Iran: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Iran

The Iranian confectionery-making industrial machinery market soared to $X in 2022, rising by X% 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). Overall, consumption recorded a strong expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Confectionery-Making Industrial Machinery Exports

Exports from Iran

In 2022, approx. X units of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate were exported from Iran; increasing by X% against the previous year's figure. Overall, exports posted moderate growth. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, confectionery-making industrial machinery exports skyrocketed to $X in 2022. In general, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for confectionery-making industrial machinery exports from Iran, accounting for a X% share of total exports. Moreover, confectionery-making industrial machinery exports to Turkey exceeded the volume sent to the second major destination, Pakistan (X units), fourfold. Kazakhstan (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 Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Kazakhstan (X% per year).

In value terms, the largest markets for confectionery-making industrial machinery exported from Iran were Uzbekistan ($X), Pakistan ($X) and Turkey ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average confectionery-making industrial machinery export price amounted to $X per unit, declining by X% against the previous year. In general, the export price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Oman ($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 Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports into Iran

Confectionery-making industrial machinery imports into Iran surged to X units in 2022, growing by X% against 2021 figures. Overall, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports soared to $X in 2022. In general, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X units), Belgium (X units) and Italy (X units) were the main suppliers of confectionery-making industrial machinery imports to Iran, with a combined X% share of total imports.

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

In value terms, the largest confectionery-making industrial machinery suppliers to Iran were Italy ($X), Turkey ($X) and Belgium ($X), together accounting for X% of total imports. The UK, China, Germany and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average confectionery-making industrial machinery import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, confectionery-making industrial machinery import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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 the UK ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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