Iran: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Iran

In 2022, the Iranian gearboxes and speed changers market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed resilient growth. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Exports of Gearboxes and Speed Changers

Exports from Iran

In 2022, the amount of gearboxes and speed changers exported from Iran surged to X tons, rising by X% compared with 2021. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, gearboxes and speed changers exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for gearboxes and speed changers exports from Iran, with a X% share of total exports. Moreover, gearboxes and speed changers exports to Turkey exceeded the volume sent to the second major destination, Georgia (X tons), tenfold. Azerbaijan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Azerbaijan (X% per year).

In value terms, Turkey ($X) remains the key foreign market for gearboxes and speed changers exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Georgia ($X), with an X% share of total exports. It was followed by Azerbaijan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

In 2022, the average gearboxes and speed changers export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, showed a deep slump. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Iran

In 2022, overseas purchases of gearboxes and speed changers decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a strong increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, gearboxes and speed changers imports fell significantly to $X in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest gearboxes and speed changers supplier to Iran, with a X% share of total imports. Moreover, gearboxes and speed changers imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), ninefold. The Czech Republic (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the Czech Republic (X% per year).

In value terms, China ($X) constituted the largest supplier of gearboxes and speed changers to Iran, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

Import Prices by Country

The average gearboxes and speed changers import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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