Iran: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Iran

The Iranian market for motor vehicle chassis fitted with engines totaled $X in 2022, increasing by 13% against the previous year. In general, consumption, however, saw a noticeable reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in Iran

In value terms, production of motor vehicle chassis fitted with engines rose remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 72% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Iran

For the fourth consecutive year, Iran recorded decline in shipments abroad of motor vehicle chassis fitted with engines, which decreased by -25% to X units in 2022. In general, exports faced a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 205% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of motor vehicle chassis fitted with engines skyrocketed to $X in 2022. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 228% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Iraq (X units) and Kazakhstan (X units) were the main destinations of exports of motor vehicle chassis fitted with engines 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 Kazakhstan (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) remains the key foreign market for motor vehicle chassis fitted with engines exports from Iran, comprising 100% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 0.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+3.5% per year) and Iraq (-55.0% per year).

Export Prices by Country

The average export price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, picking up by 54% against the previous year. In general, the export price saw a strong expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 464% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Iraq ($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 Senegal (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Iran

After three years of growth, supplies from abroad of motor vehicle chassis fitted with engines decreased by -16.3% to X units in 2022. Overall, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 247%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of motor vehicle chassis fitted with engines declined to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 350%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of motor vehicle chassis fitted with engines to Iran, accounting for a 54% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Germany (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +64.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.9% per year) and Germany (+13.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Iran, comprising 70% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by China, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +72.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.8% per year) and China (+38.4% per year).

Import Prices by Country

In 2022, the average import price for motor vehicle chassis fitted with engines amounted to $X per unit, surging by 2.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 80% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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