Iran: Smart Card Market 2025

Smart Card Market Size in Iran

The Iranian smart card market shrank modestly to $X in 2022, leveling off at the previous year. Overall, consumption, however, saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Smart Card Production in Iran

In value terms, smart card production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 42% against the previous year. Smart card production peaked at $X in 2019; afterwards, it flattened through to 2022.

Smart Card Exports

Exports from Iran

After three years of decline, shipments abroad of cards incorporating an electronic integrated circuit (smart card) increased by 12% to X units in 2022. Over the period under review, exports, however, recorded a significant contraction. The growth pace was the most rapid in 2014 with an increase of 14,797%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, smart card exports shrank to $X in 2022. Overall, exports, however, continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2014 with an increase of 10,970%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for smart card exports from Iran, with a 74% share of total exports. Moreover, smart card exports to Turkey exceeded the volume sent to the second major destination, Kazakhstan (X units), sixfold. Switzerland (X units) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+9.1% per year) and Switzerland (+15.9% per year).

In value terms, Turkey ($X) remains the key foreign market for cards incorporating an electronic integrated circuit (smart card) exports from Iran, comprising 79% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 14% share of total exports. It was followed by Switzerland, with a 0.8% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+16.5% per year) and Switzerland (-17.2% per year).

Export Prices by Country

In 2022, the average smart card export price amounted to $X per unit, dropping by -18.5% against the previous year. In general, the export price, however, posted tangible growth. The pace of growth appeared the most rapid in 2017 an increase of 179%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Switzerland ($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 Kazakhstan (+6.7%), while the prices for the other major destinations experienced a decline.

Smart Card Imports

Imports into Iran

Smart card imports into Iran skyrocketed to X units in 2022, with an increase of 52% compared with 2021 figures. In general, imports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 61%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, smart card imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a significant contraction. The pace of growth was the most pronounced in 2016 with an increase of 65% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X units) constituted the largest smart card supplier to Iran, accounting for a 54% share of total imports. Moreover, smart card imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore amounted to +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.1% per year) and Hong Kong SAR (+4.1% per year).

In value terms, Singapore ($X) constituted the largest supplier of cards incorporating an electronic integrated circuit (smart card) to Iran, comprising 82% of total imports. The second position in the ranking was held by China ($X), with a 4.9% share of total imports. It was followed by Thailand, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value from Singapore amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-30.0% per year) and Thailand (+52.3% per year).

Import Prices by Country

The average smart card import price stood at $X per unit in 2022, reducing by -1.6% against the previous year. Overall, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 23%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 France ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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