Iran: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in Iran

The Iranian vegetable waxes market contracted to $X in 2022, falling by X% against the previous year. Overall, consumption recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when the market value increased by X%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Waxes Production in Iran

In value terms, vegetable waxes production shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X%. Vegetable waxes production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vegetable Waxes Exports

Exports from Iran

In 2022, the amount of vegetable waxes exported from Iran contracted remarkably to X tons, dropping by X% on the previous year's figure. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, vegetable waxes exports dropped rapidly to $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons) was the main destination for vegetable waxes exports from Iran, accounting for a X% share of total exports. Moreover, vegetable waxes exports to Kuwait exceeded the volume sent to the second major destination, Armenia (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kuwait amounted to X%.

In value terms, Kuwait ($X) emerged as the key foreign market for vegetable waxes exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait amounted to X%.

Export Prices by Country

In 2022, the average vegetable waxes export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Kuwait stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (X%), while the prices for the other major destinations experienced a decline.

Vegetable Waxes Imports

Imports into Iran

In 2022, the amount of vegetable waxes imported into Iran shrank markedly to X tons, waning by X% compared with the previous year. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable waxes imports declined remarkably to $X in 2022. In general, imports, however, recorded a notable expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of vegetable waxes to Iran, accounting for a X% share of total imports. Moreover, vegetable waxes imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of vegetable waxes to Iran, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average vegetable waxes import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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