Iran: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Iran

The Iranian market for plastic hoses and hose fittings reduced modestly to $X in 2021, almost unchanged from the previous year. In general, consumption, however, showed a perceptible downturn. Plastic hose and hose fitting consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Plastic Hoses and Hose Fittings in Iran

In value terms, plastic hose and hose fitting production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a mild shrinkage. The growth pace was the most rapid in 2015 with an increase of 36%. Plastic hose and hose fitting production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Iran

In 2021, shipments abroad of plastic hoses and hose fittings decreased by -6.6% to X tons, falling for the third year in a row after three years of growth. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 95%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 131%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Georgia (X tons), Turkey (X tons) and Armenia (X tons) were the main destinations of plastic hose and hose fitting exports from Iran, together accounting for 60% of total exports. These countries were followed by Malaysia, Uzbekistan, Tajikistan, Italy, the United Arab Emirates, Afghanistan, Iraq and Kazakhstan, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +154.7%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for plastic hoses and hose fittings exports from Iran, comprising 34% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 16% share of total exports. It was followed by Georgia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to +84.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+21.1% per year) and Georgia (+0.8% per year).

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, with an increase of 24% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 34%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Tajikistan ($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 Turkey (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Iran

For the third consecutive year, Iran recorded growth in overseas purchases of plastic hoses and hose fittings, which increased by 28% to X tons in 2021. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 180%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. Over the period under review, imports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 141% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest plastic hose and hose fitting supplier to Iran, accounting for a 54% share of total imports. Moreover, plastic hose and hose fitting imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+0.5% per year) and Turkey (-10.4% per year).

In value terms, China ($X) constituted the largest supplier of plastic hoses and hose fittings to Iran, comprising 55% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.8% per year) and the United Arab Emirates (-12.7% per year).

Import Prices by Country

The average import price for plastic hoses and hose fittings stood at $X per ton in 2021, with an increase of 2.3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 20% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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