Iran: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Iran

The Iranian food manufacture machinery market fell significantly to $X in 2021, with a decrease of -72% 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, however, recorded a relatively flat trend pattern. Food manufacture machinery consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Food Manufacture Machinery Exports

Exports from Iran

After three years of decline, overseas shipments of machinery for the preparation or manufacture of food or drink increased by 67% to X units in 2021. In general, exports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 669%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, food manufacture machinery exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 988% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Afghanistan (X units), Iraq (X units) and Pakistan (X units) were the main destinations of food manufacture machinery exports from Iran, together comprising 87% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +44.9%), while the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X), Iraq ($X) and Turkmenistan ($X) were the largest markets for food manufacture machinery exported from Iran worldwide, with a combined 79% share of total exports. Pakistan and Tajikistan lagged somewhat behind, together accounting for a further 1.6%.

Tajikistan, with a CAGR of +60.1%, saw 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 food manufacture machinery export price stood at $X per unit in 2021, growing by 4.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2013 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Turkmenistan ($X per unit), while the average price for exports to Pakistan ($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 Tajikistan (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Food Manufacture Machinery Imports

Imports into Iran

In 2021, the amount of machinery for the preparation or manufacture of food or drink imported into Iran fell sharply to X units, shrinking by -65% on 2020 figures. Overall, imports, however, posted a slight increase. The most prominent rate of growth was recorded in 2015 with an increase of 203% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, food manufacture machinery imports contracted significantly to $X in 2021. In general, imports, however, showed a slight increase. The growth pace was the most rapid in 2020 with an increase of 140% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X units), Turkey (X units) and Germany (X units) were the main suppliers of food manufacture machinery imports to Iran, with a combined 43% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +83.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Germany ($X) and India ($X) appeared to be the largest food manufacture machinery suppliers to Iran, with a combined 53% share of total imports.

In terms of the main suppliers, Slovenia, with a CAGR of +70.5%, saw the highest rates of growth with regard to 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

In 2021, the average food manufacture machinery import price amounted to $X per unit, falling by -12.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 63%. The import price peaked at $X per unit in 2020, and then contracted 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 India ($X per unit), while the price for Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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