Iran: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Iran

The Iranian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank to $X in 2022, reducing by -5.6% against the previous year. In general, consumption saw a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Iran

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced to $X in 2022 estimated in export price. Overall, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Iran

In 2022, after five years of decline, there was significant growth in shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, when their volume increased by 5.9% to X tons. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 58% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X in 2022. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 27%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Iran, with a 59% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to India exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-1.5% per year) and Italy (-7.3% per year).

In value terms, India ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Iran, comprising 46% of total exports. The second position in the ranking was taken by Iraq ($X), with a 16% share of total exports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+26.9% per year) and Italy (-5.5% per year).

Export Prices by Country

In 2022, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, surging by 1.7% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Belgium ($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 Iraq (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Iran

After eight years of growth, purchases abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -4.2% to X tons in 2022. In general, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 88%. Imports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank slightly to $X in 2022. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 58%. Imports peaked at $X in 2021, and then dropped slightly in the following year.

Imports by Country

Malaysia (X tons), South Korea (X tons) and India (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Iran, with a combined 89% share of total imports. The United Arab Emirates, Taiwan (Chinese) and China lagged somewhat behind, together comprising a further 9.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +50.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Iran, comprising 54% of total imports. The second position in the ranking was held by South Korea ($X), with a 22% share of total imports. It was followed by the United Arab Emirates, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.9% per year) and the United Arab Emirates (+53.7% per year).

Import Prices by Country

In 2022, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, surging by 2% against the previous year. Overall, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 3.6% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a 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 the United Arab Emirates ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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