The Iran sugar market is expected to grow at a compound annual growth rate of 1.23% over the forecast period to reach a market size of US$443.865 million in 2027 from US$407.461 million in 2020.
Iran produces its sugar, but it also imports sugar from other nations. Iran consumes sugar at a rate that is 30% greater than the average worldwide. According to the Islamic Republic of Iran Customs Administration's most recent data, unrefined sugar reached 714,000 tons from the start of the current Iranian year on March 21 through July 12, representing a 154% increase over the same period the previous year.
According to the manager of the so-called "Beetroot Project" of the Agriculture Ministry, 1.8 million tons of sugar were reportedly produced in Iran during the current Iranian year (March 2021–March 2022). Over 819,000 tons of sugar were imported into Iran in the first 11 months of the Iranian calendar year (March 2021-February 2022). Iran currently has enough sugar to supply the domestic market as needed, thanks to effective planning that increased strategic supply. This amount is adequate to meet more than 70% of domestic demand. (Source: www.irica.gov.ir)
Iran's home market has a few issues, the most significant of which are an ineffective distribution system and government meddling in supply and pricing. If these are overcome, there would always be a supply of commodities, benefiting both producers and consumers. If the sugar market continues to be supplied, the amount of distribution will be lower by the end of the year (2022) than it was last year (2021).
Amid the anti-regime rallies that have shaken the nation for the past five weeks, workers at Iran's Haft Tapeh sugar mill in the city of Shush in the country's southwest have begun a strike. Since the protests initially started in mid-September, the economic hardship that Iranians are experiencing is a crucial component that has contributed to fueling the protests.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2020 | US$407.461 million |
| Market Size Value in 2027 | US$443.865 million |
| Growth Rate | CAGR of 1.23% from 2020 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2022–2027 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Form, Source, Use, And Distribution Channel |
| Companies Covered | MARVDASHT SUGAR COMPANY, ESFAHAN SUGAR COMPANY, Eqlid Sugar Production and Industrial Company, Haft Tappeh SugarCane Agro-Industry Co., TORBAT HEYDARIEH SUGAR COMPANY |
| Customization Scope | Free report customization with purchase |