Iran: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Iran

In 2021, the Iranian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 15% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a abrupt contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Iran

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021 estimated in export price. Overall, production, however, saw a deep downturn. The growth pace was the most rapid in 2018 when the production volume increased by 19% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Iran

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 515% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded a resilient expansion. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Overall, exports enjoyed a strong increase. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main destinations of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Iran, with a combined 60% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +14.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Iran were Italy ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising 59% of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of +12.9%, saw the highest growth rate of 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 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, jumping by 32% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked 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 overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Turkey ($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 Italy (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Iran

In 2021, purchases abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -15.6% to X tons, falling for the third consecutive year after two years of growth. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2018 when imports increased by 122%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning declined markedly to $X in 2021. In general, imports, however, showed a moderate increase. The pace of growth was the most pronounced in 2017 with an increase of 122% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

In 2021, Turkey (X tons) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to Iran, accounting for a 76% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Turkey exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +32.8%.

In value terms, Turkey ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Iran, comprising 72% of total imports. The second position in the ranking was held by the UK ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +50.8%.

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, which is down by -4.8% against the previous year. Overall, the import price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 when the average import price increased by 99%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+119.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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