Iran: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Iran

The Iranian plastic ornamental articles market reduced remarkably to $X in 2022, dropping by -28.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Plastic Ornamental Articles Exports

Exports from Iran

In 2022, the amount of statuettes and other ornamental articles of plastic exported from Iran shrank significantly to X tons, which is down by -20.3% on the year before. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 443% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, plastic ornamental articles exports dropped to $X in 2022. Overall, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by 434%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Georgia (X tons) was the main destination for plastic ornamental articles exports from Iran, with a 47% share of total exports. Moreover, plastic ornamental articles exports to Georgia exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. The third position in this ranking was held by Armenia (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Georgia stood at +54.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+5.1% per year) and Armenia (+9.4% per year).

In value terms, Georgia ($X) remains the key foreign market for statuettes and other ornamental articles of plastic exports from Iran, comprising 45% of total exports. The second position in the ranking was taken by Armenia ($X), with a 17% share of total exports. It was followed by Azerbaijan, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value to Georgia stood at +44.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+10.0% per year) and Azerbaijan (+9.7% per year).

Export Prices by Country

In 2022, the average plastic ornamental articles export price amounted to $X per ton, picking up by 13% against the previous year. In general, the export price, however, saw a noticeable setback. The growth pace was the most rapid in 2019 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Iran

In 2022, approx. X tons of statuettes and other ornamental articles of plastic were imported into Iran; which is down by -31.7% on the previous year's figure. Overall, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 49% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic ornamental articles imports contracted notably to $X in 2022. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 140%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of plastic ornamental articles to Iran, accounting for a 94% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -15.7%.

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Iran, comprising 94% of total imports. The second position in the ranking was taken by India ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -10.2%.

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, surging by 8.2% against the previous year. Over the period under review, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 75% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.9%).

Source: IndexBox Platform

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