Iran: Particle Board Market 2024

Particle Board Market Size in Iran

The Iranian particle board market reached $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Particle Board Production in Iran

In value terms, particle board production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 51%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Particle Board Exports

Exports from Iran

Particle board exports from Iran shrank dramatically to X cubic meters in 2022, falling by -21.2% on 2021 figures. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,220%. The exports peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, particle board exports dropped to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 818%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X cubic meters) was the main destination for particle board exports from Iran, accounting for a 74% share of total exports. Moreover, particle board exports to Azerbaijan exceeded the volume sent to the second major destination, Iraq (X cubic meters), sixfold. France (X cubic meters) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Azerbaijan stood at +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+17.0% per year) and France (+24.0% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for particle board exports from Iran, comprising 65% of total exports. The second position in the ranking was held by Iraq ($X), with a 15% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Azerbaijan stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+15.7% per year) and France (+17.5% per year).

Export Prices by Country

In 2022, the average particle board export price amounted to $X per cubic meter, rising by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 47%. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per cubic meter), while the average price for exports to Turkmenistan ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+97.1%), while the prices for the other major destinations experienced a decline.

Particle Board Imports

Imports into Iran

In 2022, approx. X cubic meters of particle board were imported into Iran; waning by -6.8% against the previous year. Over the period under review, imports showed a sharp curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 55%. As a result, imports attained the peak of X cubic meters. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, particle board imports dropped sharply to $X in 2022. In general, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2013 with an increase of 95% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X cubic meters), China (X cubic meters) and Italy (X cubic meters) were the main suppliers of particle board imports to Iran, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +28.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Italy ($X) appeared to be the largest particle board suppliers to Iran, together comprising 89% of total imports.

China, with a CAGR of +25.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average particle board import price amounted to $X per cubic meter, declining by -13.3% against the previous year. Over the period under review, the import price, however, saw a strong increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 42%. As a result, import price reached the peak level of $X per cubic meter, and then reduced in the following year.

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 Malaysia ($X per cubic meter), while the price for Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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