Iran: Vapour Power Unit Market 2023

Vapour Power Unit Market Size in Iran

The Iranian vapour power unit market contracted markedly to $X in 2021, which is down by -21.9% 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 faced a drastic downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Vapour Power Unit Exports

Exports from Iran

In 2021, shipments abroad of condensers for steam or other vapour power units increased by 34% to X kg, rising for the fourth consecutive year after three years of decline. In general, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 53%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, vapour power unit exports skyrocketed to $X in 2021. Overall, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 57%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Iraq (X kg) and Georgia (X kg) were the main destinations of vapour power unit exports from Iran.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of 0.0%).

In value terms, Iraq ($X) remains the key foreign market for vapour power unit exports from Iran, comprising 76% of total exports. The second position in the ranking was taken by Georgia ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Iraq totaled -17.0%.

Export Prices by Country

The average vapour power unit export price stood at $X per ton in 2021, surging by 9.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 41%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Iraq ($X per ton), while the average price for exports to Georgia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+2.9%).

Vapour Power Unit Imports

Imports into Iran

In 2021, approx. X tons of condensers for steam or other vapour power units were imported into Iran; waning by -20.3% compared with the previous year. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 798% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, vapour power unit imports declined rapidly to $X in 2021. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of 754% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and India (X tons) were the main suppliers of vapour power unit imports to Iran, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of -2.6%), while imports for the other leaders experienced a decline.

In value terms, the largest vapour power unit suppliers to Iran were Germany ($X), China ($X) and Italy ($X), with a combined 96% share of total imports.

China, with a CAGR of +0.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average vapour power unit import price amounted to $X per ton, shrinking by -3.1% against the previous year. Overall, the import price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 47% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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