Iran: Tractor Market 2025

Tractor Market Size in Iran

The Iranian tractor market dropped to $X in 2022, falling by -2.1% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Tractor consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Tractor Production in Iran

In value terms, tractor production dropped modestly to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.3% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 51% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Tractor Exports

Exports from Iran

In 2022, shipments abroad of tractors increased by 8.9% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a precipitous setback. The most prominent rate of growth was recorded in 2016 when exports increased by 106% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tractor exports skyrocketed to $X in 2022. Overall, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of 302%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X units), Iraq (X units) and Sudan (X units) were the main destinations of tractor exports from Iran, together accounting for 38% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +36.5%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) remains the key foreign market for tractors exports from Iran, comprising 35% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a 5.1% share of total exports. It was followed by Turkey, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to Iraq stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-20.5% per year) and Turkey (+29.0% per year).

Export Prices by Country

The average tractor export price stood at $X per unit in 2022, with an increase of 21% against the previous year. Overall, the export price showed significant growth. The most prominent rate of growth was recorded in 2020 an increase of 144%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

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 Iraq ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+51.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tractor Imports

Imports into Iran

Tractor imports into Iran contracted to X units in 2022, dropping by -1.8% compared with 2021 figures. Overall, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 670% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, tractor imports declined notably to $X in 2022. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 649% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Thailand (X units) were the main suppliers of tractor imports to Iran, together accounting for 47% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +35.3%), while imports for the other leaders experienced a decline.

In value terms, Sweden ($X) constituted the largest supplier of tractors to Iran, comprising 22% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.4% share of total imports. It was followed by China, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value from Sweden amounted to -11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-2.8% per year) and China (-28.9% per year).

Import Prices by Country

The average tractor import price stood at $X per unit in 2022, shrinking by -41.3% against the previous year. In general, the import price, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 205%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then contracted notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+42.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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