Iran: Sulphites Market 2024

Sulphites Market Size in Iran

The Iranian sulphites market reduced modestly to $X in 2022, dropping by -1.7% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Sulphites Production in Iran

In value terms, sulphites production fell modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +4.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 21%. Sulphites production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Sulphites Exports

Exports from Iran

In 2022, shipments abroad of sulphites decreased by -60.6% to X tons, falling for the second year in a row after four years of growth. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 294%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, sulphites exports contracted rapidly to $X in 2022. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 351% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for sulphites exports from Iran, accounting for a 56% share of total exports. Moreover, sulphites exports to Turkey exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. Kyrgyzstan (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+20.0% per year) and Kyrgyzstan (-77.1% per year).

In value terms, Turkey ($X) remains the key foreign market for sulphites exports from Iran, comprising 60% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 21% share of total exports. It was followed by Uzbekistan, with a 15% share.

From 2012 to 2022, 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: Kyrgyzstan (-47.4% per year) and Uzbekistan (+19.7% per year).

Export Prices by Country

The average sulphites export price stood at $X per ton in 2022, growing by 77% against the previous year. Overall, the export price saw a strong increase. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Uzbekistan ($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 Kyrgyzstan (+129.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites Imports

Imports into Iran

In 2022, approx. X tons of sulphites were imported into Iran; with an increase of 5% against 2021 figures. In general, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 32% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphites imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 24% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sulphites to Iran, accounting for a 76% share of total imports. Moreover, sulphites imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-13.8% per year) and India (-71.5% per year).

In value terms, China ($X), Turkey ($X) and India ($X) constituted the largest sulphites suppliers to Iran, with a combined 95% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of -5.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average sulphites import price stood at $X per ton in 2022, jumping by 18% against the previous year. Over the period under review, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 75%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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