Vulcanised Rubber Thread Market in Iran
Market Overview
In 
, the Iranian vulcanised rubber thread market decreased by -% to $ for the first time since 2018, thus ending a three-year rising trend. In general, the total consumption indicated a prominent increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Over the period under review, the market attained the peak level at $ in , and then fell in the following year.
, the Iranian vulcanised rubber thread market decreased by -% to $ for the first time since 2018, thus ending a three-year rising trend. In general, the total consumption indicated a prominent increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Over the period under review, the market attained the peak level at $ in , and then fell in the following year.Consumption
In , consumption of vulcanised rubber thread and cord decreased by -% to tons, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated a strong expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption attained the peak volume of tons. From to , the growth of the consumption failed to regain momentum.
The revenue of the vulcanised rubber thread market in Iran shrank to $ in , waning by -% 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, the total consumption indicated a buoyant expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Vulcanised rubber thread consumption peaked at $ in , and then reduced in the following year.
, consumption of vulcanised rubber thread and cord decreased by -% to tons, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated a strong expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption attained the peak volume of tons. From to , the growth of the consumption failed to regain momentum.The revenue of the vulcanised rubber thread market in Iran shrank to $
in , waning by -% 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, the total consumption indicated a buoyant expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Vulcanised rubber thread consumption peaked at $ in , and then reduced in the following year.Market Forecast
Driven by increasing demand for vulcanised rubber thread and cord in Iran, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Vulcanised rubber thread market in Iran consists almost entirely of imported products.
Trade Balance
Iran remains a net importer of vulcanised rubber thread; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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