Iran: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Iran

The Iranian overhead travelling crane market expanded markedly to $X in 2022, surging by 13% 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, however, saw a noticeable contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Overhead Travelling Crane Exports

Exports from Iran

Overhead travelling crane exports from Iran amounted to X units in 2022, stabilizing at the previous year's figure. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 250% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, overhead travelling crane exports skyrocketed to $X in 2022. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 430% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) and Iraq (X units) were the main destinations of overhead travelling crane exports from Iran.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of 0.0%).

In value terms, Sri Lanka ($X) remains the key foreign market for overhead travelling cranes on fixed support exports from Iran, comprising 61% of total exports. The second position in the ranking was held by Iraq ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value to Sri Lanka amounted to -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-18.6% per year) and the United Arab Emirates (+20.1% per year).

Export Prices by Country

In 2022, the average overhead travelling crane export price amounted to $X per unit, surging by 42% against the previous year. In general, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 66% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood 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 Sri Lanka ($X per unit), while the average price for exports to the United Arab Emirates ($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 Azerbaijan (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Overhead Travelling Crane Imports

Imports into Iran

In 2022, overhead travelling crane imports into Iran soared to X units, with an increase of 24% on the previous year. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 265% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, overhead travelling crane imports reduced slightly to $X in 2022. Over the period under review, imports posted a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 184% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Bulgaria (X units), China (X units) and Russia (X units) were the main suppliers of overhead travelling crane imports to Iran, together accounting for 51% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +32.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest overhead travelling crane suppliers to Iran were China ($X), Malaysia ($X) and Russia ($X), with a combined 62% share of total imports.

Russia, with a CAGR of +90.7%, recorded the highest growth rate of 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 overhead travelling crane import price stood at $X per unit in 2022, dropping by -21% against the previous year. Overall, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 373%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+38.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :