Iran: Pump For Liquid Market 2024

Pump For Liquid Market Size in Iran

In 2021, the Iranian pump for liquid market increased by 30% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Pump For Liquid Exports

Exports from Iran

In 2021, overseas shipments of pumps for liquids and liquid elevators increased by 26% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a tangible expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 77% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pump for liquid exports surged to $X in 2021. In general, exports, however, recorded a pronounced decline. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for pump for liquid exports from Iran, accounting for a 56% share of total exports. Moreover, pump for liquid exports to Turkey exceeded the volume sent to the second major destination, Poland (X units), sixfold. Tajikistan (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at +78.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+162.9% per year) and Tajikistan (+142.1% per year).

In value terms, Senegal ($X), Turkey ($X) and Poland ($X) appeared to be the largest markets for pump for liquid exported from Iran worldwide, with a combined 64% share of total exports.

Poland, with a CAGR of +130.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, with an increase of 41% against the previous year. Overall, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 157%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to Uzbekistan ($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 Iraq (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Iran

Pump for liquid imports into Iran skyrocketed to X units in 2021, with an increase of 23% compared with the previous year. Overall, imports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 48% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, pump for liquid imports surged to $X in 2021. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 122% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest pump for liquid supplier to Iran, accounting for a 65% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. The third position in this ranking was held by the United Arab Emirates (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+23.9% per year) and the United Arab Emirates (-11.6% per year).

In value terms, China ($X) constituted the largest supplier of pumps for liquids and liquid elevators to Iran, comprising 48% of total imports. The second position in the ranking was held by Turkey ($X), with a 13% share of total imports. It was followed by South Korea, with a 6.3% share.

From 2012 to 2021, 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: Turkey (+11.6% per year) and South Korea (-15.9% per year).

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2021, growing by 30% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of 146%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, 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 South Korea ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform