Iran: Engine Generator Market 2025

Engine Generator Market Size in Iran

In 2022, the Iranian engine generator market decreased by -17% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption recorded a abrupt downturn. Engine generator consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Engine Generator Exports

Exports from Iran

Engine generator exports from Iran surged to X units in 2022, with an increase of 72% against 2021. In general, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 4,613% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, engine generator exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 3,042% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X units), Uzbekistan (X units) and Ukraine (X units) were the main destinations of engine generator exports from Iran, with a combined 99.9% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Azerbaijan (with a CAGR of +43.5%), while the other leaders experienced mixed trend patterns.

In value terms, Azerbaijan ($X) remains the key foreign market for generators for internal combustion engines exports from Iran, comprising 67% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Azerbaijan totaled +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (0.0% per year) and Ukraine (-4.1% per year).

Export Prices by Country

In 2022, the average engine generator export price amounted to $X per unit, with a decrease of -19.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 486% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Iran

In 2022, overseas purchases of generators for internal combustion engines decreased by -8.6% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 109%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, engine generator imports fell sharply to $X in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 98%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest engine generator supplier to Iran, accounting for a 90% share of total imports. Moreover, engine generator imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-15.3% per year) and Italy (+63.0% per year).

In value terms, China ($X) constituted the largest supplier of generators for internal combustion engines to Iran, comprising 85% of total imports. The second position in the ranking was held by Turkey ($X), with a 6.8% share of total imports. It was followed by Italy, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-20.8% per year) and Italy (+58.1% per year).

Import Prices by Country

In 2022, the average engine generator import price amounted to $X per unit, falling by -17.7% against the previous year. Overall, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 63%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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