Iran: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Iran

For the third consecutive year, the Iranian machine-tool for removing material market recorded growth in sales value, which increased by 108% to $X in 2021. In general, consumption recorded prominent growth. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in years to come.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Iran

For the fourth consecutive year, Iran recorded growth in shipments abroad of machine-tools for working any material by removal of material, which increased by 25% to X units in 2021. In general, exports, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2018 with an increase of 100%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for removing material exports fell dramatically to $X in 2021. Over the period under review, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 425% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for machine-tool for removing material exports from Iran, with a 50% share of total exports. Moreover, machine-tool for removing material exports to Canada exceeded the volume sent to the second major destination, Malaysia (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+8.0% per year) and the United Arab Emirates (0.0% per year).

In value terms, Canada ($X), Malaysia ($X) and the United Arab Emirates ($X) constituted the largest markets for machine-tool for removing material exported from Iran worldwide, together accounting for 65% of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of +22.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average machine-tool for removing material export price amounted to $X per unit, which is down by -32.1% against the previous year. Over the period under review, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2015 an increase of 153% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Uzbekistan ($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 Azerbaijan (+157.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Iran

In 2021, approx. X units of machine-tools for working any material by removal of material were imported into Iran; rising by 123% compared with the previous year. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 243%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, machine-tool for removing material imports soared to $X in 2021. Over the period under review, imports enjoyed moderate growth. The pace of growth was the most pronounced in 2019 when imports increased by 140% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for removing material supplier to Iran, with a 70% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+54.1% per year) and Germany (-11.1% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Iran, comprising 48% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 10% share of total imports. It was followed by Italy, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+40.1% per year) and Italy (+22.4% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, falling by -18.2% against the previous year. Overall, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 42% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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