Iran: Invalid Carriage Market 2025

Invalid Carriage Market Size in Iran

The Iranian invalid carriage market declined dramatically to $X in 2022, which is down by -34.1% 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). In general, consumption recorded a deep contraction. Invalid carriage consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Invalid Carriage Exports

Exports from Iran

In 2022, overseas shipments of invalid carriages not mechanically propelled decreased by 0% to X units, falling for the third year in a row after six years of growth. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 733%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, invalid carriage exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 7,502% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X units) was the main destination for invalid carriage exports from Iran, accounting for a 86% share of total exports. Moreover, invalid carriage exports to South Korea exceeded the volume sent to the second major destination, Armenia (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume to South Korea was relatively modest.

In value terms, South Korea ($X) emerged as the key foreign market for invalid carriages not mechanically propelled exports from Iran, comprising 85% of total exports. The second position in the ranking was held by Armenia ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea was relatively modest.

Export Prices by Country

In 2022, the average invalid carriage export price amounted to $X per unit, with an increase of 22% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 812%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per unit), while the average price for exports to South Korea amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+2,700.0%).

Invalid Carriage Imports

Imports into Iran

Invalid carriage imports into Iran dropped markedly to X units in 2022, reducing by -39.9% compared with the year before. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 155%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, invalid carriage imports reduced rapidly to $X in 2022. Over the period under review, imports faced a deep contraction. The growth pace was the most rapid in 2014 when imports increased by 201%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of invalid carriage to Iran, with a 89% share of total imports. It was followed by the United Arab Emirates (X units), with a 0.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-19.6% per year) and Germany (-38.3% per year).

In value terms, China ($X) constituted the largest supplier of invalid carriages not mechanically propelled to Iran, comprising 85% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-15.3% per year) and Germany (-30.5% per year).

Import Prices by Country

The average invalid carriage import price stood at $X per unit in 2022, with an increase of 25% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, invalid carriage import price increased by +80.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 45% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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