Home / Knowledge / News / Textiles / Producers overwhelmed with mounting petrochemical exports
Producers overwhelmed with mounting petrochemical exports
02
Jun '08
Iran known as one of the leading producers of ethylene in the world saw the total value of its exported petrochemical products reach US $1.26 billion in the first three months of this year ending March 20, 2008.

The aggregate volume of 24 petrochemical products including ethylene and propylene, exported during this period touched 1,554,000 tons.

In the period between March 20 and April 19, Iran's total export volume of petrochemical products was around 751,000 tons valuing approximately $572 million.

Iran Petrochemical Commercial Company (IPCC) earned $14.5 billion from its sales in the period under review, of which $9 billion was fetched from exportation while the remaining was procured by marketing products in the country itself.

In contrast to this, last year, the company earned only $8.3 billion of which nearly $5.5 million were from exports.

This staggering difference in the figures show that export of petrochemical products from Iran is on the rise and that the market demand for the same has doubled considerably fetching high revenue to domestic producers and exporters.

Japan, United Arab Emirates, China, India, South Korea, Italy, Singapore and Taiwan have proved to be some of the most promising potential markets for Iranian petrochemical exports and with the growing demand, especially among the Asian countries, exporters can surely rest assured of a significant profit margin in the years to come.


Must ReadView All

OECD urges UK for close EU ties to meet Brexit challenges

Textiles | On 24th Oct 2017

OECD urges UK for close EU ties to meet Brexit challenges

The British economy has weakened following the decision to leave the...

Accord, Alliance to leave Bangladesh in 2018

Apparel/Garments | On 24th Oct 2017

Accord, Alliance to leave Bangladesh in 2018

Accord and Alliance, the two western buyers' platforms working to...

Gujarat govt announces bonus for cotton farmers

Textiles | On 24th Oct 2017

Gujarat govt announces bonus for cotton farmers

The Gujarat government has announced a bonus of Rs 100 per 20 kg for...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.1%
No
12.7%
Skip
11.3%

Total Votes: 71

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
28.2%
Skip
9.9%

Total Votes: 71

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.9%
No
9.9%
Skip
4.2%

Total Votes: 71

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
76.1%
No
11.3%
Skip
12.7%

Total Votes: 71


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search