position in this ranking was held by Iraq (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Iraq (X% per year).

In value terms, India ($X) emerged as the key foreign market for oil crops (primary) exports from Iran, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Iraq, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iraq (X% per year).

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Iran

After three years of decline, purchases abroad of oil crops (primary) increased by X% to X tons in 2022. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, oil crops imports rose rapidly to $X in 2022. Overall, imports showed strong growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of oil crops to Iran, accounting for a X% share of total imports. Moreover, oil crops imports from Brazil exceeded the figures recorded by the second-largest supplier, Canada (X tons), fivefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and India (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of oil crops (primary) to Iran, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and India (X% per year).

Import Prices by Country

The average oil crops import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Argentina ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :