Iran: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Iran

The Iranian air conditioning machine market reduced remarkably to $X in 2021, which is down by -15.4% 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, however, saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Air Conditioning Machine Exports

Exports from Iran

In 2021, air conditioning machine exports from Iran shrank dramatically to X units, dropping by -47.8% against the year before. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 150% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, air conditioning machine exports shrank dramatically to $X in 2021. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 147% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Tajikistan (X units) was the main destination for air conditioning machine exports from Iran, with a 65% share of total exports. Moreover, air conditioning machine exports to Tajikistan exceeded the volume sent to the second major destination, Azerbaijan (X units), fivefold. The third position in this ranking was taken by Iraq (X units), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tajikistan stood at +174.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+27.9% per year) and Iraq (+15.3% per year).

In value terms, the largest markets for air conditioning machine exported from Iran were Turkey ($X), Tajikistan ($X) and Sweden ($X), with a combined 73% share of total exports.

Sweden, with a CAGR of +346.3%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average air conditioning machine export price amounted to $X per unit, increasing by 22% against the previous year. Overall, the export price, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2014 an increase of 61%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Turkey ($X per unit), while the average price for exports to Iraq ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+1,460.6%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Iran

In 2021, approx. X units of air conditioning machines were imported into Iran; remaining relatively unchanged against 2020. Over the period under review, imports saw a deep reduction. The growth pace was the most rapid in 2019 when imports increased by 259% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, air conditioning machine imports declined markedly to $X in 2021. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 304% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and Kuwait (X units) were the main suppliers of air conditioning machine imports to Iran, together accounting for 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kuwait (with a CAGR of +179.7%), while imports for the other leaders experienced a decline.

In value terms, the largest air conditioning machine suppliers to Iran were the United Arab Emirates ($X), China ($X) and Turkey ($X), with a combined 84% share of total imports. These countries were followed by Kuwait, Oman, Thailand and South Korea, which together accounted for a further 6.8%.

In terms of the main suppliers, Kuwait, with a CAGR of +192.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, declining by -18% against the previous year. Overall, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 13%. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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