Iran: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Iran

The Iranian non-cotton terry towelling market plummeted to $X in 2021, dropping by -52.5% against the previous year. Overall, consumption faced a significant decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Cotton Terry Towelling Production in Iran

In value terms, non-cotton terry towelling production declined slightly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 4.6% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank modestly in the following year.

Non-Cotton Terry Towelling Exports

Exports from Iran

In 2021, shipments abroad of terry towelling (excluding of cotton) increased by 4.9% to X square meters, rising for the third year in a row after two years of decline. In general, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 47%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, non-cotton terry towelling exports rose significantly to $X in 2021. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by 48%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Afghanistan (X square meters) was the main destination for non-cotton terry towelling exports from Iran, accounting for a 78% share of total exports. Moreover, non-cotton terry towelling exports to Afghanistan exceeded the volume sent to the second major destination, Iraq (X square meters), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Afghanistan totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+27.8% per year) and Azerbaijan (+9.4% per year).

In value terms, Afghanistan ($X) remains the key foreign market for terry towelling (excluding of cotton) exports from Iran, comprising 87% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Afghanistan totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+23.8% per year) and Iraq (+13.2% per year).

Export Prices by Country

In 2021, the average non-cotton terry towelling export price amounted to $X per square meter, standing approx. at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 3% against the previous year. Over the period under review, the average export prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Afghanistan ($X per square meter), while the average price for exports to Iraq ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+13.2%), while the prices for the other major destinations experienced a decline.

Non-Cotton Terry Towelling Imports

Imports into Iran

In 2021, supplies from abroad of terry towelling (excluding of cotton) increased by 11% to X square meters, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when imports increased by 836%. Imports peaked at X square meters in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, non-cotton terry towelling imports soared to $X in 2021. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,550% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest non-cotton terry towelling supplier to Iran, accounting for a 81% share of total imports. Moreover, non-cotton terry towelling imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.8%.

In value terms, China ($X) constituted the largest supplier of terry towelling (excluding of cotton) to Iran, comprising 87% of total imports. The second position in the ranking was held by Turkey ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +21.8%.

Import Prices by Country

In 2021, the average non-cotton terry towelling import price amounted to $X per square meter, with an increase of 31% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-cotton terry towelling import price increased by +124.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 76% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per square meter), while the price for Turkey amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.9%).

Source: IndexBox Platform

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