Iran: Hvac Equipment Market 2024

Hvac Equipment Market Size in Iran

The Iranian HVAC equipment market dropped to $X in 2022, declining by X% against the previous year. Overall, consumption showed a deep setback. Consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Hvac Equipment Production in Iran

In value terms, HVAC equipment production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Hvac Equipment Exports

Exports from Iran

In 2022, the amount of HVAC equipment exported from Iran declined sharply to X units, with a decrease of X% against 2021. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then contracted notably in the following year.

In value terms, HVAC equipment exports fell significantly to $X in 2022. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Georgia (X units), Azerbaijan (X units) and Tajikistan (X units) were the main destinations of HVAC equipment exports from Iran, together accounting for X% 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 Tajikistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X), Georgia ($X) and Tajikistan ($X) constituted the largest markets for HVAC equipment exported from Iran worldwide, with a combined X% share of total exports.

Tajikistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

The average HVAC equipment export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to Georgia ($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 Tajikistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hvac Equipment Imports

Imports into Iran

In 2022, the amount of HVAC equipment imported into Iran contracted modestly to X units, dropping by X% compared with the previous year's figure. Overall, imports saw a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, HVAC equipment imports shrank rapidly to $X in 2022. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of HVAC equipment to Iran, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X), the United Arab Emirates ($X) and Germany ($X) were the largest HVAC equipment suppliers to Iran, with a combined X% share of total imports. Austria, Turkey, Italy, South Korea and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Austria, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a deep slump. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 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 the United Arab Emirates ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform