Iran: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in Iran

In 2021, after six years of growth, there was significant decline in the Iranian gas supply meter market, when its value decreased by -8.7% to $X. Overall, consumption recorded buoyant growth. Gas supply meter consumption peaked at $X in 2020, and then declined in the following year.

Gas Supply Meter Production in Iran

In value terms, gas supply meter production reduced to $X in 2021 estimated in export price. Overall, production saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Gas Supply Meter Exports

Exports from Iran

In 2021, shipments abroad of gas supply or production meters decreased by -30.9% to X units, falling for the third consecutive year after two years of growth. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 113%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, gas supply meter exports amounted to $X in 2021. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of 51%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkmenistan (X units) was the main destination for gas supply meter exports from Iran, accounting for a 62% share of total exports. Moreover, gas supply meter exports to Turkmenistan exceeded the volume sent to the second major destination, Russia (X units), sixfold. The third position in this ranking was taken by Kazakhstan (X units), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to Turkmenistan amounted to +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+19.8% per year) and Kazakhstan (-10.9% per year).

In value terms, Armenia ($X) remains the key foreign market for gas supply or production meters exports from Iran, comprising 42% of total exports. The second position in the ranking was taken by Turkmenistan ($X), with a 16% share of total exports. It was followed by Kazakhstan, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Armenia amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (+13.0% per year) and Kazakhstan (-9.6% per year).

Export Prices by Country

In 2021, the average gas supply meter export price amounted to $X per unit, growing by 52% against the previous year. Overall, the export price enjoyed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Armenia ($X per unit), while the average price for exports to Sudan ($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 Armenia (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Gas Supply Meter Imports

Imports into Iran

In 2021, purchases abroad of gas supply or production meters was finally on the rise to reach X units after two years of decline. In general, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 3,934% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, gas supply meter imports surged to $X in 2021. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 4,758%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of gas supply meter to Iran, accounting for a 49% share of total imports. Moreover, gas supply meter imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by France (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.2% per year) and France (+58.3% per year).

In value terms, Germany ($X) constituted the largest supplier of gas supply or production meters to Iran, comprising 39% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.8% share of total imports. It was followed by Argentina, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+33.5% per year) and Argentina (-30.2% per year).

Import Prices by Country

The average gas supply meter import price stood at $X per unit in 2021, which is down by -14.8% against the previous year. Over the period under review, the import price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2017 when the average import price increased by 70%. The import price peaked at $X per unit in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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