Iran: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Exports

Exports from Iran

In 2022, shipments abroad of non-electric industrial or laboratory furnaces and ovens decreased by -0.5% to X units, falling for the fourth year in a row after three years of growth. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 420% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports contracted to $X in 2022. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 290% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X units) was the main destination for non-electric industrial furnace exports from Iran, with a 78% share of total exports. Moreover, non-electric industrial furnace exports to Uzbekistan exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The third position in this ranking was taken by Australia (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Uzbekistan totaled -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Australia (-14.5% per year).

In value terms, Uzbekistan ($X) emerged as the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from Iran, comprising 83% of total exports. The second position in the ranking was held by Turkey ($X), with a 5.9% share of total exports. It was followed by Australia, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uzbekistan totaled -20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+16.5% per year) and Australia (-16.4% per year).

Export Prices by Country

The average non-electric industrial furnace export price stood at $X per unit in 2022, shrinking by -8.9% against the previous year. In general, the export price, however, showed pronounced growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 202%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Germany ($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 Kazakhstan (+49.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Iran

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens imported into Iran surged to X units, increasing by 145% against the previous year. Over the period under review, imports, however, saw a slight setback. The growth pace was the most rapid in 2020 with an increase of 223% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, non-electric industrial furnace imports surged to $X in 2022. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 338%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric industrial furnace to Iran, accounting for a 67% share of total imports. Moreover, non-electric industrial furnace imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.0% per year) and Poland (+23.1% per year).

In value terms, China ($X) constituted the largest supplier of non-electric industrial or laboratory furnaces and ovens to Iran, comprising 77% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.1% per year) and Poland (+13.4% per year).

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2022, growing by 27% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 36%. 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 China ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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