Iran: Centrifuges Market 2025

Centrifuges Market Size in Iran

The Iranian centrifuges market surged to $X in 2021, with an increase of 108% 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 showed moderate growth. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Centrifuges Exports

Exports from Iran

In 2021, approx. X units of centrifuges were exported from Iran; picking up by 150% on the year before. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 163% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, centrifuges exports soared to $X in 2021. Overall, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 878%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Lebanon (X units) was the main destination for centrifuges exports from Iran, with a 67% share of total exports. Moreover, centrifuges exports to Lebanon exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Lebanon stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+73.2% per year) and the United Arab Emirates (0.0% per year).

In value terms, Lebanon ($X) emerged as the key foreign market for centrifuges exports from Iran, comprising 67% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 14% share of total exports. It was followed by Turkey, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Lebanon totaled +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+72.8% per year) and Turkey (-43.2% per year).

Export Prices by Country

In 2021, the average centrifuges export price amounted to $X per unit, declining by -41.8% against the previous year. In general, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 263%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to the Czech Republic ($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 UK (+106.2%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifuges Imports

Imports into Iran

In 2021, centrifuges imports into Iran surged to X units, picking up by 162% compared with 2020 figures. Over the period under review, imports showed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 730% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, centrifuges imports soared to $X in 2021. Overall, imports posted a perceptible expansion. The pace of growth appeared the most rapid in 2016 with an increase of 372% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Kuwait (X units) constituted the largest supplier of centrifuges to Iran, accounting for a 51% share of total imports. Moreover, centrifuges imports from Kuwait exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Turkey (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Kuwait totaled +407.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.1% per year) and Turkey (+26.4% per year).

In value terms, the largest centrifuges suppliers to Iran were Turkey ($X), the United Arab Emirates ($X) and China ($X), with a combined 85% share of total imports. Switzerland, Germany and Kuwait lagged somewhat behind, together comprising a further 10%.

Among the main suppliers, Kuwait, with a CAGR of +426.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average centrifuges import price stood at $X per unit in 2021, with a decrease of -36% against the previous year. In general, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2015 an increase of 43% against the previous year. The import price peaked at $X per unit in 2020, and then reduced sharply in the following year.

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 the United Arab Emirates ($X per unit), while the price for Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform