Iran: Ironing Machine Market 2024

Ironing Machine Market Size in Iran

The Iranian ironing machine market shrank markedly to $X in 2021, declining by -38.1% 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). Over the period under review, consumption saw a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ironing Machine Exports

Exports from Iran

In 2021, the amount of ironing machines and presses exported from Iran soared to X units, growing by 492% compared with the previous year. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 1,224% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, ironing machine exports surged to $X in 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 552% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Iraq (X units) was the main destination for ironing machine exports from Iran, accounting for a 70% share of total exports. Moreover, ironing machine exports to Iraq exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Iraq amounted to +48.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+59.0% per year) and Uzbekistan (+8.7% per year).

In value terms, Uzbekistan ($X), the United Arab Emirates ($X) and Iraq ($X) constituted the largest markets for ironing machine exported from Iran worldwide, with a combined 68% share of total exports.

The United Arab Emirates, with a CAGR of +77.4%, saw the highest rates of growth with regard to the value of exports, among 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 ironing machine export price stood at $X per unit in 2021, approximately mirroring the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 an increase of 36%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Iraq ($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 Afghanistan (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ironing Machine Imports

Imports into Iran

In 2021, the amount of ironing machines and presses imported into Iran shrank significantly to X units, falling by -18.1% against the previous year. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 92%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, ironing machine imports declined markedly to $X in 2021. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 35%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), South Korea (X units) and Hong Kong SAR (X units) were the main suppliers of ironing machine imports to Iran, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +42.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ironing machines and presses to Iran, comprising 51% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by Sweden, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+24.9% per year) and Sweden (+12.4% per year).

Import Prices by Country

The average ironing machine import price stood at $X per unit in 2021, waning by -35.6% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2020, and then contracted sharply 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 the Czech Republic ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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