Masoumeh Moghadam made the statement during the
marketing and downstream applications of petrochemicals panel at the IPF
international conference on Tuesday.
Moghadam noted that countries such as America,
China, India, and Turkey have been facing a sharp decrease in imports of
products like polyethylene, methanol, and styrenes. These countries have
increased their production of these items instead.
She also stated that there are significant
opportunities for Iranian petrochemical producers in the Chinese market, given
the increase in the country's production of these products in recent years.
For instance, China's polyethylene imports have
declined by 10.2 percent between 2010 and 2020, and the decrease is expected to
reach minus 5 percent by 2030.
Regarding India, the planning director of Iran
Petrochemical Trading Company added that the country's market is essential for
Iranian exporters, with most producers looking to participate in sales tenders.
The country is expected to import 4.2 million tons of urea by 2025, down from
the current 10.1 million tons.
Moghadam concluded by emphasizing that
diversifying petrochemical products could be a crucial factor in reducing the
impact of sanctions on the industry. By broadening their product portfolio,
Iranian petrochemical companies can strengthen their position in the global
market and become less reliant on a single product or market.