Iran: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in Iran

After two years of growth, the Iranian brakes and servo-brakes market decreased by -7.1% to $X in 2022. Over the period under review, consumption saw a deep setback. Brakes and servo-brakes consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Brakes And Servo-Brakes Exports

Exports from Iran

In 2022, approx. X tons of brakes and servo-brakes were exported from Iran; with a decrease of -11% compared with 2021 figures. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 201% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, brakes and servo-brakes exports dropped to $X in 2022. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 171% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for brakes and servo-brakes exports from Iran, with a 40% share of total exports. Moreover, brakes and servo-brakes exports to Italy exceeded the volume sent to the second major destination, Azerbaijan (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to -17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+27.3% per year) and Turkey (-3.1% per year).

In value terms, Italy ($X), Azerbaijan ($X) and Turkey ($X) were the largest markets for brakes and servo-brakes exported from Iran worldwide, with a combined 63% share of total exports.

In terms of the main countries of destination, Azerbaijan, with a CAGR of +51.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average brakes and servo-brakes export price amounted to $X per ton, reducing by -3.8% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brakes and servo-brakes export price decreased by -0.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31%. The export price peaked at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Brakes And Servo-Brakes Imports

Imports into Iran

After two years of growth, supplies from abroad of brakes and servo-brakes decreased by -4% to X tons in 2022. In general, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of 55%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, brakes and servo-brakes imports dropped to $X in 2022. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2014 when imports increased by 49%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of brakes and servo-brakes to Iran, accounting for a 82% share of total imports. Moreover, brakes and servo-brakes imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-2.7% per year) and Germany (-13.9% per year).

In value terms, China ($X) constituted the largest supplier of brakes and servo-brakes to Iran, comprising 86% of total imports. The second position in the ranking was held by Turkey ($X), with an 8.8% share of total imports. It was followed by Germany, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-2.8% per year) and Germany (-17.8% per year).

Import Prices by Country

In 2022, the average brakes and servo-brakes import price amounted to $X per ton, which is down by -4.7% against the previous year. In general, the import price recorded a mild shrinkage. The pace of growth was the most pronounced in 2020 when the average import price increased by 32%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Romania ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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