Iran: Internal Combustion Engines Market 2025

Internal Combustion Engines Market Size in Iran

The Iranian internal combustion engines market skyrocketed to $X in 2021, increasing by 45% 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). Overall, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Internal Combustion Engines Exports

Exports from Iran

After three years of decline, shipments abroad of motor vehicles compression-ignition internal combustion piston engines increased by 144% to X units in 2021. Over the period under review, exports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2016 with an increase of 158% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, internal combustion engines exports skyrocketed to $X in 2021. In general, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 123%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for internal combustion engines exports from Iran, with a 95% share of total exports. Moreover, internal combustion engines exports to Turkey exceeded the volume sent to the second major destination, Egypt (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) remains the key foreign market for motor vehicles compression-ignition internal combustion piston engines exports from Iran, comprising 96% of total exports. The second position in the ranking was taken by Egypt ($X), with a 4.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled -4.0%.

Export Prices by Country

The average internal combustion engines export price stood at $X per unit in 2021, waning by -23.6% against the previous year. Overall, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2017 an increase of 71% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Egypt stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports into Iran

In 2021, imports of motor vehicles compression-ignition internal combustion piston engines into Iran soared to X units, jumping by 42% compared with 2020. In general, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2014 when imports increased by 402% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, internal combustion engines imports surged to $X in 2021. Overall, imports, however, faced a abrupt contraction. The growth pace was the most rapid in 2014 when imports increased by 310% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest internal combustion engines supplier to Iran, accounting for a 71% share of total imports. Moreover, internal combustion engines imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+35.2% per year) and Turkey (+16.4% per year).

In value terms, China ($X) constituted the largest supplier of motor vehicles compression-ignition internal combustion piston engines to Iran, comprising 85% of total imports. The second position in the ranking was taken by Thailand ($X), with a 3.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at -16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+11.1% per year) and Turkey (-1.4% per year).

Import Prices by Country

In 2021, the average internal combustion engines import price amounted to $X per unit, with an increase of 5.4% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2013 an increase of 23% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :