Iran: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Iran

The Iranian polyvinyl chloride market shrank to $X in 2022, falling by -2.4% against the previous year. In general, consumption, however, posted a noticeable expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Polyvinyl Chloride Production in Iran

In value terms, polyvinyl chloride production shrank remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 186%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Polyvinyl Chloride Exports

Exports from Iran

In 2018, polyvinyl chloride exports from Iran plummeted to X tons, which is down by -17.3% against the previous year's figure. Overall, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2017 with an increase of 91%. The exports peaked at X tons in 2015; however, from 2016 to 2018, the exports remained at a lower figure.

In value terms, polyvinyl chloride exports contracted rapidly to $X in 2018. Over the period under review, exports saw a dramatic decrease. The growth pace was the most rapid in 2016 with an increase of 11%. As a result, the exports attained the peak of $X. From 2017 to 2018, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons), Afghanistan (X tons) and Azerbaijan (X tons) were the main destinations of polyvinyl chloride exports from Iran, together accounting for 87% of total exports. Uzbekistan, Armenia and Qatar lagged somewhat behind, together accounting for a further 9.7%.

From 2015 to 2018, the biggest increases were recorded for Qatar (with a CAGR of +1,542.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyvinyl chloride exported from Iran were India ($X), Afghanistan ($X) and Azerbaijan ($X), together accounting for 89% of total exports. Armenia, Uzbekistan and Qatar lagged somewhat behind, together comprising a further 8%.

Qatar, with a CAGR of +791.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyvinyl chloride export price stood at $X per ton in 2018, waning by -41.2% against the previous year. In general, the export price showed a mild curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 242%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2018, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2015 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+24.5%), while the prices for the other major destinations experienced a decline.

Polyvinyl Chloride Imports

Imports into Iran

Polyvinyl chloride imports into Iran declined markedly to X tons in 2022, waning by -20.4% on 2021. Overall, imports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2016 with an increase of 76%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, polyvinyl chloride imports reduced sharply to $X in 2022. Over the period under review, imports faced a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 130%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of polyvinyl chloride imports to Iran, together comprising 71% of total imports. These countries were followed by Georgia, which accounted for a further 1.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Georgia (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Germany ($X) and Turkey ($X) appeared to be the largest polyvinyl chloride suppliers to Iran, together comprising 66% of total imports. Georgia lagged somewhat behind, comprising a further 1.2%.

Georgia, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average polyvinyl chloride import price amounted to $X per ton, waning by -9.9% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +66.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and Germany ($X per ton), while the price for China ($X per ton) and Georgia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :