Iran: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Iran

The Iranian vulcanised cellular rubber articles market surged to $X in 2021, jumping by 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a mild decrease. Vulcanised cellular rubber articles consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Iran

In 2021, shipments abroad of vulcanised cellular rubber articles for technical uses decreased by -67.1% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by 624%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, vulcanised cellular rubber articles exports reduced notably to $X in 2021. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by 514%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) was the main destination for vulcanised cellular rubber articles exports from Iran, with a 66% share of total exports. Moreover, vulcanised cellular rubber articles exports to Kazakhstan exceeded the volume sent to the second major destination, Kuwait (X kg), threefold. Azerbaijan (X kg) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan amounted to +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+6.5% per year) and Azerbaijan (+38.8% per year).

In value terms, the largest markets for vulcanised cellular rubber articles exported from Iran were Kazakhstan ($X), Kuwait ($X) and Turkey ($X), with a combined 89% share of total exports.

Among the main countries of destination, Turkey, with a CAGR of +53.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vulcanised cellular rubber articles export price stood at $X per ton in 2021, growing by 24% against the previous year. Overall, the export price, however, recorded a perceptible slump. The growth pace was the most rapid in 2013 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Turkey ($X per ton), while the average price for exports to Kazakhstan ($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 Kazakhstan (+6.8%), while the prices for the other major destinations experienced a decline.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Iran

In 2021, purchases abroad of vulcanised cellular rubber articles for technical uses increased by 20% to X tons, rising for the fifth year in a row after two years of decline. Overall, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 109%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, vulcanised cellular rubber articles imports surged to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 189%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of vulcanised cellular rubber articles to Iran, accounting for a 79% share of total imports. Moreover, vulcanised cellular rubber articles imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.1% per year) and the United Arab Emirates (-21.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of vulcanised cellular rubber articles for technical uses to Iran, comprising 49% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by the United Arab Emirates, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.7% per year) and the United Arab Emirates (-16.8% per year).

Import Prices by Country

In 2021, the average vulcanised cellular rubber articles import price amounted to $X per ton, approximately mirroring the previous year. Overall, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised cellular rubber articles import price decreased by -41.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 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 the United Arab Emirates ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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