Iran: Multimeter Market 2025

Multimeter Market Size in Iran

In 2022, the Iranian multimeter market decreased by -40.8% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a perceptible increase. Multimeter consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Multimeter Exports

Exports from Iran

For the fourth consecutive year, Iran recorded decline in overseas shipments of multimeters, which decreased by -14.3% to X units in 2022. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 225% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, multimeter exports dropped to $X in 2022. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 292% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Armenia (X units) was the main destination for multimeter exports from Iran, with a 67% share of total exports. Moreover, multimeter exports to Armenia exceeded the volume sent to the second major destination, Spain (X units), fourfold. The third position in this ranking was held by the United Arab Emirates (X units), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Armenia amounted to +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+7.2% per year) and the United Arab Emirates (-10.4% per year).

In value terms, the largest markets for multimeter exported from Iran were the UK ($X), Armenia ($X) and Spain ($X), with a combined 86% share of total exports.

Armenia, with a CAGR of +39.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 multimeter export price stood at $X per unit in 2022, growing by 5.5% against the previous year. Over the period under review, the export price showed strong growth. The pace of growth appeared the most rapid in 2019 an increase of 92%. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.

Multimeter Imports

Imports into Iran

In 2022, after two years of growth, there was significant decline in supplies from abroad of multimeters, when their volume decreased by -43.6% to X units. Overall, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 464% against the previous year. As a result, imports attained the peak of X units, and then contracted sharply in the following year.

In value terms, multimeter imports fell dramatically to $X in 2022. In general, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 171%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest multimeter supplier to Iran, with a 54% share of total imports. Moreover, multimeter imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. The third position in this ranking was taken by the UK (X units), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.1% per year) and the UK (+46.6% per year).

In value terms, China ($X), Japan ($X) and Germany ($X) constituted the largest multimeter suppliers to Iran, together accounting for 65% of total imports. The United Arab Emirates, Turkey, Taiwan (Chinese), the UK, India and Hong Kong SAR lagged somewhat behind, together comprising a further 28%.

The UK, with a CAGR of +30.5%, saw 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 more modest paces of growth.

Import Prices by Country

The average multimeter import price stood at $X per unit in 2022, picking up by 21% against the previous year. Overall, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 61%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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