Reza Kavosh – Analyzing the Collapse of Iran’s Bitumen Market in 2024
In his analysis, Reza Kavosh provides a comprehensive examination of the dramatic collapse of Iran’s bitumen market in 2024, highlighting the complex combination of global, regional, and domestic factors that contributed to this decline. Once a major player in the global bitumen industry, Iran experienced a significant downturn due to reduced exports, rising competition, and internal economic instability.
A key factor identified is the sharp decline in exports to major markets such as India and China. Both countries reduced their dependence on Iranian bitumen by increasing domestic production, largely supported by access to cheaper Russian crude oil. This shift significantly weakened Iran’s position in the global supply chain.
At the same time, Iran faced growing competition from regional players like Iraq and global suppliers such as Russia, who offered more competitive pricing. Lower production costs and strategic advantages enabled these competitors to capture market share that Iran had traditionally dominated.
https://www.behance.net/rezakavosh
