Iran: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in Iran

In 2022, after two years of decline, there was significant growth in the Iranian refrigerator or freezer market, when its value increased by X% to $X. Over the period under review, consumption saw a abrupt setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Refrigerator Or Freezer Production in Iran

In value terms, refrigerator or freezer production reached $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Refrigerator Or Freezer Exports

Exports from Iran

Refrigerator or freezer exports from Iran surged to X units in 2022, jumping by X% on 2021 figures. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, refrigerator or freezer exports skyrocketed to $X in 2022. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for refrigerator or freezer exports from Iran, accounting for a X% share of total exports. Moreover, refrigerator or freezer exports to the United Arab Emirates exceeded the volume sent to the second major destination, Iraq (X units), threefold. The third position in this ranking was held by Azerbaijan (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Azerbaijan (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for furniture designed to receive refrigerating or freezing equipment exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Iraq ($X), with an X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Oman (X% per year).

Export Prices by Country

The average refrigerator or freezer export price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price, however, saw a deep downturn. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Azerbaijan ($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 Sudan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Refrigerator Or Freezer Imports

Imports into Iran

In 2022, purchases abroad of furniture designed to receive refrigerating or freezing equipment was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, refrigerator or freezer imports surged to $X in 2022. Overall, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X units), Turkey (X units) and the United Arab Emirates (X units) were the main suppliers of refrigerator or freezer imports to Iran, with a combined X% share of total imports. China, Italy, Germany and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerator or freezer suppliers to Iran were the United Arab Emirates ($X), Taiwan (Chinese) ($X) and Germany ($X), with a combined X% share of total imports.

Germany, with a CAGR of X%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2022, the average refrigerator or freezer import price amounted to $X per unit, declining by X% against the previous year. In general, the import price, however, enjoyed a modest expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then contracted 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 Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform