Iran: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in Iran

The Iranian feedstuff preparing machinery market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, saw a noticeable slump. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Feedstuff Preparing Machinery Exports

Exports from Iran

In 2021, approx. X units of machinery for preparing animal feedstuffs were exported from Iran; increasing by 950% against 2020 figures. Over the period under review, exports continue to indicate a measured expansion. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, feedstuff preparing machinery exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 411%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X units) was the main destination for feedstuff preparing machinery exports from Iran, accounting for a 81% share of total exports. Moreover, feedstuff preparing machinery exports to Oman exceeded the volume sent to the second major destination, Armenia (X units), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (-66.0% per year) and Azerbaijan (-26.0% per year).

In value terms, Oman ($X) emerged as the key foreign market for machinery for preparing animal feedstuffs exports from Iran, comprising 60% of total exports. The second position in the ranking was taken by Armenia ($X), with a 28% share of total exports. It was followed by Azerbaijan, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+264.2% per year) and Azerbaijan (-30.0% per year).

Export Prices by Country

The average feedstuff preparing machinery export price stood at $X per unit in 2021, which is down by -57.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 67%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per unit), while the average price for exports to Oman ($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 Turkey (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Feedstuff Preparing Machinery Imports

Imports into Iran

In 2021, overseas purchases of machinery for preparing animal feedstuffs were finally on the rise to reach X units after two years of decline. In general, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 171% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, feedstuff preparing machinery imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2018 with an increase of 180%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest feedstuff preparing machinery supplier to Iran, accounting for a 42% share of total imports. Moreover, feedstuff preparing machinery imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. The third position in this ranking was held by Germany (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+3.5% per year) and Germany (+8.6% per year).

In value terms, China ($X), Germany ($X) and Turkey ($X) constituted the largest feedstuff preparing machinery suppliers to Iran, with a combined 67% share of total imports.

Germany, with a CAGR of +15.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average feedstuff preparing machinery import price stood at $X per unit in 2021, surging by 80% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($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 (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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