Iran: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Iran

The Iranian polyethylene glycol and polyether market dropped to $X in 2022, declining by X% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Polyethylene glycol and polyether consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Iran

In value terms, polyethylene glycol and polyether production dropped modestly to $X in 2022 estimated in export price. In general, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Iran

In 2022, overseas shipments of polyethylene glycols and polyethers in primary forms decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports reduced to $X in 2022. Overall, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for polyethylene glycol and polyether exports from Iran, with a X% share of total exports. Moreover, polyethylene glycol and polyether exports to China exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Turkey (X% per year).

In value terms, China ($X) remains the key foreign market for polyethylene glycols and polyethers in primary forms exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average polyethylene glycol and polyether export price amounted to $X per ton, falling by X% against the previous year. In general, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Iran

Polyethylene glycol and polyether imports into Iran fell to X tons in 2022, shrinking by X% compared with the previous year's figure. In general, imports faced a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, polyethylene glycol and polyether imports shrank remarkably to $X in 2022. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and India (X tons) were the main suppliers of polyethylene glycol and polyether imports to Iran, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest polyethylene glycol and polyether suppliers to Iran were the United Arab Emirates ($X), China ($X) and Turkey ($X), with a combined X% share of total imports. India and South Korea lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average polyethylene glycol and polyether import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Turkey ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform