Iran: Non-Household Fan Market 2024

Non-Household Fan Market Size in Iran

The Iranian non-household fan market declined markedly to $X in 2022, waning by -19.4% 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 saw a perceptible descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Non-Household Fan Exports

Exports from Iran

In 2022, shipments abroad of non-household ventilation fans was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports posted buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 92%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-household fan exports reduced slightly to $X in 2022. Over the period under review, exports enjoyed a moderate increase. The growth pace was the most rapid in 2019 when exports increased by 77%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Georgia (X units), Azerbaijan (X units) and Uzbekistan (X units) were the main destinations of non-household fan 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 Azerbaijan (with a CAGR of +82.7%), while the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X), Azerbaijan ($X) and Armenia ($X) appeared to be the largest markets for non-household fan exported from Iran worldwide, together comprising 37% of total exports. Sri Lanka and Uzbekistan lagged somewhat behind, together accounting for a further 11%.

Among the main countries of destination, Uzbekistan, with a CAGR of +42.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-household fan export price stood at $X per unit in 2022, waning by -8.2% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2013 an increase of 33%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

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 Sri Lanka ($X per unit), while the average price for exports to Uzbekistan ($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 Armenia (+5.5%), while the prices for the other major destinations experienced a decline.

Non-Household Fan Imports

Imports into Iran

In 2022, imports of non-household ventilation fans into Iran shrank dramatically to X units, which is down by -23.1% on the previous year. Overall, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.2% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 84%. Over the period under review, imports attained the maximum at X units in 2021, and then reduced rapidly in the following year.

In value terms, non-household fan imports dropped to $X in 2022. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 59% 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, China (X units) constituted the largest non-household fan supplier to Iran, accounting for a 46% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.0% per year) and Italy (-2.7% per year).

In value terms, China ($X), Turkey ($X) and Italy ($X) appeared to be the largest non-household fan suppliers to Iran, with a combined 36% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +15.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average non-household fan import price amounted to $X per unit, picking up by 12% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 29% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 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 Italy ($X per unit), while the price for China ($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 (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform