Iran: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Iran

The Iranian wood bending machine market dropped notably to $X in 2021, waning by -61% 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). Over the period under review, consumption recorded a significant contraction. Wood bending machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Wood Bending Machine Exports

Exports from Iran

In 2021, shipments abroad of bending or assembling machines decreased by 0% to X units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 1,550% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wood bending machine exports fell rapidly to $X in 2021. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,432% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for wood bending machine exports from Iran, accounting for a 60% share of total exports. Moreover, wood bending machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Turkey (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +7.0%.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X) were the largest markets for wood bending machine exported from Iran worldwide.

The United Arab Emirates, with a CAGR of +90.9%, 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 mixed trend patterns.

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, falling by -35.6% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 121% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, 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 Turkey ($X per unit), while the average price for exports to Kuwait ($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 the United Arab Emirates (+16.6%), while the prices for the other major destinations experienced a decline.

Wood Bending Machine Imports

Imports into Iran

In 2021, approx. X units of bending or assembling machines were imported into Iran; with a decrease of -62.8% on the year before. In general, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 344%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, wood bending machine imports fell remarkably to $X in 2021. Over the period under review, imports showed a sharp decline. The most prominent rate of growth was recorded in 2015 when imports increased by 214% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), Turkey (X units) and Azerbaijan (X units) were the main suppliers of wood bending machine imports to Iran, together comprising 82% of total imports. Moreover, wood bending machine imports in Italy exceeded the figures recorded by the second-largest supplier, Turkey, twofold.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +20.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of bending or assembling machines to Iran, comprising 53% of total imports. The second position in the ranking was held by South Korea ($X), with a 26% share of total imports. It was followed by Turkey, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-21.4% per year) and Turkey (-26.9% per year).

Import Prices by Country

In 2021, the average wood bending machine import price amounted to $X per unit, picking up by 39% against the previous year. Over the period under review, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 54% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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