Iran: Wheat Gluten Market 2024

Wheat Gluten Market Size in Iran

In 2022, the Iranian wheat gluten market increased by 978% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, saw a deep reduction. Wheat gluten consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Wheat Gluten Production in Iran

In value terms, wheat gluten production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 32% against the previous year. Wheat gluten production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Wheat Gluten Exports

Exports from Iran

In 2022, wheat gluten exports from Iran reduced rapidly to X tons, waning by -29.9% against 2021. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2013 with an increase of 165%. The exports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, wheat gluten exports contracted markedly to $X in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 285% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell notably in the following year.

Exports by Country

Turkey (X tons) was the main destination for wheat gluten exports from Iran, with a 78% share of total exports. Moreover, wheat gluten exports to Turkey exceeded the volume sent to the second major destination, India (X tons), fourfold. Armenia (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+34.3% per year) and Armenia (+26.1% per year).

In value terms, Turkey ($X) remains the key foreign market for wheat gluten exports from Iran, comprising 79% of total exports. The second position in the ranking was taken by India ($X), with an 18% share of total exports. It was followed by Armenia, with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey amounted to +39.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+35.2% per year) and Armenia (+28.5% per year).

Export Prices by Country

The average wheat gluten export price stood at $X per ton in 2022, with a decrease of -6.7% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat gluten export price increased by +22.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 45%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and India ($X per ton), while the average price for exports to Armenia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Gluten Imports

Imports into Iran

In 2022, overseas purchases of wheat gluten were finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 868% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, wheat gluten imports soared to $X in 2022. In general, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 920% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of wheat gluten to Iran, accounting for a 69% share of total imports. Moreover, wheat gluten imports from Belgium exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to -11.5%.

In value terms, Belgium ($X) constituted the largest supplier of wheat gluten to Iran, comprising 74% of total imports. The second position in the ranking was taken by Turkey ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to -15.5%.

Import Prices by Country

The average wheat gluten import price stood at $X per ton in 2022, reducing by -15.4% against the previous year. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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