Iran: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Iran

After three years of decline, the Iranian market for other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 1.4% to $X in 2021. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Iran

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 24% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth remained at a somewhat lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Iran

Exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Iran fell to X tons in 2021, reducing by -7.4% against 2020. In general, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 when exports increased by 6,908%. Over the period under review, the exports of reached the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 7,332% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Iraq (X tons), Afghanistan (X tons) and Kyrgyzstan (X tons) were the main destinations of exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Iran, together comprising 99.9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +38.9%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) remains the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Iran, comprising 83% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Iraq totaled +50.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (+6.7% per year) and Kyrgyzstan (+12.5% per year).

Export Prices by Country

The average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, growing by 30% against the previous year. Overall, the export price saw resilient growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 39%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Iraq ($X per ton), while the average price for exports to Kyrgyzstan ($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 (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Iran

In 2021, overseas purchases of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 87% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of 318%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. In general, imports, however, saw a deep setback. The pace of growth was the most pronounced in 2013 when imports increased by 339% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Iran, with a 79% share of total imports. Moreover, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +19.5%.

In value terms, Turkey ($X) constituted the largest supplier of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Iran, comprising 80% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +17.8%.

Import Prices by Country

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, surging by 21% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The growth pace was the most rapid in 2017 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+51.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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