Iran: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Iran

The Iranian market for industrial, laboratory or bakery ovens declined significantly to $X in 2022, shrinking by -31.6% 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 a deep slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Iran

In 2022, industrial, laboratory or bakery oven exports from Iran shrank notably to X units, with a decrease of -23.5% compared with the previous year. Over the period under review, exports, however, continue to indicate measured growth. The growth pace was the most rapid in 2017 with an increase of 86%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, industrial, laboratory or bakery oven exports declined significantly to $X in 2022. In general, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 202% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Russia (X units), the United Arab Emirates (X units) and Turkey (X units) were the main destinations of industrial, laboratory or bakery oven exports from Iran, together accounting for 54% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +17.5%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the United Arab Emirates ($X) and Turkey ($X) constituted the largest markets for industrial, laboratory or bakery oven exported from Iran worldwide, with a combined 70% share of total exports. Uzbekistan, Germany, Azerbaijan, Armenia, Tajikistan, Ukraine, Kyrgyzstan, Kazakhstan and Georgia lagged somewhat behind, together comprising a further 21%.

Uzbekistan, with a CAGR of +122.5%, 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 export price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, waning by -13% against the previous year. Overall, the export price, however, posted a buoyant expansion. The growth pace was the most rapid in 2018 when the average export price increased by 106% against the previous year. The export price peaked at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Georgia ($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 Uzbekistan (+107.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Iran

In 2022, the amount of industrial, laboratory or bakery ovens imported into Iran declined remarkably to X units, which is down by -33.7% on the previous year's figure. In general, imports showed a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 271% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven imports fell remarkably to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 230%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest industrial, laboratory or bakery oven supplier to Iran, with a 27% share of total imports. Moreover, industrial, laboratory or bakery oven imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.1% per year) and Taiwan (Chinese) (+20.4% per year).

In value terms, the largest industrial, laboratory or bakery oven suppliers to Iran were China ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 72% share of total imports. Sweden, Taiwan (Chinese), France, Germany, Bulgaria, Hong Kong SAR, South Korea, Austria and Spain lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Sweden, with a CAGR of +35.6%, 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

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, surging by 9.1% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial, laboratory or bakery oven import price increased by +84.3% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 94%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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