Iran: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Iran

In 2021, the Iranian machine-tool for working wood market increased by 80% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption enjoyed a mild expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports from Iran

In 2021, after three years of decline, there was significant growth in shipments abroad of machine-tools for working wood, when their volume increased by 19% to X tons. Over the period under review, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 when exports increased by 204%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working wood exports soared to $X in 2021. Overall, exports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2015 when exports increased by 388% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Azerbaijan (X tons), Kuwait (X tons) and Turkey (X tons) were the main destinations of machine-tool for working wood exports from Iran, with a combined 61% share of total exports. These countries were followed by Georgia, Oman, Canada and Afghanistan, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +221.7%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Kuwait ($X) and Canada ($X) constituted the largest markets for machine-tool for working wood exported from Iran worldwide, together comprising 72% of total exports.

Canada, with a CAGR of +227.5%, recorded the highest growth rate of 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 machine-tool for working wood export price stood at $X per ton in 2021, rising by 30% against the previous year. In general, the export price enjoyed tangible growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 166% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Iran

In 2021, purchases abroad of machine-tools for working wood increased by 64% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted noticeable growth. The most prominent rate of growth was recorded in 2014 when imports increased by 179%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for working wood imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 208% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Bulgaria (X tons) and Turkey (X tons) were the main suppliers of machine-tool for working wood imports to Iran, together comprising 73% of total imports. Germany, Italy, Estonia, Belgium, the United Arab Emirates and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +141.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), China ($X) and Germany ($X) appeared to be the largest machine-tool for working wood suppliers to Iran, together accounting for 52% of total imports. These countries were followed by Turkey, Estonia, Italy, the United Arab Emirates, Belgium and Taiwan (Chinese), which together accounted for a further 21%.

Among the main suppliers, Estonia, with a CAGR of +134.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, increasing by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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