Iran: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Iran

The Iranian market for turbo, rotary and reciporating displacement compressors contracted to $X in 2022, dropping by -12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a slight downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Iran

In 2022, exports of turbo, rotary and reciporating displacement compressors from Iran contracted remarkably to X units, with a decrease of -48.7% on the year before. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 502% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors dropped remarkably to $X in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by 159%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Georgia (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Iran, accounting for a 84% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to Georgia exceeded the volume sent to the second major destination, Armenia (X units), more than tenfold. Uzbekistan (X units) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume to Georgia amounted to +41.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+8.4% per year) and Uzbekistan (+4.1% per year).

In value terms, the largest markets for turbo, rotary and reciporating displacement compressor exported from Iran were Georgia ($X), Armenia ($X) and Uzbekistan ($X), with a combined 86% share of total exports.

Georgia, with a CAGR of +37.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, jumping by 59% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 72% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+15.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Iran

In 2022, imports of turbo, rotary and reciporating displacement compressors into Iran contracted sharply to X units, dropping by -18.4% against 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 227%. Over the period under review, imports of reached the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of turbo, rotary and reciporating displacement compressors reduced slightly to $X in 2022. Over the period under review, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 157% against the previous year. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Iran, accounting for a 67% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, Ukraine (X units), fivefold. Turkey (X units) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+114.3% per year) and Turkey (-3.0% per year).

In value terms, China ($X) constituted the largest supplier of turbo, rotary and reciporating displacement compressors to Iran, comprising 36% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 7.5% share of total imports. It was followed by Turkey, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+108.9% per year) and Turkey (+0.2% per year).

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, rising by 21% against the previous year. In general, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 an increase of 80% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :