Iran: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Iran

In 2021, the Iranian electric heating resistor market increased by 20% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +38.1% against 2019 indices. Electric heating resistor consumption peaked in 2021 and is likely to continue growth in the immediate term.

Electric Heating Resistor Exports

Exports from Iran

In 2021, electric heating resistor exports from Iran surged to X units, jumping by 166% compared with the previous year's figure. In general, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X units), France (X units) and Nicaragua (X units) were the main destinations of electric heating resistor exports from Iran, with a combined 79% share of total exports. These countries were followed by Armenia, Azerbaijan and Tajikistan, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Tajikistan (with a CAGR of +600.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric heating resistor exported from Iran were Uzbekistan ($X), France ($X) and Nicaragua ($X), together comprising 63% of total exports. Armenia, Azerbaijan and Tajikistan lagged somewhat behind, together accounting for a further 14%.

Tajikistan, with a CAGR of +925.2%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the average electric heating resistor export price amounted to $X per unit, increasing by 79% against the previous year. Over the period under review, the export price posted a strong increase. The growth pace was the most rapid in 2015 when the average export price increased by 89%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Armenia ($X per unit), while the average price for exports to Azerbaijan ($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 Tajikistan (+48.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Iran

In 2021, approx. X units of electric heating resistors were imported into Iran; with an increase of 22% on the previous year's figure. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 96% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, electric heating resistor imports surged to $X in 2021. Overall, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 32%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of electric heating resistor to Iran, with a 51% share of total imports. Moreover, electric heating resistor imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Italy (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.1% per year) and Italy (+0.8% per year).

In value terms, China ($X), Italy ($X) and Turkey ($X) appeared to be the largest electric heating resistor suppliers to Iran, together comprising 64% of total imports.

Among the main suppliers, Turkey, with a CAGR of +25.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average electric heating resistor import price stood at $X per unit in 2021, shrinking by -2.8% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 26% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 China ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :