Iran: Canned Vegetable Market 2024

Canned Vegetable Market Size in Iran

The Iranian canned vegetable market declined slightly to $X in 2022, reducing by -1.8% against the previous year. In general, consumption, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2016 when the market value increased by 8.9% against the previous year. Canned vegetable consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Canned Vegetable Production in Iran

In value terms, canned vegetable production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a slight decline. The growth pace was the most rapid in 2016 with an increase of 18% against the previous year. Canned vegetable production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Canned Vegetable Exports

Exports from Iran

In 2022, overseas shipments of canned vegetables decreased by -4.8% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 57% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, canned vegetable exports stood at $X in 2022. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 41% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons) was the main destination for canned vegetable exports from Iran, accounting for a 18% share of total exports. Moreover, canned vegetable exports to Germany exceeded the volume sent to the second major destination, Canada (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+6.8% per year) and the UK (+8.0% per year).

In value terms, Germany ($X), the Netherlands ($X) and Canada ($X) appeared to be the largest markets for canned vegetable exported from Iran worldwide, together accounting for 31% of total exports. Australia, the UK, Sweden, Austria, Ukraine and North Macedonia lagged somewhat behind, together comprising a further 24%.

Ukraine, with a CAGR of +503.7%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 canned vegetable export price stood at $X per ton in 2022, surging by 14% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 30%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Australia ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Iran

In 2022, canned vegetable imports into Iran shrank rapidly to X tons, which is down by -15.6% compared with the year before. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 133%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, canned vegetable imports contracted to $X in 2022. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 137% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and India (X tons) were the main suppliers of canned vegetable imports to Iran, together comprising 53% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +1,990.0%), while imports for the other leaders experienced a decline.

In value terms, Turkey ($X) constituted the largest supplier of canned vegetables to Iran, comprising 37% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.0% per year) and India (+1,930.7% per year).

Import Prices by Country

The average canned vegetable import price stood at $X per ton in 2022, surging by 7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2016 an increase of 13%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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