Iran: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Iran

The Iranian market for protein concentrates and flavoured or coloured sugar syrups reduced modestly to $X in 2021, which is down by -3.6% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2020, and then shrank slightly in the following year.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Iran

In value terms, production of protein concentrates and flavoured or coloured sugar syrups contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 20%. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Iran

In 2021, overseas shipments of protein concentrates and flavoured or coloured sugar syrups decreased by -66.9% to X tons, falling for the third year in a row after seven years of growth. Over the period under review, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 398% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups reduced sharply to $X in 2021. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 775%. Over the period under review, the exports of attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Iran, accounting for a 38% share of total exports. Moreover, exports of protein concentrates and flavoured or coloured sugar syrups to Turkey exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-51.0% per year) and the UK (0.0% per year).

In value terms, Turkey ($X) emerged as the key foreign market for protein concentrates and flavoured or coloured sugar syrups exports from Iran, comprising 30% of total exports. The second position in the ranking was held by Kuwait ($X), with a 13% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-54.3% per year) and Germany (-65.3% per year).

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, dropping by -28.7% against the previous year. Overall, the export price, however, showed a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 87%. As a result, the export price attained the peak level of $X per ton, and then plummeted in the following year.

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 Kuwait ($X per ton), while the average price for exports to Germany ($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 Bahrain (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Iran

In 2021, the amount of protein concentrates and flavoured or coloured sugar syrups imported into Iran skyrocketed to X tons, jumping by 164% against the previous year's figure. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 228%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups declined sharply to $X in 2021. Overall, imports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 149% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of protein concentrate and flavoured or coloured sugar syrup to Iran, with a 88% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-17.4% per year) and Turkey (-5.8% per year).

In value terms, India ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to Iran, comprising 44% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Turkey, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-16.2% per year) and Turkey (-4.0% per year).

Import Prices by Country

In 2021, the average import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, declining by -73.7% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 52% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+46.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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