Iran: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Iran

After two years of growth, the Iranian trailer and semi-trailer market decreased by X% to $X in 2023. Over the period under review, consumption, however, enjoyed a prominent increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Trailer And Semi-Trailer Production in Iran

In value terms, trailer and semi-trailer production stood at less than $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern.

Trailer And Semi-Trailer Exports

Exports from Iran

In 2023, the amount of cargo trailers and semi-trailers exported from Iran reduced modestly to X units, flattening at the year before. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, trailer and semi-trailer exports expanded modestly to $X in 2023. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Iraq (X units) was the main destination for trailer and semi-trailer exports from Iran, accounting for a X% share of total exports. Moreover, trailer and semi-trailer exports to Iraq exceeded the volume sent to the second major destination, Russia (X units), threefold. Georgia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Georgia (X% per year).

In value terms, the largest markets for trailer and semi-trailer exported from Iran were Iraq ($X), Russia ($X) and Afghanistan ($X), together accounting for X% of total exports.

Russia, with a CAGR of X%, 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

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Russia ($X per unit), while the average price for exports to Turkmenistan ($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 Armenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Iran

In 2023, approx. X units of cargo trailers and semi-trailers were imported into Iran; which is down by X% against 2022. Overall, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped dramatically in the following year.

In value terms, trailer and semi-trailer imports dropped markedly to $X in 2023. In general, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then fell sharply in the following year.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest supplier of trailer and semi-trailer to Iran, accounting for a X% share of total imports. Moreover, trailer and semi-trailer imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Bulgaria (X units), threefold. Turkey (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Turkey (X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Turkey ($X) appeared to be the largest trailer and semi-trailer suppliers to Iran, with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average trailer and semi-trailer import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform