Iran: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Iran

The Iranian polyethylene glycol and polyether market was estimated at $X in 2021, almost unchanged from the previous year. In general, consumption recorded a pronounced descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Iran

In value terms, polyethylene glycol and polyether production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a mild slump. The pace of growth appeared the most rapid in 2018 with an increase of 94% against the previous year. Polyethylene glycol and polyether production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Iran

In 2021, approx. X tons of polyethylene glycols and polyethers in primary forms were exported from Iran; picking up by 64% compared with 2020 figures. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,844%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, polyethylene glycol and polyether exports surged to $X in 2021. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,974% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

China (X tons) was the main destination for polyethylene glycol and polyether exports from Iran, accounting for a 85% share of total exports. Moreover, polyethylene glycol and polyether exports to China exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+1.3% per year) and Uzbekistan (+5,555.3% per year).

In value terms, China ($X) remains the key foreign market for polyethylene glycols and polyethers in primary forms exports from Iran, comprising 80% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 4.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+5,942.9% per year) and Turkey (-5.8% per year).

Export Prices by Country

In 2021, the average polyethylene glycol and polyether export price amounted to $X per ton, rising by 21% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Turkey ($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 Uzbekistan (+6.8%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Iran

Polyethylene glycol and polyether imports into Iran declined markedly to X tons in 2021, falling by -23.1% compared with 2020. Over the period under review, imports recorded a perceptible shrinkage. The growth pace was the most rapid in 2017 with an increase of 108% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. Overall, imports saw a pronounced descent. The growth pace was the most rapid in 2017 with an increase of 125% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest polyethylene glycol and polyether supplier to Iran, with a 70% share of total imports. Moreover, polyethylene glycol and polyether imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+10.4% per year) and Germany (-8.7% per year).

In value terms, China ($X) constituted the largest supplier of polyethylene glycols and polyethers in primary forms to Iran, comprising 67% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total imports. It was followed by Germany, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+9.8% per year) and Germany (-12.2% per year).

Import Prices by Country

In 2021, the average polyethylene glycol and polyether import price amounted to $X per ton, surging by 63% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :