Iran: Radiator Market 2025

Radiator Market Size in Iran

The Iranian radiator market totaled $X in 2022, approximately equating the previous year. Over the period under review, consumption continues to indicate a pronounced reduction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Radiator Production in Iran

In value terms, radiator production amounted to $X in 2022 estimated in export price. Overall, production saw a perceptible downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 23% against the previous year. Radiator production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Radiator Exports

Exports from Iran

In 2022, the amount of radiators for central heating (not electrically heated) exported from Iran reduced notably to X tons, waning by -33.6% on the year before. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 231%. The exports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, radiator exports declined remarkably to $X in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 132%. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Georgia (X tons) was the main destination for radiator exports from Iran, accounting for a 42% share of total exports. Moreover, radiator exports to Georgia exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Armenia (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia stood at +130.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-1.5% per year) and Armenia (+51.1% per year).

In value terms, Georgia ($X) emerged as the key foreign market for radiators for central heating (not electrically heated) exports from Iran, comprising 44% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 13% share of total exports. It was followed by Armenia, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia amounted to +123.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-18.2% per year) and Armenia (+36.2% per year).

Export Prices by Country

In 2022, the average radiator export price amounted to $X per ton, rising by 7.7% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 148% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+13.9%), while the prices for the other major destinations experienced a decline.

Radiator Imports

Imports into Iran

In 2022, the amount of radiators for central heating (not electrically heated) imported into Iran rose notably to X tons, with an increase of 9.3% on the previous year. Over the period under review, imports, however, showed a precipitous slump. The pace of growth was the most pronounced in 2019 when imports increased by 1,739%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, radiator imports expanded to $X in 2022. Overall, imports, however, faced a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 1,411%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest radiator supplier to Iran, with a 81% share of total imports. Moreover, radiator imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled -21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.1% per year) and Armenia (-7.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of radiators for central heating (not electrically heated) to Iran, comprising 75% of total imports. The second position in the ranking was held by Armenia ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at -19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Armenia (+21.1% per year) and China (-4.3% per year).

Import Prices by Country

In 2022, the average radiator import price amounted to $X per ton, declining by -4.5% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 42%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+30.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :