Iran: Insulating Fittings Market 2024

Insulating Fittings Market Size in Iran

The Iranian insulating fittings market declined modestly to $X in 2022, with a decrease of 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). In general, consumption saw a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Insulating Fittings Exports

Exports from Iran

After two years of decline, overseas shipments of insulating fittings for electrical purposes increased by X% to X tons in 2022. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, insulating fittings exports rose sharply to $X in 2022. Overall, exports saw perceptible growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Iraq (X tons), Bulgaria (X kg) and Georgia (X kg) were the main destinations of insulating fittings exports from Iran, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Bulgaria ($X) remains the key foreign market for insulating fittings for electrical purposes exports from Iran, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Iraq, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bulgaria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Iraq (X% per year).

Export Prices by Country

In 2022, the average insulating fittings export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced mixed trend patterns.

Insulating Fittings Imports

Imports into Iran

In 2022, the amount of insulating fittings for electrical purposes imported into Iran fell to X tons, reducing by X% against the previous year. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, insulating fittings imports declined slightly to $X in 2022. Overall, imports saw a deep downturn. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and Germany (X tons) were the main suppliers of insulating fittings imports to Iran, together comprising X% of total imports. Hong Kong SAR, Poland, the United Arab Emirates, India and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest insulating fittings suppliers to Iran were China ($X), Turkey ($X) and Germany ($X), with a combined X% share of total imports. Hong Kong SAR, Poland, the United Arab Emirates, India and Italy lagged somewhat behind, together accounting for a further X%.

Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average insulating fittings import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated a pronounced 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, insulating fittings import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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