Iran: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Iran

The Iranian market for rigid tubes, pipes and hoses of polymers of vinyl chloride shrank modestly to $X in 2022, falling by -2.8% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Iran

In value terms, vinyl chloride polymer rigid pipes production declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 24%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Iran

After three years of decline, shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 40% to X tons in 2022. Over the period under review, exports, however, saw a abrupt downturn. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes exports surged to $X in 2022. In general, exports, however, showed a noticeable descent. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X tons), Turkey (X tons) and Armenia (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from Iran, together accounting for 86% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +177.0%), while the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) emerged as the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Iran, comprising 48% of total exports. The second position in the ranking was taken by Ireland ($X), with an 11% share of total exports. It was followed by Kazakhstan, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uzbekistan amounted to +166.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+11.1% per year) and Kazakhstan (-10.1% per year).

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, rising by 22% against the previous year. In general, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2018 an increase of 34%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Turkey ($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 Kazakhstan (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Iran

In 2022, vinyl chloride polymer rigid pipes imports into Iran contracted sharply to X tons, with a decrease of -23.9% against the previous year. Over the period under review, imports faced a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 196% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes imports rose rapidly to $X in 2022. In general, imports faced a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 128%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), India (X tons) and China (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Iran, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of -5.2%), while imports for the other leaders experienced a decline.

In value terms, Turkey ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Iran, comprising 48% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports. It was followed by China, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to -10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-5.4% per year) and China (-19.0% per year).

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, picking up by 40% against the previous year. Over the period under review, the import price enjoyed notable growth. The growth pace was the most rapid in 2020 an increase of 111%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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