Iran: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Iran

The Iranian market for electric generating sets and rotary converters expanded sharply to $X in 2020, rising by X% 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). In general, consumption posted resilient growth. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the immediate term.

Exports of Electric Generating Sets And Rotary Converters

Exports from Iran

In 2020, exports of electric generating sets and rotary converters from Iran shrank rapidly to X units, waning by -X% compared with 2019 figures. Overall, exports recorded a dramatic slump. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Exports peaked at X units in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of electric generating sets and rotary converters declined to $X in 2020. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2015 to 2020, the growth of exports remained at a somewhat lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for exports of electric generating sets and rotary converters from Iran, with a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to Burkina Faso exceeded the volume sent to the second major destination, Sudan (X units), threefold. The third position in this ranking was occupied by Tajikistan (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Burkina Faso was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-X% per year) and Tajikistan (X% per year).

In value terms, Burkina Faso ($X), Iraq ($X) and Ethiopia ($X) were the largest markets for electric generating set and rotary converter exported from Iran worldwide, together accounting for X% of total exports.

Iraq recorded 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 mixed trend patterns.

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, increasing by X% against the previous year. In general, the export price continues to indicate a prominent increase. The growth pace was the most rapid in 2009 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Iraq ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Iran

In 2020, overseas purchases of electric generating sets and rotary converters increased by X% to X units, rising for the third year in a row after three years of decline. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the near future.

In value terms, imports of electric generating sets and rotary converters amounted to $X in 2020. Overall, imports recorded a tangible expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2019 to 2020, the growth of imports remained at a lower figure.

Imports by Country

In 2020, the United Arab Emirates (X units) constituted the largest electric generating set and rotary converter supplier to Iran, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. The third position in this ranking was occupied by the Netherlands (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and the Netherlands (+X% per year).

In value terms, South Korea ($X) constituted the largest supplier of electric generating set and rotary converter to Iran, comprising X% of total imports. The second position in the ranking was occupied by Austria ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from South Korea totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and India (+X% per year).

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, almost unchanged from the previous year. Overall, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per unit in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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