Iran: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Iran

In 2021, the Iranian steam blasting machine market increased by 22% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a deep downturn. Steam blasting machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Steam Blasting Machine Exports

Exports from Iran

In 2021, overseas shipments of steam or sand blasting machines and similar jet-projecting machines decreased by -39.6% to X units, falling for the second consecutive year after three years of growth. In general, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 162% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, steam blasting machine exports contracted sharply to $X in 2021. Overall, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 212% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X units) was the main destination for steam blasting machine exports from Iran, with a 84% share of total exports. Moreover, steam blasting machine exports to Azerbaijan exceeded the volume sent to the second major destination, Tajikistan (X units), sevenfold. Oman (X units) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume to Azerbaijan amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+15.0% per year) and Oman (-45.0% per year).

In value terms, Azerbaijan ($X) emerged as the key foreign market for steam or sand blasting machines and similar jet-projecting machines exports from Iran, comprising 59% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 22% share of total exports. It was followed by Armenia, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Azerbaijan stood at -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+17.4% per year) and Armenia (+9.2% per year).

Export Prices by Country

The average steam blasting machine export price stood at $X per unit in 2021, dropping by -35.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 122% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per unit), while the average price for exports to Azerbaijan ($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 Oman (+44.7%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into Iran

In 2021, purchases abroad of steam or sand blasting machines and similar jet-projecting machines increased by 23% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 108%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, steam blasting machine imports soared to $X in 2021. Overall, imports, however, recorded a deep downturn. The growth pace was the most rapid in 2017 when imports increased by 44% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Turkey (X units) and Germany (X units) were the main suppliers of steam blasting machine imports to Iran, together comprising 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +13.5%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to Iran, comprising 51% of total imports. The second position in the ranking was held by Turkey ($X), with a 22% share of total imports. It was followed by Germany, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+0.4% per year) and Germany (-7.8% per year).

Import Prices by Country

In 2021, the average steam blasting machine import price amounted to $X per unit, which is down by -3.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 85%. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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