Iran: Plastic Box Market 2024

Plastic Box Market Size in Iran

The Iranian plastic box market shrank modestly to $X in 2022, declining by -3.7% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Plastic box consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Plastic Box Production in Iran

In value terms, plastic box production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 20% against the previous year. Plastic box production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Plastic Box Exports

Exports from Iran

In 2022, the amount of plastic boxes, cases, crates and similar packing articles exported from Iran dropped to X tons, waning by -4.8% on the year before. Over the period under review, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by 204%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic box exports shrank to $X in 2022. Overall, exports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 215%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for plastic box exports from Iran, accounting for a 50% share of total exports. Moreover, plastic box exports to Azerbaijan exceeded the volume sent to the second major destination, Armenia (X tons), threefold. The third position in this ranking was held by Qatar (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Azerbaijan amounted to +35.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+8.9% per year) and Qatar (+57.3% per year).

In value terms, Azerbaijan ($X) emerged as the key foreign market for plastic boxes, cases, crates and similar packing articles exports from Iran, comprising 42% of total exports. The second position in the ranking was held by Armenia ($X), with a 15% share of total exports. It was followed by Georgia, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Azerbaijan totaled +47.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+3.9% per year) and Georgia (+8.2% per year).

Export Prices by Country

The average plastic box export price stood at $X per ton in 2022, which is down by -7.9% against the previous year. In general, the export price saw a slight curtailment. The pace of growth was the most pronounced in 2014 an increase of 40%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Turkey ($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 Azerbaijan (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Box Imports

Imports into Iran

In 2022, plastic box imports into Iran contracted modestly to X tons, reducing by -2.3% compared with the previous year. In general, imports showed a precipitous decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 57% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic box imports declined to $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 97% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), China (X tons) and Poland (X tons) were the main suppliers of plastic box imports to Iran, together accounting for 91% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +113.7%), while imports for the other leaders experienced a decline.

In value terms, the largest plastic box suppliers to Iran were China ($X), Turkey ($X) and Poland ($X), with a combined 89% share of total imports.

Among the main suppliers, Poland, with a CAGR of +107.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average plastic box import price amounted to $X per ton, which is down by -3.1% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic box import price increased by +61.9% against 2016 indices. The growth pace was the most rapid in 2019 when the average import price increased by 27%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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