Non-Reinforced Rubber Tubing Market in Iran
Market Overview
The Iranian non-reinforced rubber tubing market surged to $
in , jumping 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). Overall, consumption, however, saw a abrupt decrease. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
in , jumping 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). Overall, consumption, however, saw a abrupt decrease. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.Consumption
After three years of growth, consumption of rubber tubing not reinforced decreased by -% to tons in . In general, consumption saw a drastic downturn. As a result, consumption reached the peak volume of tons. From 2015 to , the growth of the consumption failed to regain momentum.
The value of the non-reinforced rubber tubing market in Iran fell slightly to $ in , declining 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). Over the period under review, consumption showed a deep reduction. Non-reinforced rubber tubing consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
% to tons in . In general, consumption saw a drastic downturn. As a result, consumption reached the peak volume of tons. From 2015 to , the growth of the consumption failed to regain momentum.The value of the non-reinforced rubber tubing market in Iran fell slightly to $
in , declining 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). Over the period under review, consumption showed a deep reduction. Non-reinforced rubber tubing consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for non-reinforced rubber tubing in Iran, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract 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 depress the market volume to tons by the end of .In value terms, the market is forecast to contract 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
Non-reinforced rubber tubing market in Iran consists almost entirely of imported products.
Trade Balance
Iran remains a net importer of non-reinforced rubber tubing; 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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