Report Update Nov 1, 2024

Iran - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Propene Market 2024

Propene Market Size in Iran

The Iranian propene market was finally on the rise to reach $X in 2021, after five years of decline. Over the period under review, consumption, however, recorded a perceptible downturn. Propene consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Propene Production in Iran

In value terms, propene production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by 11% against the previous year. Propene production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Propene Exports

Exports from Iran

Propene exports from Iran reduced to X tons in 2018, falling by -10.5% compared with 2017. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 365% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, propene exports declined dramatically to $X in 2018. Overall, exports, however, continue to indicate a mild increase. The growth pace was the most rapid in 2017 when exports increased by 177%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for propene exports from Iran, with a approx. 100% share of total exports.

From 2013 to 2018, the average annual growth rate of volume to Afghanistan amounted to +5.5%.

In value terms, Afghanistan ($X) also remains the key foreign market for propene (propylene) exports from Iran.

From 2013 to 2018, the average annual growth rate of value to Afghanistan totaled -23.7%.

Export Prices by Country

In 2018, the average propene export price amounted to $X per ton, falling by -10.6% against the previous year. In general, the export price continues to indicate a deep slump. The export price peaked at $X per ton in 2015; however, from 2016 to 2018, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Afghanistan.

From 2013 to 2018, the rate of growth in terms of prices for Afghanistan amounted to -27.7% per year.

Propene Imports

Imports into Iran

In 2021, imports of propene (propylene) into Iran declined to X tons, with a decrease of -11.1% against the year before. Over the period under review, imports recorded a abrupt decline. The smallest decline of -10.9% was in 2014. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, propene imports dropped to $X in 2021. Overall, imports continue to indicate a abrupt decrease. The smallest decline of -5% was in 2019. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X tons) was the main propene supplier to Iran, with a 93% share of total imports. Moreover, propene imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Azerbaijan (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia amounted to -16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Azerbaijan (-15.0% per year) and Turkey (0.0% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of propene (propylene) to Iran, comprising 98% of total imports. The second position in the ranking was taken by Turkey ($X), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia totaled -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (0.0% per year) and Azerbaijan (-20.4% per year).

Import Prices by Country

In 2021, the average propene import price amounted to $X per ton, picking up by 6.8% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, propene import price increased by +69.1% against 2012 indices. The pace of growth was the most pronounced in 2015 an increase of 6.9% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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 Saudi Arabia ($X per ton), while the price for Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for propene (propylene) in the world?

The countries with the highest volumes of propene consumption in 2021 were the United States, India and Japan, together comprising 29% of global consumption. These countries were followed by Pakistan, Brazil, China, Bangladesh, Germany, the UK, Mexico, Russia, Turkey and the Netherlands, which together accounted for a further 31%.

What are the largest producers of propene (propylene) in the world?

The countries with the highest volumes of propene production in 2021 were the United States, India and Japan, together accounting for 31% of global production. These countries were followed by Pakistan, Brazil, Bangladesh, South Korea, Germany, the UK, Russia, Turkey, Mexico and the Netherlands, which together accounted for a further 31%.

What are the leading suppliers of propene (propylene) to Iran?

In value terms, Turkey and Azerbaijan were the largest propene suppliers to Iran.

What are the leading importers of propene (propylene) from Iran?

In value terms, Afghanistan remains the key foreign market for propene exports from Iran.

What is the average export price for propene (propylene) in Iran?

In 2017, the average propene export price amounted to $414 per ton, falling by -40.5% against the previous year.

What is the average import price for propene (propylene) in Iran?

The average propene import price stood at $2,093 per ton in 2021, declining by -16.6% against the previous year.

This report provides an in-depth analysis of the propene 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 20141140 - Propene (propylene)

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