Iran: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Iran

In 2022, after three years of decline, there was growth in the Iranian market for pure polyvinyl chloride in primary forms, when its value increased by 2.8% to $X. In general, consumption, however, saw a noticeable contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Pure Polyvinyl Chloride in Primary Forms in Iran

In value terms, production of pure polyvinyl chloride in primary forms reduced to $X in 2022 estimated in export price. In general, production recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Iran

In 2022, approx. X tons of pure polyvinyl chloride in primary forms were exported from Iran; declining by -36% compared with the year before. In general, exports, however, posted a measured increase. The most prominent rate of growth was recorded in 2017 with an increase of 447% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms declined significantly to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2017 when exports increased by 512%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Azerbaijan (X tons), Turkey (X tons) and Armenia (X tons) were the main destinations of exports of pure polyvinyl chloride in primary forms from Iran, with a combined 75% share of total exports. Kazakhstan and Uzbekistan lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +87.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Azerbaijan ($X) and Armenia ($X) were the largest markets for pure polyvinyl chloride in primary forms exported from Iran worldwide, with a combined 86% share of total exports. Kazakhstan and Uzbekistan lagged somewhat behind, together accounting for a further 12%.

In terms of the main countries of destination, Uzbekistan, with a CAGR of +80.3%, saw the highest rates of growth with regard to 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

The average export price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, declining by -6.5% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pure polyvinyl chloride in primary forms increased by +59.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 57%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Kazakhstan ($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 Afghanistan (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Iran

In 2022, imports of pure polyvinyl chloride in primary forms into Iran shrank to X tons, declining by -12.9% compared with 2021. Overall, imports recorded a precipitous descent. The pace of growth was the most pronounced in 2016 with an increase of 89%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms dropped notably to $X in 2022. Over the period under review, imports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 128% against the previous year. Over the period under review, imports of hit record highs 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 imports of pure polyvinyl chloride in primary forms to Iran, with a combined 63% share 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, the largest pure polyvinyl chloride in primary forms suppliers to Iran were Germany ($X), China ($X) and Turkey ($X), with a combined 62% share of total imports. These countries were followed by Georgia, which accounted for a further 1.3%.

Georgia, with a CAGR of 0.0%, saw 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

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, dropping by -17.5% against the previous year. Over the period under review, the import price, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 74% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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