Iran: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Iran

In 2021, the Iranian lathe for removing metal market increased by 115% to $X, rising for the third year in a row after two years of decline. Overall, consumption recorded resilient growth. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Lathes For Removing Metal

Exports from Iran

In 2021, after six years of decline, there was significant growth in overseas shipments of lathes for removing metal, when their volume increased by 86% to X units. In general, exports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 162%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, lathe for removing metal exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the lafor removing metal exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for lathe for removing metal exports from Iran, accounting for a 98% share of total exports. It was followed by Oman (X units), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest.

In value terms, Turkey ($X) remains the key foreign market for lathes for removing metal exports from Iran, comprising 98% of total exports. The second position in the ranking was taken by Oman ($X), with a 1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to +1.9%.

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2021, increasing by 35% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lathe for removing metal export price increased by +48.2% against 2019 indices. The growth pace was the most rapid in 2015 when the average export price increased by 54% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+30.9%).

Imports of Lathes For Removing Metal

Imports into Iran

In 2021, overseas purchases of lathes for removing metal increased by 130% to X units, rising for the third consecutive year after two years of decline. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 196%. Over the period under review, lafor removing metal imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, lathe for removing metal imports skyrocketed to $X in 2021. Overall, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 205% against the previous year. Over the period under review, lafor removing metal imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of lathe for removing metal to Iran, accounting for a 35% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Armenia (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.0% per year) and Armenia (+52.8% per year).

In value terms, China ($X) constituted the largest supplier of lathes for removing metal to Iran, comprising 33% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Turkey, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.8% per year) and Turkey (+28.7% per year).

Import Prices by Country

In 2021, the average lathe for removing metal import price amounted to $X per unit, which is down by -24.7% against the previous year. Overall, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 32%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for Armenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+42.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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