Report Update Nov 1, 2024

Iran - Power Tools - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Power Tool Market 2024

Power Tool Market Size in Iran

In 2021, the Iranian power tool market increased by 1.4% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, saw a modest increase. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Power Tool Exports

Exports from Iran

Power tool exports from Iran surged to X units in 2018, jumping by 77% compared with the previous year. Overall, exports, however, saw a dramatic decrease. The exports peaked at X units in 2016; however, from 2017 to 2018, the exports failed to regain momentum.

In value terms, power tool exports skyrocketed to $X in 2018. Over the period under review, exports, however, saw a dramatic slump. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2018, the exports failed to regain momentum.

Exports by Country

Sri Lanka (X units), Tajikistan (X units) and Azerbaijan (X units) were the main destinations of power tool exports from Iran, with a combined 30% share of total exports. Oman, Georgia, Germany, Afghanistan, Turkey, Kazakhstan and the United Arab Emirates lagged somewhat behind, together accounting for a further 70%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +98.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Georgia ($X) and Sri Lanka ($X) appeared to be the largest markets for power tool exported from Iran worldwide, with a combined 27% share of total exports. These countries were followed by Azerbaijan, Tajikistan, Oman, Turkey, Afghanistan, Kazakhstan, the Czech Republic and the United Arab Emirates, which together accounted for a further 73%.

In terms of the main countries of destination, Oman, with a CAGR of +103.7%, saw the highest rates of growth with regard to 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

In 2021, the average power tool export price amounted to less than $X per unit, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 36%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to the United Arab Emirates ($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 Turkey (+67.4%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Iran

In 2021, after two years of growth, there was decline in supplies from abroad of power tools, when their volume decreased by -1.4% to X units. In general, imports, however, saw a measured increase. The pace of growth appeared the most rapid in 2019 with an increase of 335% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, power tool imports rose notably to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 89%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of power tool to Iran, accounting for a 138% share of total imports. It was followed by the United Arab Emirates (X units), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.0%.

In value terms, China ($X) constituted the largest supplier of power tools to Iran, comprising 92% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +4.1%.

Import Prices by Country

The average power tool import price stood at $X per unit in 2021, with an increase of 8.5% against the previous year. Overall, the import price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 79%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-3.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for power tools in the world?

The countries with the highest volumes of power tool consumption in 2020 were China, United States and Russia, together comprising 47% of global consumption. Japan, Germany, France, the UK, Mexico, Canada, Brazil, Thailand, Australia and Italy lagged somewhat behind, together comprising a further 27%.

What are the largest producers of power tools in the world?

China remains the largest power tool producing country worldwide, comprising approx. 76% of total volume. Moreover, power tool production in China exceeded the figures recorded by the second-largest producer, Mexico, more than tenfold. The third position in this ranking was occupied by Russia, with a 3.6% share.

What are the leading suppliers of power tools to Iran?

In value terms, China constituted the largest supplier of power tool to Iran.

What are the leading importers of power tools from Iran?

In value terms, Sri Lanka emerged as the key foreign market for power tool exports from Iran, comprising 56% of total exports. The second position in the ranking was occupied by Azerbaijan, with a 14% share of total exports. It was followed by Turkey, with a 7.7% share.

What is the average export price for power tools in Iran?

In 2020, the average power tool export price amounted to $108 per unit, increasing by 1.5% against the previous year.

What is the average import price for power tools in Iran?

In 2020, the average power tool import price amounted to $16 per unit, dropping by -3.1% against the previous year.

This report provides an in-depth analysis of the power tool market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
Prodcom 28241123 - Electromechanical chainsaws
Prodcom 28241125 - Electromechanical circular saws
Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
Prodcom 28241133 -
Prodcom 28241135 -
Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
Prodcom 28241190 -

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023