Iran: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in Iran

The Iranian motor vehicle engine market declined slightly to $X in 2021, reducing by -3.6% 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 continues to indicate a abrupt downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Motor Vehicle Engine Exports

Exports from Iran

In 2021, exports of motor vehicle engines (spark-ignition) from Iran expanded rapidly to X tons, rising by 5.4% compared with the previous year. Over the period under review, exports, however, recorded a sharp slump. The pace of growth appeared the most rapid in 2018 when exports increased by 286% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, motor vehicle engine exports dropped to $X in 2021. Overall, exports, however, saw a precipitous setback. The most prominent rate of growth was recorded in 2018 when exports increased by 69%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Tajikistan (X tons) and Egypt (X kg) were the main destinations of motor vehicle engine exports from Iran.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +195.9%), while the other leaders experienced mixed trend patterns.

In value terms, Tajikistan ($X), China ($X) and Egypt ($X) constituted the largest markets for motor vehicle engine exported from Iran worldwide, with a combined 99.9% share of total exports.

Among the main countries of destination, Tajikistan, with a CAGR of +110.2%, saw 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 motor vehicle engine export price amounted to $X per ton, which is down by -17.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 115%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while the average price for exports to China ($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 Sweden (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Engine Imports

Imports into Iran

In 2021, imports of motor vehicle engines (spark-ignition) into Iran fell slightly to X tons, declining by -2.3% compared with the previous year. Overall, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 224% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, motor vehicle engine imports dropped to $X in 2021. Over the period under review, imports saw a noticeable reduction. The growth pace was the most rapid in 2020 when imports increased by 112%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of motor vehicle engine to Iran, accounting for a 97% share of total imports. It was followed by Japan (X tons), with a 0.4% share of total imports. Turkey (X tons) ranked third in terms of total imports with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-32.8% per year) and Turkey (-39.4% per year).

In value terms, China ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to Iran, comprising 97% of total imports. The second position in the ranking was taken by Turkey ($X), with a 0.3% share of total imports. It was followed by Japan, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-39.6% per year) and Japan (-23.5% per year).

Import Prices by Country

The average motor vehicle engine import price stood at $X per ton in 2021, reducing by -4.9% against the previous year. Overall, the import price, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 95%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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