Iran: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in Iran

The Iranian synthetic organic tanning substances market expanded markedly to $X in 2021, rising by 11% against the previous year. In general, consumption recorded significant growth. Synthetic organic tanning substances consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Synthetic Organic Tanning Substances in Iran

In value terms, synthetic organic tanning substances production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 19% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Synthetic Organic Tanning Substances

Exports from Iran

In 2021, approx. X tons of synthetic organic tanning substances were exported from Iran; declining by -46.2% against the year before. Over the period under review, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2019 with an increase of 33%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, synthetic organic tanning substances exports fell sharply to $X in 2021. In general, exports faced a dramatic descent. The pace of growth was the most pronounced in 2019 when exports increased by 65%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X tons) was the main destination for synthetic organic tanning substances exports from Iran, with a 86% share of total exports. Moreover, synthetic organic tanning substances exports to Uzbekistan exceeded the volume sent to the second major destination, Azerbaijan (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (0.0% per year) and Turkey (-43.7% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for synthetic organic tanning substances exports from Iran, comprising 92% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a 5.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Uzbekistan amounted to +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+21.2% per year) and Turkey (-46.9% per year).

Export Prices by Country

In 2021, the average synthetic organic tanning substances export price amounted to $X per ton, rising by 40% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, synthetic organic tanning substances export price increased by +69.2% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Turkey ($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 Azerbaijan (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Synthetic Organic Tanning Substances

Imports into Iran

In 2021, purchases abroad of synthetic organic tanning substances increased by 27% to X tons for the first time since 2015, thus ending a five-year declining trend. In general, imports saw measured growth. The pace of growth appeared the most rapid in 2015 when imports increased by 171% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, synthetic organic tanning substances imports soared to $X in 2021. Overall, imports, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2015 with an increase of 136%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest synthetic organic tanning substances supplier to Iran, with a 64% share of total imports. Moreover, synthetic organic tanning substances imports from Turkey exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. France (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-7.6% per year) and France (+12.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of synthetic organic tanning substances to Iran, comprising 55% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 24% share of total imports. It was followed by France, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-7.2% per year) and France (+16.8% per year).

Import Prices by Country

In 2021, the average synthetic organic tanning substances import price amounted to $X per ton, with an increase of 2% against the previous year. In general, the import price, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 9.1% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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, the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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