Price for Pectic Substances; Pectinates and Pectates in Iran - 2022

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Iran (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Iran (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Iran
4. Exports of Pectic Substances; Pectinates and Pectates in Iran

Price for Pectic Substances; Pectinates and Pectates in Iran (CIF) - 2022

The average import price for pectic substances; pectinates and pectateses stood at $14,430 per ton in 2022, with a decrease of -2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2013 an increase of 23%. The import price peaked at $16,370 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($21,042 per ton), while the price for Malaysia ($4,295 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Iran (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $8,713 per ton, remaining stable against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 45% against the previous year. As a result, the export price reached the peak level of $10,750 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Austria.

From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to +0.5% per year.

Imports of Pectic Substances; Pectinates and Pectates in Iran

In 2022, supplies from abroad of pectic substances; pectinates and pectateses decreased by -9.3% to 457 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 23%. As a result, imports reached the peak of 504 tons, and then shrank in the following year.

In value terms, pectic substances; pectinates and pectates imports shrank to $6.6M in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 29%. As a result, imports attained the peak of $7.4M, and then shrank in the following year.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Iran in 2022:

1. United Arab Emirates (126.1 tons)
2. Turkey (70.5 tons)
3. Spain (55.7 tons)
4. Malaysia (36.9 tons)
5. Germany (35.0 tons)
6. Italy (24.1 tons)
7. Luxembourg (22.2 tons)
8. Hong Kong SAR (18.4 tons)
9. Switzerland (18.4 tons)
10. India (12.3 tons)
11. Austria (10.5 tons)
12. France (7.6 tons)
13. China (4.6 tons)

Exports of Pectic Substances; Pectinates and Pectates in Iran

Pectic substances; pectinates and pectates exports from Iran skyrocketed to 160 kg in 2022, jumping by 47% on the previous year. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 134% against the previous year. As a result, the exports attained the peak of 215 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pectic substances; pectinates and pectates exports skyrocketed to $1.4K in 2022. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 86%. As a result, the exports attained the peak of $1.8K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Iran in 2022:

1. Austria (160.0 kg)

Source: IndexBox Market Intelligence Platform