Iran: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Iran

The Iranian agricultural forestry machinery market expanded notably to $X in 2022, increasing by 9.9% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Agricultural Forestry Machinery Production in Iran

In value terms, agricultural forestry machinery production rose sharply to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The growth pace was the most rapid in 2020 with an increase of 65%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Agricultural Forestry Machinery Exports

Exports from Iran

In 2022, overseas shipments of agricultural forestry machinery (lawn or sportsground rollers) were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 562% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, agricultural forestry machinery exports surged to $X in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,046% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Armenia (X units) was the main destination for agricultural forestry machinery exports from Iran, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Armenia was relatively modest.

In value terms, Armenia ($X) emerged as the key foreign market for agricultural forestry machinery (lawn or sportsground rollers) exports from Iran.

From 2012 to 2022, the average annual rate of growth in terms of value to Armenia was relatively modest.

Export Prices by Country

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, increasing by 40% against the previous year. In general, the export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 229% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Armenia.

From 2012 to 2022, the rate of growth in terms of prices for Azerbaijan amounted to +25.9% per year.

Agricultural Forestry Machinery Imports

Imports into Iran

Agricultural forestry machinery imports into Iran reduced notably to X units in 2022, falling by -26.1% against the year before. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 211%. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, agricultural forestry machinery imports fell notably to $X in 2022. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 120%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Turkey (X units) and India (X units) were the main suppliers of agricultural forestry machinery imports to Iran, together comprising 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +25.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Italy ($X) constituted the largest agricultural forestry machinery suppliers to Iran, together comprising 73% of total imports.

Turkey, with a CAGR of +22.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average agricultural forestry machinery import price amounted to $X per unit, which is down by -1.8% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agricultural forestry machinery import price decreased by -30.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 84% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+159.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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