Iran: Canned Food Market 2024

Canned Food Market Size in Iran

After three years of decline, the Iranian canned food market increased by 6.7% to $X in 2021. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Canned Food Production in Iran

In value terms, canned food production rose remarkably to $X in 2021 estimated in export price. Overall, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.9% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of 22%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Canned Food Exports

Exports from Iran

In 2021, exports of canned food from Iran contracted rapidly to X tons, shrinking by -22.7% compared with the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 32% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, canned food exports fell rapidly to $X in 2021. Over the period under review, exports saw a perceptible decline. The pace of growth appeared the most rapid in 2013 with an increase of 37% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Australia (X tons) and the UK (X tons) were the main destinations of canned food exports from Iran, with a combined 35% share of total exports. Hong Kong SAR, Sweden, Qatar, Canada, North Macedonia, Turkey, the Netherlands, Jordan, Malaysia and Azerbaijan lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +149.5%), while the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), Qatar ($X) and Germany ($X) were the largest markets for canned food exported from Iran worldwide, with a combined 34% share of total exports. These countries were followed by Canada, Australia, Hong Kong SAR, Sweden, the UK, the Netherlands, Turkey, North Macedonia, Azerbaijan and Malaysia, which together accounted for a further 30%.

Turkey, with a CAGR of +122.1%, saw the highest rates of growth with regard to 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

The average canned food export price stood at $X per ton in 2020, which is down by -16.7% against the previous year. Overall, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 16% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2020, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Jordan ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Iran

In 2021, purchases abroad of canned food increased by 29% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by 29%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, canned food imports soared to $X in 2021. Over the period under review, imports, however, saw a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2020, Italy (X tons) constituted the largest canned food supplier to Iran, with a 0.5% share of total imports. Moreover, canned food imports from Italy exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold.

From 2012 to 2020, the average annual growth rate of volume from Italy totaled -21.7%.

In value terms, Italy ($X) constituted the largest supplier of canned food to Iran, comprising 1.2% of total imports. The second position in the ranking was taken by Greece ($X), with a 0.1% share of total imports.

From 2012 to 2020, the average annual growth rate of value from Italy totaled -2.2%.

Import Prices by Country

The average canned food import price stood at $X per ton in 2020, jumping by 50% against the previous year. In general, import price indicated a notable increase from 2012 to 2020: its price increased at an average annual rate of +3.1% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, canned food import price increased by +67.3% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Greece ($X per ton), while the price for Italy totaled $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Italy (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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