Iran: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Iran

After three years of growth, the Iranian polyethylene in primary forms market decreased by X% to $X in 2023. In general, consumption, however, posted a measured increase. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Production of Polyethylene in Primary Forms in Iran

In value terms, polyethylene in primary forms production rose remarkably to $X in 2023 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports from Iran

In 2023, approx. X tons of polyethylene in primary forms were exported from Iran; surging by X% compared with 2022. Overall, total exports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, polyethylene in primary forms exports skyrocketed to $X in 2023. Over the period under review, total exports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for polyethylene in primary forms exports from Iran, with a X% share of total exports. Moreover, polyethylene in primary forms exports to China exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold. The third position in this ranking was held by Iraq (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Iraq (X% per year).

In value terms, China ($X) remains the key foreign market for polyethylene in primary forms exports from Iran, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Iraq, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Iraq (X% per year).

Export Prices by Country

The average polyethylene in primary forms export price stood at $X per ton in 2023, approximately reflecting the previous year. Over the period under review, the export price recorded a slight decline. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were Iraq ($X per ton) and India ($X per ton), while the average price for exports to Belgium ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene in Primary Forms

Imports into Iran

In 2023, polyethylene in primary forms imports into Iran soared to X tons, increasing by X% on 2022 figures. Over the period under review, imports, however, showed a sharp decrease. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, polyethylene in primary forms imports soared to $X in 2023. In general, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Taiwan (Chinese) (X tons) constituted the largest polyethylene in primary forms supplier to Iran, with a X% share of total imports. Moreover, polyethylene in primary forms imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Taiwan (Chinese) was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of polyethylene in primary forms to Iran, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2023, the average annual growth rate of value from Taiwan (Chinese) totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

The average polyethylene in primary forms import price stood at $X per ton in 2023, dropping by X% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, polyethylene in primary forms import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform