Iran: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Iran

The Iranian man-made filament fabric market contracted to $X in 2021, waning by -6.2% 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). In general, consumption, however, recorded a deep contraction. Man-made filament fabric consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Man-Made Filament Fabric Exports

Exports from Iran

In 2021, exports of woven fabrics of man-made filaments and staple fibers from Iran rose remarkably to X tons, with an increase of 11% on the year before. Over the period under review, exports recorded strong growth. The pace of growth was the most pronounced in 2017 with an increase of 122%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, man-made filament fabric exports rose rapidly to $X in 2021. In general, exports saw a moderate increase. The most prominent rate of growth was recorded in 2017 with an increase of 167%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Azerbaijan (X tons) was the main destination for man-made filament fabric exports from Iran, accounting for a 102% share of total exports. Moreover, man-made filament fabric exports to Azerbaijan exceeded the volume sent to the second major destination, Georgia (X tons), fivefold. Armenia (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Azerbaijan totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+74.4% per year) and Armenia (+61.4% per year).

In value terms, Azerbaijan ($X), Georgia ($X) and Armenia ($X) constituted the largest markets for man-made filament fabric exported from Iran worldwide.

Among the main countries of destination, Bahrain, with a CAGR of +103.0%, recorded the highest rates of growth with regard to 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

In 2021, the average man-made filament fabric export price amounted to $X per ton, surging by 2.8% against the previous year. In general, the export price, however, showed a slight curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 74%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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 Georgia ($X per ton), while the average price for exports to Armenia ($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 Georgia (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Man-Made Filament Fabric Imports

Imports into Iran

In 2021, the amount of woven fabrics of man-made filaments and staple fibers imported into Iran amounted to X tons, increasing by 6.9% on the previous year's figure. Over the period under review, imports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 267%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, man-made filament fabric imports contracted to $X in 2021. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 160%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of man-made filament fabric to Iran, accounting for a 99% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. The third position in this ranking was held by India (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.1% per year) and India (+11.5% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Iran, comprising 99% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by India, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-0.6% per year) and India (+0.1% per year).

Import Prices by Country

In 2021, the average man-made filament fabric import price amounted to $X per ton, falling by -17.1% against the previous year. In general, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 46%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per ton) and China ($X per ton), while the price for the United Arab Emirates ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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