Iran: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Iran

The Iranian market for diesel engines (other than for motor vehicles and aircraft) surged to $X in 2022, growing by 18% 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, however, recorded a abrupt shrinkage. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Iran

In 2022, overseas shipments of diesel engines (other than for motor vehicles and aircraft) increased by 33% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 360%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. Over the period under review, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 535%. Over the period under review, the exports of reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Turkey (X units) and Bulgaria (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Iran, with a combined 75% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for diesel engines (other than for motor vehicles and aircraft) exports from Iran, comprising 61% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Bulgaria, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+9.3% per year) and Bulgaria (+0.9% per year).

Export Prices by Country

In 2022, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, increasing by 42% against the previous year. Overall, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 an increase of 160%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 ($X per unit), while the average price for exports to Georgia ($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 Russia (+33.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Iran

In 2022, the amount of diesel engines (other than for motor vehicles and aircraft) imported into Iran rose significantly to X units, increasing by 9.9% against 2021 figures. Overall, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 52%. Over the period under review, imports of attained the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) soared to $X in 2022. In general, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Iran, accounting for a 74% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. Spain (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-5.3% per year) and Spain (+12.7% per year).

In value terms, China ($X) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Iran, comprising 44% of total imports. The second position in the ranking was held by India ($X), with a 6.7% share of total imports. It was followed by Turkey, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.7% per year) and Turkey (+14.5% per year).

Import Prices by Country

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, picking up by 15% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 78% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 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 Turkey ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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