Iran: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Iran

The Iranian pneumatic linear acting actuator market contracted significantly to $X in 2022, waning by -22.3% 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). Overall, consumption showed a relatively flat trend pattern. Pneumatic linear acting actuator consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Pneumatic Linear Acting Actuators

Exports from Iran

Pneumatic linear acting actuator exports from Iran rose to X units in 2022, surging by 1.7% compared with the year before. Overall, exports posted a significant increase. The growth pace was the most rapid in 2015 with an increase of 10,014%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pneumatic linear acting actuator exports shrank significantly to $X in 2022. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 5,175%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X units) was the main destination for pneumatic linear acting actuator exports from Iran, with a 87% share of total exports. Moreover, pneumatic linear acting actuator exports to Norway exceeded the volume sent to the second major destination, Uzbekistan (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (0.0% per year) and Ireland (0.0% per year).

In value terms, Norway ($X) emerged as the key foreign market for pneumatic linear acting actuators exports from Iran, comprising 84% of total exports. The second position in the ranking was taken by Ireland ($X), with a 7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (0.0% per year) and Uzbekistan (0.0% per year).

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, shrinking by -33.8% against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 198% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the 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 Ireland ($X per unit), while the average price for exports to Uzbekistan ($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 (-5.4%), while the prices for the other major destinations experienced a decline.

Imports of Pneumatic Linear Acting Actuators

Imports into Iran

In 2022, after four years of growth, there was significant decline in overseas purchases of pneumatic linear acting actuators, when their volume decreased by -22.1% to X units. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 168%. As a result, imports reached the peak of X units, and then shrank markedly in the following year.

In value terms, pneumatic linear acting actuator imports contracted markedly to $X in 2022. In general, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by 82%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pneumatic linear acting actuator to Iran, with a 86% share of total imports. Moreover, pneumatic linear acting actuator imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.9% per year) and Germany (-4.6% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic linear acting actuators to Iran, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Italy, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.8% per year) and Italy (-18.0% per year).

Import Prices by Country

In 2022, the average pneumatic linear acting actuator import price amounted to $X per unit, remaining stable against the previous year. Overall, the import price recorded a deep setback. The growth pace was the most rapid in 2014 when the average import price increased by 39% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a 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 Italy (+13.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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