Report Update Nov 1, 2024

Iran - Worked Articles of Wax - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Iran

In 2022, the Iranian worked wax articles market decreased by -13.9% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, saw a strong increase. Worked wax articles consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Worked Wax Articles Exports

Exports from Iran

In 2022, overseas shipments of worked articles of wax decreased by -10.7% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a strong increase. The growth pace was the most rapid in 2019 when exports increased by 2,267%. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, worked wax articles exports shrank to $X in 2022. Overall, exports, however, posted temperate growth. The pace of growth was the most pronounced in 2019 when exports increased by 1,715% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Ukraine (X units) was the main destination for worked wax articles exports from Iran, accounting for a 79% share of total exports. Moreover, worked wax articles exports to Ukraine exceeded the volume sent to the second major destination, Azerbaijan (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ukraine amounted to +30.4%.

In value terms, Ukraine ($X) remains the key foreign market for worked articles of wax exports from Iran, comprising 81% of total exports. The second position in the ranking was held by Azerbaijan ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ukraine stood at +36.2%.

Export Prices by Country

In 2022, the average worked wax articles export price amounted to $X per thousand units, almost unchanged from the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 57% against the previous year. The export price peaked at $X per thousand units in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per thousand units), while the average price for exports to Azerbaijan amounted to $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+113.6%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Wax Articles Imports

Imports into Iran

In 2022, purchases abroad of worked articles of wax decreased by -13.3% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 479% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, worked wax articles imports reduced to $X in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 575%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units) constituted the largest worked wax articles supplier to Iran, accounting for a 67% share of total imports. Moreover, worked wax articles imports from India exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from India stood at +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+63.9% per year) and Germany (-6.2% per year).

In value terms, India ($X) constituted the largest supplier of worked articles of wax to Iran, comprising 77% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +37.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+70.8% per year) and Germany (-9.8% per year).

Import Prices by Country

The average worked wax articles import price stood at $X per thousand units in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2015 an increase of 70%. As a result, import price reached the peak level of $X per thousand units. From 2016 to 2022, the average import prices remained at a lower figure.

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 India ($X per thousand units), while the price for Germany ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for worked articles of wax in the world?

The countries with the highest volumes of worked wax articles consumption in 2021 were Ireland, China and Spain, together accounting for 37% of global consumption.

What are the largest producers of worked articles of wax in the world?

The countries with the highest volumes of worked wax articles production in 2021 were China, the United States and India, with a combined 45% share of global production. Japan, Indonesia, Pakistan, Russia, Germany, Mexico, Brazil, South Korea, Belgium and Italy lagged somewhat behind, together accounting for a further 33%.

What are the leading suppliers of worked articles of wax to Iran?

In value terms, India constituted the largest supplier of worked wax articles to Iran, comprising 96% of total imports. The second position in the ranking was occupied by Germany, with a 3.8% share of total imports.

What are the leading importers of worked articles of wax from Iran?

In value terms, Ukraine remains the key foreign market for worked wax articles exports from Iran, comprising 91% of total exports. The second position in the ranking was occupied by Moldova, with a 5.5% share of total exports.

What is the average export price for worked articles of wax in Iran?

In 2021, the average worked wax articles export price amounted to $34 per unit, reducing by -7.9% against the previous year.

What is the average import price for worked articles of wax in Iran?

The average worked wax articles import price stood at $15 per unit in 2021, surging by 1.9% against the previous year.

This report provides an in-depth analysis of the worked wax articles 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 32995940 - Worked vegetable or mineral..., moulded... articles of wax, s tearin,

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