Iran: Woolen Yarn Market 2024

Woolen Yarn Market Size in Iran

After eight years of decline, the Iranian woolen yarn market increased by 7.9% to $X in 2021. Overall, consumption, however, showed a abrupt contraction. Woolen yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Woolen Yarn Production in Iran

In value terms, woolen yarn production totaled $X in 2021 estimated in export price. Overall, production, however, faced a abrupt downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Woolen Yarn Exports

Exports from Iran

In 2021, woolen yarn exports from Iran rose significantly to X tons, picking up by 7.1% against the previous year. In general, exports posted a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 631% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, woolen yarn exports reached $X in 2021. Overall, exports recorded modest growth. The pace of growth appeared the most rapid in 2015 with an increase of 573%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for woolen yarn exports from Iran, accounting for a 79% share of total exports. Moreover, woolen yarn exports to India exceeded the volume sent to the second major destination, Afghanistan (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to India stood at +110.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-3.9% per year) and Turkey (-21.2% per year).

In value terms, India ($X) remains the key foreign market for yarn of wool exports from Iran, comprising 65% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +104.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-1.6% per year) and Turkey (-22.3% per year).

Export Prices by Country

The average woolen yarn export price stood at $X per ton in 2021, surging by 2% against the previous year. In general, the export price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of 23%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to India ($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 Uzbekistan (+44.1%), while the prices for the other major destinations experienced mixed trend patterns.

Woolen Yarn Imports

Imports into Iran

In 2021, imports of yarn of wool into Iran skyrocketed to X tons, surging by 78% against the previous year's figure. Overall, imports, however, faced a abrupt contraction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, woolen yarn imports skyrocketed to $X in 2021. In general, imports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of 30%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mongolia (X tons) constituted the largest woolen yarn supplier to Iran, accounting for a 66% share of total imports. Moreover, woolen yarn imports from Mongolia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mongolia stood at +281.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.8% per year) and Italy (+45.8% per year).

In value terms, China ($X) constituted the largest supplier of yarn of wool to Iran, comprising 77% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Mongolia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+34.9% per year) and Mongolia (+150.9% per year).

Import Prices by Country

The average woolen yarn import price stood at $X per ton in 2021, which is down by -31.6% against the previous year. Overall, the import price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 124% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then contracted significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+30.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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