Iran: Mattocks And Rakes Market 2024

Mattocks And Rakes Market Size in Iran

The Iranian mattocks and rakes market shrank significantly to $X in 2022, reducing by -15.7% 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). In general, consumption recorded a deep downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Mattocks And Rakes Exports

Exports from Iran

In 2022, the amount of mattocks, picks, hoes and rakes exported from Iran dropped rapidly to X tons, with a decrease of -29% compared with the previous year. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 941%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, mattocks and rakes exports reduced to $X in 2022. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2019 when exports increased by 747% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for mattocks and rakes exports from Iran, with a 49% share of total exports. Moreover, mattocks and rakes exports to Russia exceeded the volume sent to the second major destination, Iraq (X kg), threefold. Azerbaijan (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+10.8% per year) and Azerbaijan (+33.9% per year).

In value terms, Iraq ($X), Kazakhstan ($X) and Russia ($X) appeared to be the largest markets for mattocks and rakes exported from Iran worldwide, together accounting for 67% of total exports. Azerbaijan and Afghanistan lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, Azerbaijan, with a CAGR of +73.8%, 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 more modest paces of growth.

Export Prices by Country

The average mattocks and rakes export price stood at $X per ton in 2022, with an increase of 21% against the previous year. In general, the export price, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 78%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mattocks And Rakes Imports

Imports into Iran

For the third year in a row, Iran recorded decline in supplies from abroad of mattocks, picks, hoes and rakes, which decreased by -18.5% to X tons in 2022. In general, imports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 191% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, mattocks and rakes imports reduced dramatically to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 323%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of mattocks and rakes imports to Iran, together accounting for 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +18.7%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of mattocks, picks, hoes and rakes to Iran, comprising 57% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 28% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+25.9% per year) and Taiwan (Chinese) (-2.9% per year).

Import Prices by Country

The average mattocks and rakes import price stood at $X per ton in 2022, with an increase of 2.8% against the previous year. Over the period under review, the import price showed a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 69% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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