BAKU, Azerbaijan, February 4. Iran's sales of petrochemical products, including both domestic sales and exports, in the first nine months of the current Iranian year (from March 20 through December 20, 2024), increased by 4.7 percent in terms of value and weight compared to the same period last year (from March 21 through December 21, 2023), Trend reports.
According to the report from Iran's National Petrochemical Company (NPC), the value of petrochemical sales reached $18.3 billion, with a total of approximately 33.2 million tons sold. In comparison, during the same period last year, sales were valued at about $17.5 billion, with approximately 31.7 million tons sold.
In total, 59 million tons of petrochemical products were produced in Iran over these nine months, marking a 3.5 percent increase in production compared to last year's corresponding period, when 57 million tons were produced.
|
Sale |
Weight |
Percentage change (compared to the same period last year) |
Value |
Percentage change (compared to the same period last year) |
|
Local sales |
9.26 million tons |
-0.7 percent |
$7.97 billion |
-1 percent |
|
Export |
23.9 million tons |
6.6 percent |
$10.3 billion |
9.5 percent |
|
Total sales |
33.2 million tons |
4.7 percent |
$18.3 billion |
4.7 percent |
At the same time, there are 72 petrochemical enterprises up and
running in Iran. The capacity for petrochemical production stands
at a staggering 96 million tons annually.
In the coming five years, the country is set to roll out 61
petrochemical enterprises, with a hefty investment of $24 billion
on the table. The output capacity of these businesses is set to
reach 35 million tons annually.
To note, over the next 10 years, Iran's petrochemical production is set to increase to 186 million tons.