Iran: Other Chemical Products Market 2024

Other Chemical Products Market Size in Iran

The Iranian other chemical products market expanded to $X in 2022, rising by 2.6% against the previous year. Over the period under review, consumption continues to indicate a noticeable descent. Other chemical products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Other Chemical Products Production in Iran

In value terms, other chemical products production expanded to $X in 2022 estimated in export price. Overall, production saw a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. Other chemical products production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Other Chemical Products Exports

Exports from Iran

Other chemical products exports from Iran stood at X tons in 2022, growing by 13% compared with 2021. In general, exports, however, faced a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 264%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, other chemical products exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 274% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Jordan (X tons) and Azerbaijan (X tons) were the main destinations of other chemical products exports from Iran, with a combined 53% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +106.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other chemical products exported from Iran were Germany ($X), Zambia ($X) and Democratic Republic of the Congo ($X), together accounting for 65% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +118.7%, 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

The average other chemical products export price stood at $X per ton in 2022, increasing by 6.4% against the previous year. In general, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of 72% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Jordan ($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 Tajikistan (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Iran

In 2022, after five years of decline, there was significant growth in purchases abroad of other chemical products, when their volume increased by 6.4% to X tons. Over the period under review, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, other chemical products imports expanded rapidly to $X in 2022. In general, imports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2014 when imports increased by 21%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of other chemical products to Iran, with a 37% share of total imports. Moreover, other chemical products imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.7% per year) and South Korea (-14.1% per year).

In value terms, the largest other chemical products suppliers to Iran were Ireland ($X), China ($X) and Turkey ($X), together comprising 77% of total imports.

Among the main suppliers, Ireland, with a CAGR of +4.6%, saw 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

The average other chemical products import price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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