Iran: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Iran

For the fourth consecutive year, the Iranian market for polyethylene with a specific gravity of less than X, in primary forms recorded decline in sales value, which decreased by -15% to $X in 2021. Over the period under review, consumption recorded a noticeable descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Iran

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms expanded to $X in 2021 estimated in export price. Overall, production, however, saw a slight reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production of growth remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Iran

In 2021, after three years of decline, there was significant growth in overseas shipments of polyethylene with a specific gravity of less than X, in primary forms, when their volume increased by 21% to X tons. Overall, exports enjoyed a notable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 56%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. In general, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Iran, accounting for a 74% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to China exceeded the volume sent to the second major destination, Turkey (X tons), fivefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 0.4% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+15.4% per year) and Taiwan (Chinese) (-20.2% per year).

In value terms, China ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Iran, comprising 73% of total exports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total exports. It was followed by Taiwan (Chinese), with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+13.3% per year) and Taiwan (Chinese) (-19.4% per year).

Export Prices by Country

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, with an increase of 47% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were India ($X per ton) and Belgium ($X per ton), while the average price for exports to China ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Iran

In 2021, imports of polyethylene with a specific gravity of less than X, in primary forms into Iran dropped rapidly to X tons, with a decrease of -51% compared with 2020. Overall, imports saw a sharp downturn. The growth pace was the most rapid in 2015 when imports increased by 72% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms dropped dramatically to $X in 2021. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 70%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Iran, together accounting for 75% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +25.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Bulgaria ($X) constituted the largest polyethylene with a specific gravity of less than X suppliers to Iran, together comprising 71% of total imports.

Among the main suppliers, Turkey, with a CAGR of +29.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, jumping by 37% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. 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 Bulgaria ($X per ton), while the price for Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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