Iran: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Iran

The Iranian remote control apparatus market contracted rapidly to $X in 2021, waning by -44.2% 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 showed a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Remote Control Apparatus Exports

Exports from Iran

In 2021, exports of radio remote control apparatus from Iran dropped to X kg, reducing by -14.1% on the previous year's figure. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 137% against the previous year. The exports peaked at X kg in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, remote control apparatus exports shrank significantly to $X in 2021. Over the period under review, exports showed a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 125%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lebanon (X kg) was the main destination for remote control apparatus exports from Iran, accounting for a 62% share of total exports. Moreover, remote control apparatus exports to Lebanon exceeded the volume sent to the second major destination, France (X kg), fourfold. The third position in this ranking was taken by Ukraine (X kg), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Lebanon amounted to +208.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-22.9% per year) and Ukraine (+8.0% per year).

In value terms, Lebanon ($X) emerged as the key foreign market for radio remote control apparatus exports from Iran, comprising 54% of total exports. The second position in the ranking was held by Ukraine ($X), with a 20% share of total exports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Lebanon amounted to +230.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+15.9% per year) and France (-26.2% per year).

Export Prices by Country

The average remote control apparatus export price stood at $X per ton in 2021, dropping by -13.2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 60%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.

Remote Control Apparatus Imports

Imports into Iran

In 2021, the amount of radio remote control apparatus imported into Iran fell significantly to X tons, which is down by -44.3% against the previous year. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 73%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, remote control apparatus imports dropped markedly to $X in 2021. Overall, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest remote control apparatus supplier to Iran, accounting for a 55% share of total imports. Moreover, remote control apparatus imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sixfold. The third position in this ranking was held by New Zealand (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-23.4% per year) and New Zealand (+66.1% per year).

In value terms, New Zealand ($X), China ($X) and Thailand ($X) were the largest remote control apparatus suppliers to Iran, with a combined 82% share of total imports.

Among the main suppliers, New Zealand, with a CAGR of +62.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average remote control apparatus import price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 64% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was New Zealand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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