Report Update Nov 1, 2024

Iran - Polyurethanes in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Polyurethanes Market 2024

Polyurethanes Market Size in Iran

In 2021, the Iranian polyurethanes market decreased by -8.9% to $X, falling for the fourth consecutive year after six years of growth. Overall, consumption saw a deep setback. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Polyurethanes Exports

Exports from Iran

For the fourth year in a row, Iran recorded growth in shipments abroad of polyurethanes in primary forms, which increased by 8.9% to X tons in 2021. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 369% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyurethanes exports surged to $X in 2021. Over the period under review, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 647%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for polyurethanes exports from Iran, accounting for a 50% share of total exports. Moreover, polyurethanes exports to Malaysia exceeded the volume sent to the second major destination, Armenia (X tons), fourfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia stood at +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+23.9% per year) and the United Arab Emirates (-3.8% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for polyurethanes in primary forms exports from Iran, comprising 33% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Armenia, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-4.0% per year) and Armenia (+9.3% per year).

Export Prices by Country

In 2021, the average polyurethanes export price amounted to $X per ton, surging by 12% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 59%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Armenia ($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 Georgia (+36.0%), while the prices for the other major destinations experienced mixed trend patterns.

Polyurethanes Imports

Imports into Iran

In 2021, overseas purchases of polyurethanes in primary forms decreased by -30.8% to X tons, falling for the fourth year in a row after six years of growth. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 74%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, polyurethanes imports reached $X in 2021. Over the period under review, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 72% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), Italy (X tons) and the United Arab Emirates (X tons) were the main suppliers of polyurethanes imports to Iran, together comprising 60% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +8.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X), Italy ($X) and the United Arab Emirates ($X) appeared to be the largest polyurethanes suppliers to Iran, together accounting for 59% of total imports.

Italy, with a CAGR of +4.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 polyurethanes import price amounted to $X per ton, growing by 50% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polyurethanes in primary forms in the world?

The country with the largest volume of polyurethanes consumption was China, accounting for 22% of total volume. Moreover, polyurethanes consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with an 8.2% share.

What are the largest producers of polyurethanes in primary forms in the world?

China remains the largest polyurethanes producing country worldwide, comprising approx. 23% of total volume. Moreover, polyurethanes production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Belgium, with an 8.4% share.

What are the leading suppliers of polyurethanes in primary forms to Iran?

In value terms, the largest polyurethanes suppliers to Iran were Turkey, Italy and Germany, with a combined 97% share of total imports.

What are the leading importers of polyurethanes in primary forms from Iran?

In value terms, Malaysia emerged as the key foreign market for polyurethanes exports from Iran, comprising 63% of total exports. The second position in the ranking was occupied by Armenia, with a 14% share of total exports. It was followed by Uzbekistan, with a 12% share.

What is the average export price for polyurethanes in primary forms in Iran?

In 2021, the average polyurethanes export price amounted to $1,729 per ton, rising by 10% against the previous year.

What is the average import price for polyurethanes in primary forms in Iran?

In 2021, the average polyurethanes import price amounted to $2,162 per ton, surging by 2.1% against the previous year.

This report provides an in-depth analysis of the polyurethanes market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20165670 - Polyurethanes, in primary forms

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023