Iran: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Iran

In 2021, the Iranian market for forage harvesters and other harvesting machines increased by 197% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Iran

In 2021, overseas shipments of forage harvesters and other harvesting machines increased by 200% to X units, rising for the second consecutive year after two years of decline. Overall, exports posted strong growth. Over the period under review, the exports of attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of forage harvesters and other harvesting machines declined rapidly to $X in 2021. Over the period under review, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 503%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units), South Africa (X units) and Spain (X units) were the main destinations of exports of forage harvesters and other harvesting machines from Iran.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) remains the key foreign market for forage harvesters and other harvesting machines exports from Iran, comprising 50% of total exports. The second position in the ranking was taken by South Africa ($X), with a 0.6% share of total exports. It was followed by Spain, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iraq totaled +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-13.8% per year) and Spain (0.0% per year).

Export Prices by Country

The average export price for forage harvesters and other harvesting machines stood at $X per unit in 2021, waning by -79.2% against the previous year. In general, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 302% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the 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 Iraq ($X per unit), while the average price for exports to Oman ($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 Sudan (+1,962.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Iran

In 2021, purchases abroad of forage harvesters and other harvesting machines increased by 216% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports showed a moderate expansion. The pace of growth appeared the most rapid in 2015 with an increase of 428% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of forage harvesters and other harvesting machines skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of 303% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest forage harvesters and other harvesting machines supplier to Iran, accounting for a 30% share of total imports. Moreover, imports of forage harvesters and other harvesting machines from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. The third position in this ranking was held by Turkey (X units), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.0% per year) and Turkey (-8.4% per year).

In value terms, Germany ($X) constituted the largest supplier of forage harvesters and other harvesting machines to Iran, comprising 28% of total imports. The second position in the ranking was held by China ($X), with an 8.9% share of total imports. It was followed by Poland, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.2% per year) and Poland (+13.0% per year).

Import Prices by Country

In 2021, the average import price for forage harvesters and other harvesting machines amounted to $X per unit, which is down by -8.1% against the previous year. Overall, the import price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2019 an increase of 30% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Italy ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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