Iran: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Iran

The Iranian metal sawing machine market surged to $X in 2021, with an increase of 28% 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). Overall, consumption, however, recorded measured growth. Metal sawing machine consumption peaked at $X in 2015; afterwards, it flattened through to 2021.

Metal Sawing Machine Exports

Exports from Iran

In 2021, the amount of sawing or cutting-off machines for working metal exported from Iran expanded notably to X units, rising by 7.4% against 2020. In general, exports, however, recorded a significant curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 4,417%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal sawing machine exports reduced to $X in 2021. Over the period under review, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 3,105% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkmenistan (X units) was the main destination for metal sawing machine exports from Iran, with a 66% share of total exports. Moreover, metal sawing machine exports to Turkmenistan exceeded the volume sent to the second major destination, Qatar (X units), ninefold. Kyrgyzstan (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkmenistan amounted to +43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-3.1% per year) and Kyrgyzstan (0.0% per year).

In value terms, Turkmenistan ($X) remains the key foreign market for sawing or cutting-off machines for working metal exports from Iran, comprising 78% of total exports. The second position in the ranking was taken by Qatar ($X), with a 7.3% share of total exports. It was followed by Kyrgyzstan, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkmenistan totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-1.4% per year) and Kyrgyzstan (+0.2% per year).

Export Prices by Country

The average metal sawing machine export price stood at $X per unit in 2021, dropping by -13% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal sawing machine export price decreased by -42.3% against 2016 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 87%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Turkmenistan ($X per unit), while the average price for exports to Tajikistan ($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 Qatar (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Sawing Machine Imports

Imports into Iran

In 2021, imports of sawing or cutting-off machines for working metal into Iran declined slightly to X units, standing approx. at 2020 figures. Overall, imports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of 269%. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, metal sawing machine imports surged to $X in 2021. Over the period under review, imports, however, saw a strong expansion. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main metal sawing machine supplier to Iran, with a 94% share of total imports. It was followed by Turkey (X units), with a 3.1% share of total imports. Germany (X units) ranked third in terms of total imports with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+3.2% per year) and Germany (-6.2% per year).

In value terms, China ($X) constituted the largest supplier of sawing or cutting-off machines for working metal to Iran, comprising 55% of total imports. The second position in the ranking was held by Turkey ($X), with a 27% share of total imports. It was followed by the United Arab Emirates, with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.4% per year) and the United Arab Emirates (-31.7% per year).

Import Prices by Country

The average metal sawing machine import price stood at $X per unit in 2021, with an increase of 181% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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