Iran: Industrial Bakery Machinery Market 2022

Industrial Bakery Machinery Market Size in Iran

In 2021, the Iranian industrial bakery machinery market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Industrial Bakery Machinery Exports

Exports from Iran

In 2021, overseas shipments of industrial bakery machinery increased by X% to X units, rising for the third consecutive year after two years of decline. In general, exports showed resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, industrial bakery machinery exports reached $X in 2021. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Armenia (X units), the UK (X units) and Germany (X units) were the main destinations of industrial bakery machinery exports from Iran, together comprising X% of total exports.

From 2012 to 2021, the biggest increases were in Armenia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Armenia ($X), Indonesia ($X) and Romania ($X) constituted the largest markets for industrial bakery machinery exported from Iran worldwide, together accounting for X% of total exports.

Among the main countries of destination, Armenia, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average industrial bakery machinery export price amounted to $X per unit, which is down by less than X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($X per unit), while the average price for exports to the UK ($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 Romania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Bakery Machinery Imports

Imports into Iran

In 2021, supplies from abroad of industrial bakery machinery was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a deep downturn. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial bakery machinery imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest industrial bakery machinery supplier to Iran, with a X% share of total imports. Moreover, industrial bakery machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Germany (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of industrial bakery machinery to Iran, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Turkey (+X% per year).

Import Prices by Country

The average industrial bakery machinery import price stood at $X per unit in 2021, with a decrease of less than X% against the previous year. Overall, the import price saw a mild curtailment. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per unit), while the price for Turkey ($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 (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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