Iran: Market for Wood Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Residues, Pellets And Other Agglomerates in Iran

For the fifth consecutive year, the Iranian market for wood residues, pellets and other agglomerates recorded decline in sales value, which decreased by -64.3% to $X in 2021. Overall, consumption saw a abrupt contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Wood Residues, Pellets And Other Agglomerates in Iran

In value terms, production of wood residues, pellets and other agglomerates declined to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 36%. Production of peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Iran

In 2021, overseas shipments of wood residues, pellets and other agglomerates were finally on the rise to reach X cubic meters for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of wood residues, pellets and other agglomerates skyrocketed to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 676% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tajikistan (X cubic meters) was the main destination for exports of wood residues, pellets and other agglomerates from Iran, with a 86% share of total exports. Moreover, exports of wood residues, pellets and other agglomerates to Tajikistan exceeded the volume sent to the second major destination, Australia (X cubic meters), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tajikistan totaled +247.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+38.1% per year) and the United Arab Emirates (+31.8% per year).

In value terms, Tajikistan ($X) emerged as the key foreign market for wood residues, pellets and other agglomerates exports from Iran, comprising 70% of total exports. The second position in the ranking was held by Australia ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Tajikistan stood at +248.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+95.7% per year) and the United Arab Emirates (+2.6% per year).

Export Prices by Country

In 2021, the average export price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, shrinking by -49.3% against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 397%. As a result, the export price reached the peak level of $X per cubic meter. From 2017 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, amid the top suppliers, the country with the highest price was Australia ($X per cubic meter), while the average price for exports to the United Arab Emirates (less than $X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+103.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Iran

In 2021, overseas purchases of wood residues, pellets and other agglomerates were finally on the rise to reach X cubic meters after two years of decline. Overall, imports, however, showed a deep reduction. The growth pace was the most rapid in 2016 when imports increased by 1,791% against the previous year. As a result, imports attained the peak of X cubic meters. From 2017 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of wood residues, pellets and other agglomerates stood at $X in 2021. Over the period under review, imports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2016 when imports increased by 1,871% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Turkey (X cubic meters) was the main wood residues, pellets and other agglomerates supplier to Iran, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at -14.4%.

In value terms, Turkey ($X) constituted the largest supplier of wood residues, pellets and other agglomerates to Iran.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to -5.1%.

Import Prices by Country

In 2021, the average import price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, declining by -28.1% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for wood residues, pellets and other agglomerates increased by +77.1% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 103% against the previous year. The import price peaked at $X per cubic meter in 2020, and then contracted remarkably in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +42.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :