Iran: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Iran

After three years of growth, the Iranian market for pulley tackle and hoists powered by an electric motor decreased by -13.8% to $X in 2022. In general, consumption, however, continues to indicate temperate growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Iran

In 2022, the amount of pulley tackle and hoists powered by an electric motor exported from Iran was estimated at X units, therefore, remained relatively stable against the previous year. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 243% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor fell sharply to $X in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2017 with an increase of 927% against the previous year. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Iraq (X units), Armenia (X units) and Kuwait (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from Iran, together accounting for 64% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +11.6%), while the other leaders experienced more modest paces of growth.

In value terms, Armenia ($X) remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Iran, comprising 62% of total exports. The second position in the ranking was held by Kuwait ($X), with a 13% share of total exports. It was followed by Iraq, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Armenia amounted to +100.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+48.5% per year) and Iraq (+4.3% per year).

Export Prices by Country

The average export price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, which is down by -25.9% against the previous year. Over the period under review, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 200%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per unit), while the average price for exports to Tajikistan ($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 (+79.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Iran

In 2022, purchases abroad of pulley tackle and hoists powered by an electric motor decreased by -22.2% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 140%. Over the period under review, imports of hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pulley tackle and hoists powered by an electric motor amounted to $X in 2022. In general, imports, however, showed mild growth. The most prominent rate of growth was recorded in 2014 with an increase of 107% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Iran, accounting for a 76% share of total imports. Moreover, imports of pulley tackle and hoists powered by an electric motor from China exceeded the figures recorded by the second-largest supplier, Bulgaria (X units), ninefold. Turkey (X units) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+19.0% per year) and Turkey (+48.3% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Iran, comprising 31% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Turkey, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from Bulgaria stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.1% per year) and Turkey (+31.3% per year).

Import Prices by Country

The average import price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, rising by 33% against the previous year. Overall, the import price, however, recorded a abrupt decline. The growth pace was the most rapid in 2018 an increase of 50%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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