Iran: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Iran

After four years of growth, the Iranian reclaimed rubber market decreased by -14.1% to $X in 2021. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +84.1% against 2016 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Reclaimed Rubber Production in Iran

In value terms, reclaimed rubber production reduced dramatically to $X in 2021 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 55%. As a result, production attained the peak level of $X, and then reduced sharply in the following year.

Reclaimed Rubber Exports

Exports from Iran

For the fifth consecutive year, Iran recorded growth in shipments abroad of reclaimed rubber, which increased by 1% to X tons in 2021. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 201% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, reclaimed rubber exports expanded to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 264%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Turkey (X tons), Pakistan (X tons) and Armenia (X tons) were the main destinations of reclaimed rubber exports from Iran, together accounting for 99.9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +47.5%), while the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X), Pakistan ($X) and Armenia ($X) appeared to be the largest markets for reclaimed rubber exported from Iran worldwide, with a combined 99.9% share of total exports.

Armenia, with a CAGR of +74.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average reclaimed rubber export price amounted to $X per ton, leveling off at the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, reclaimed rubber export price increased by +65.1% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Turkey ($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 Armenia (+18.6%), while the prices for the other major destinations experienced mixed trend patterns.

Reclaimed Rubber Imports

Imports into Iran

In 2021, supplies from abroad of reclaimed rubber decreased by -68.3% to X tons, falling for the fourth consecutive year after four years of growth. Overall, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 107% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, reclaimed rubber imports dropped sharply to $X in 2021. In general, imports showed a sharp setback. The growth pace was the most rapid in 2015 when imports increased by 43%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and France (X tons) were the main suppliers of reclaimed rubber imports to Iran, with a combined 78% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +2.1%), while purchases for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of reclaimed rubber to Iran, comprising 57% of total imports. The second position in the ranking was held by India ($X), with a 14% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-29.1% per year) and Belgium (-35.0% per year).

Import Prices by Country

The average reclaimed rubber import price stood at $X per ton in 2021, with an increase of 6.1% against the previous year. In general, the import price, however, recorded a slight curtailment. The growth pace was the most rapid in 2018 when the average import price increased by 45%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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