Iran: Hydraulic Automatic Regulators Market 2024

Hydraulic Automatic Regulators Market Size in Iran

The Iranian hydraulic automatic regulators market fell markedly to $X in 2021, declining by -20.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt descent. Hydraulic automatic regulators consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hydraulic Automatic Regulators Exports

Exports from Iran

In 2021, shipments abroad of hydraulic or pneumatic automatic regulating instruments increased by 136% to X units for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2015 with an increase of 140%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, hydraulic automatic regulators exports surged to $X in 2021. In general, exports continue to indicate a slight increase. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), Turkey (X units) and South Korea (X units) were the main destinations of hydraulic automatic regulators exports from Iran, with a combined 66% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +17.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic automatic regulators exported from Iran were South Korea ($X), Turkey ($X) and France ($X), together comprising 85% of total exports.

Turkey, with a CAGR of +19.7%, 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

In 2021, the average hydraulic automatic regulators export price amounted to $X per unit, shrinking by -6.6% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hydraulic automatic regulators export price increased by +43.7% against 2016 indices. The growth pace was the most rapid in 2014 an increase of 40%. The export price peaked at $X per unit in 2020, and then shrank in the following year.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while the average price for exports to Oman ($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 the United Arab Emirates (+45.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Automatic Regulators Imports

Imports into Iran

In 2021, approx. X units of hydraulic or pneumatic automatic regulating instruments were imported into Iran; shrinking by -10.6% against the previous year. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2019 when imports increased by 465%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hydraulic automatic regulators imports fell significantly to $X in 2021. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 696% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and the United Arab Emirates (X units) were the main suppliers of hydraulic automatic regulators imports to Iran, together accounting for 59% of total imports. These countries were followed by Free Zones, Greece, the Czech Republic, Spain and Germany, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +31.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of hydraulic or pneumatic automatic regulating instruments to Iran, comprising 51% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 7.4% share of total imports. It was followed by the United Arab Emirates, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+23.0% per year) and the United Arab Emirates (-7.4% per year).

Import Prices by Country

The average hydraulic automatic regulators import price stood at $X per unit in 2021, declining by -14.3% against the previous year. Overall, the import price, however, showed a buoyant expansion. The growth pace was the most rapid in 2013 an increase of 62%. Over the period under review, average import prices reached the maximum 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 ($X per unit), while the price for Free Zones ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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