Report Update Nov 1, 2024

Iran - Toluene - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Toluene Market 2024

Toluene Market Size in Iran

In 2021, the Iranian toluene market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption continues to indicate a deep contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Toluene Production in Iran

In value terms, toluene production rose markedly to $X in 2021 estimated in export price. In general, production showed a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of 14% against the previous year. Toluene production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Toluene Exports

Exports from Iran

Toluene exports from Iran reduced to X tons in 2021, declining by -2% against the previous year. Over the period under review, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 273%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, toluene exports dropped to $X in 2021. Overall, exports, however, enjoyed a tangible increase. The growth pace was the most rapid in 2014 with an increase of 244% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for toluene exports from Iran, accounting for a 92% share of total exports. Moreover, toluene exports to Azerbaijan exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Azerbaijan stood at +185.0%.

In value terms, Azerbaijan ($X) emerged as the key foreign market for toluene exports from Iran, comprising 88% of total exports. The second position in the ranking was taken by India ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Azerbaijan totaled +205.2%.

Export Prices by Country

The average toluene export price stood at $X per ton in 2021, which is down by -5.2% against the previous year. In general, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 8.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Azerbaijan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+7.0%), while the prices for the other major destinations experienced a decline.

Toluene Imports

Imports into Iran

In 2021, imports of toluene into Iran skyrocketed to X tons, with an increase of 17% on the previous year's figure. Over the period under review, imports recorded a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 469% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, toluene imports skyrocketed to $X in 2021. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 431% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, India (X tons) was the main supplier of toluene to Iran, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from India totaled +104.9%.

In value terms, India ($X) constituted the largest supplier of toluene to Iran.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +92.9%.

Import Prices by Country

In 2021, the average toluene import price amounted to $X per ton, picking up by 26% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 68%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +27.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for toluene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 48% share of global consumption. These countries were followed by Japan, Taiwan Chinese), Brazil, Germany, Russia, the UK, Italy, South Korea, Iran and Spain, which together accounted for a further 29%.

What are the largest producers of toluene in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, with a combined 44% share of global production. India, Germany, Brazil, Taiwan Chinese), Thailand, Russia, the UK, Italy, Singapore and Spain lagged somewhat behind, together accounting for a further 33%.

What are the leading suppliers of toluene to Iran?

In value terms, India constituted the largest supplier of toluene to Iran.

What are the leading importers of toluene from Iran?

In value terms, Azerbaijan emerged as the key foreign market for toluene exports from Iran, comprising 88% of total exports. The second position in the ranking was occupied by India, with a 12% share of total exports.

What is the average export price for toluene in Iran?

In 2021, the average toluene export price amounted to $538 per ton, growing by 21% against the previous year.

What is the average import price for toluene in Iran?

In 2021, the average toluene import price amounted to $1,097 per ton, dropping by -16.5% against the previous year.

This report provides an in-depth analysis of the toluene market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141225 - Toluene

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023