Iran: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Iran

The Iranian transporter and bridge cranes market contracted markedly to $X in 2021, with a decrease of -57.4% 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). In general, consumption, however, posted resilient growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports from Iran

In 2021, exports of transporter cranes, gantry cranes and bridge cranes from Iran declined notably to X units, dropping by -71.5% on the previous year. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 208% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, transporter and bridge cranes exports declined markedly to $X in 2021. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 141% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Georgia (X units), Armenia (X units) and Afghanistan (X units) were the main destinations of transporter and bridge cranes exports from Iran, with a combined 95% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Georgia (with a CAGR of +32.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for transporter and bridge cranes exported from Iran were Georgia ($X), Armenia ($X) and Kuwait ($X), with a combined 86% share of total exports.

Georgia, with a CAGR of +39.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average transporter and bridge cranes export price stood at $X per unit in 2021, waning by -19.7% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of 27%. The export price peaked at $X per unit in 2014; however, from 2015 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 Kuwait ($X per unit), while the average price for exports to Georgia ($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 Kazakhstan (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports into Iran

In 2021, imports of transporter cranes, gantry cranes and bridge cranes into Iran declined remarkably to X units, reducing by -48.4% against the year before. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by 814% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, transporter and bridge cranes imports contracted dramatically to $X in 2021. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 1,149%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Kuwait (X units) constituted the largest supplier of transporter and bridge cranes to Iran, with a 45% share of total imports. Moreover, transporter and bridge cranes imports from Kuwait exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was held by Spain (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Kuwait totaled +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+31.1% per year) and Spain (+69.3% per year).

In value terms, the largest transporter and bridge cranes suppliers to Iran were Kuwait ($X), Spain ($X) and Austria ($X), together comprising 57% of total imports.

Among the main suppliers, Spain, with a CAGR of +64.5%, saw the highest growth rate of 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 transporter and bridge cranes import price stood at $X per unit in 2021, reducing by -23.1% against the previous year. Over the period under review, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 41%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Kuwait ($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 (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :