Iran: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Iran

The Iranian positive displacement pump market surged to $X in 2021, growing by 27% 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 enjoyed a remarkable increase. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Positive Displacement Pump Exports

Exports from Iran

In 2021, overseas shipments of positive displacement pumps and hand pumps decreased by -39.1% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 1,564%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, positive displacement pump exports fell notably to $X in 2021. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 543% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for positive displacement pump exports from Iran, with a 66% share of total exports. Moreover, positive displacement pump exports to Turkey exceeded the volume sent to the second major destination, Uzbekistan (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+90.1% per year) and Georgia (+17.0% per year).

In value terms, the largest markets for positive displacement pump exported from Iran were Turkey ($X), Uzbekistan ($X) and Georgia ($X), with a combined 73% share of total exports.

In terms of the main countries of destination, Uzbekistan, with a CAGR of +70.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average positive displacement pump export price amounted to $X per unit, rising by 39% against the previous year. Over the period under review, the export price, however, recorded a sharp slump. The pace of growth was the most pronounced in 2018 an increase of 559% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+1,176.3%), while the prices for the other major destinations experienced mixed trend patterns.

Positive Displacement Pump Imports

Imports into Iran

In 2021, approx. X units of positive displacement pumps and hand pumps were imported into Iran; increasing by 35% on 2020 figures. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 328%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, positive displacement pump imports expanded significantly to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of 243%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest positive displacement pump supplier to Iran, with a 67% share of total imports. Moreover, positive displacement pump imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+28.5% per year) and the United Arab Emirates (-4.8% per year).

In value terms, China ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Iran, comprising 90% of total imports. The second position in the ranking was held by Turkey ($X), with a 3.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+15.6% per year) and the United Arab Emirates (-15.0% per year).

Import Prices by Country

The average positive displacement pump import price stood at $X per unit in 2021, declining by -15.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for the United Arab Emirates (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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