Iran: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Iran

The Iranian non-electric roasting furnace market reduced rapidly to $X in 2022, waning by -40.3% 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 continues to indicate a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Non-Electric Roasting Furnace Exports

Exports from Iran

In 2022, the amount of non-electric furnaces and ovens for the roasting or melting exported from Iran shrank sharply to X units, waning by -22.2% on the year before. Overall, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2015 when exports increased by 617%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric roasting furnace exports dropped to $X in 2022. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 24,517% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Iraq (X units) and Armenia (X units) were the main destinations of non-electric roasting furnace exports from Iran, with a combined 43% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric roasting furnace exported from Iran were Spain ($X), Turkey ($X) and Iraq ($X), together comprising 59% of total exports.

Turkey, with a CAGR of +12.2%, recorded 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 mixed trend patterns.

Export Prices by Country

In 2022, the average non-electric roasting furnace export price amounted to $X per unit, picking up by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2015 an increase of 3,335% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to the United Arab Emirates ($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 Turkey (+12.2%), while the prices for the other major destinations experienced a decline.

Non-Electric Roasting Furnace Imports

Imports into Iran

Non-electric roasting furnace imports into Iran contracted significantly to X units in 2022, with a decrease of -42.4% compared with the previous year. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by 394%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric roasting furnace imports declined remarkably to $X in 2022. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 319% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X units) constituted the largest non-electric roasting furnace supplier to Iran, with a 86% share of total imports. Moreover, non-electric roasting furnace imports from Spain exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +39.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-23.8% per year) and Italy (-14.9% per year).

In value terms, Spain ($X) constituted the largest supplier of non-electric furnaces and ovens for the roasting or melting to Iran, comprising 46% of total imports. The second position in the ranking was held by South Korea ($X), with a 4% share of total imports. It was followed by Italy, with a 0.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-26.3% per year) and Italy (-35.3% per year).

Import Prices by Country

In 2022, the average non-electric roasting furnace import price amounted to $X per unit, with an increase of 9.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 51% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+375.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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