Iran: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Iran

The Iranian market for plastics pipes and pipe fittings fell to $X in 2022, which is down by -2.3% against the previous year. Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.4% against 2020 indices. Plastics pipe and pipe fitting consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Plastics Pipes And Pipe Fittings in Iran

In value terms, plastics pipe and pipe fitting production fell to $X in 2022 estimated in export price. In general, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.9% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 36% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Iran

In 2022, after two years of growth, there was significant decline in overseas shipments of plastics pipes and pipe fittings, when their volume decreased by -36.6% to X tons. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 512%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastics pipe and pipe fitting exports contracted significantly to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 669% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Armenia (X tons), Turkey (X tons) and Romania (X tons) were the main destinations of plastics pipe and pipe fitting exports from Iran, with a combined 58% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +386.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastics pipe and pipe fitting exported from Iran were Uzbekistan ($X), Armenia ($X) and Romania ($X), with a combined 61% share of total exports.

Romania, with a CAGR of +400.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, declining by -2.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 63%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Kyrgyzstan ($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 Kazakhstan (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastics Pipes And Pipe Fittings

Imports into Iran

Plastics pipe and pipe fitting imports into Iran reduced remarkably to X tons in 2022, dropping by -23% against the previous year. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by 117%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, plastics pipe and pipe fitting imports declined to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 80% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and Germany (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Iran, with a combined 87% share of total imports. These countries were followed by India, which accounted for a further 1.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of -4.6%), while imports for the other leaders experienced a decline.

In value terms, Turkey ($X), China ($X) and Germany ($X) were the largest plastics pipe and pipe fitting suppliers to Iran, with a combined 79% share of total imports. These countries were followed by India, which accounted for a further 0.9%.

Among the main suppliers, India, with a CAGR of -6.4%, 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

The average import price for plastics pipes and pipe fittings stood at $X per ton in 2022, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood 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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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