Iran: Plastic Bag Market 2024

Plastic Bag Market Size in Iran

In 2022, the Iranian plastic bag market decreased by -0.2% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption showed a relatively flat trend pattern. Plastic bag consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Plastic Bag Production in Iran

In value terms, plastic bag production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 17%. Plastic bag production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Plastic Bag Exports

Exports from Iran

In 2022, the amount of plastic sacks and bags exported from Iran contracted to X tons, dropping by -7.2% on the previous year. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of 81%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, plastic bag exports dropped to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 80% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Kyrgyzstan (X tons) was the main destination for plastic bag exports from Iran, accounting for a 48% share of total exports. Moreover, plastic bag exports to Kyrgyzstan exceeded the volume sent to the second major destination, Azerbaijan (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to Kyrgyzstan stood at +78.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+71.9% per year) and Turkey (+156.4% per year).

In value terms, Azerbaijan ($X), Kyrgyzstan ($X) and Turkey ($X) constituted the largest markets for plastic bag exported from Iran worldwide, with a combined 65% share of total exports. Romania, Kazakhstan, Armenia and Georgia lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Kazakhstan, with a CAGR of +157.6%, recorded the highest rates of growth with regard to 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

In 2022, the average plastic bag export price amounted to $X per ton, rising by 1.5% against the previous year. Overall, the export price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2020 an increase of 18% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood 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 Turkey ($X per ton), while the average price for exports to Kyrgyzstan ($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 (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into Iran

In 2022, approx. X tons of plastic sacks and bags were imported into Iran; falling by -7% compared with the previous year. In general, imports showed a mild curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 23% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic bag imports expanded sharply to $X in 2022. Over the period under review, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 32% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and Bulgaria (X tons) were the main suppliers of plastic bag imports to Iran, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +120.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Turkey ($X) and Bulgaria ($X) were the largest plastic bag suppliers to Iran, together accounting for 90% of total imports.

Among the main suppliers, Bulgaria, with a CAGR of +134.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average plastic bag import price stood at $X per ton in 2022, surging by 13% against the previous year. Over the period under review, the import price, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2014 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Bulgaria (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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