Iran: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Iran

In 2021, the Iranian non-reinforced rubber tubing market increased by 39% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, recorded a pronounced contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Reinforced Rubber Tubing Exports

Exports from Iran

In 2021, exports of rubber tubing not reinforced from Iran surged to X tons, growing by 19% compared with 2020. In general, exports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 with an increase of 4,032%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-reinforced rubber tubing exports fell notably to $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 3,522%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for non-reinforced rubber tubing exports from Iran, accounting for a 91% share of total exports. Moreover, non-reinforced rubber tubing exports to Azerbaijan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), more than tenfold. Armenia (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Azerbaijan totaled +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+8.1% per year) and Armenia (-24.0% per year).

In value terms, Azerbaijan ($X) emerged as the key foreign market for rubber tubing not reinforced exports from Iran, comprising 85% of total exports. The second position in the ranking was taken by Armenia ($X), with a 7.9% share of total exports. It was followed by Kyrgyzstan, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to Azerbaijan amounted to +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (-23.4% per year) and Kyrgyzstan (+23.0% per year).

Export Prices by Country

The average non-reinforced rubber tubing export price stood at $X per ton in 2021, declining by -32.6% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2013 when the average export price increased by 19%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Azerbaijan ($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 Kyrgyzstan (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports into Iran

Non-reinforced rubber tubing imports into Iran skyrocketed to X tons in 2021, with an increase of 25% on 2020. In general, imports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2019 when imports increased by 52%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, non-reinforced rubber tubing imports surged to $X in 2021. Over the period under review, imports, however, recorded a noticeable decrease. The growth pace was the most rapid in 2014 with an increase of 40% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of non-reinforced rubber tubing imports to Iran, together accounting for 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +12.9%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of rubber tubing not reinforced to Iran, comprising 49% of total imports. The second position in the ranking was held by Turkey ($X), with a 23% share of total imports. It was followed by the United Arab Emirates, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+5.9% per year) and the United Arab Emirates (-20.5% per year).

Import Prices by Country

The average non-reinforced rubber tubing import price stood at $X per ton in 2021, with an increase of 5.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 42% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a 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 Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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