Iran: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Iran

The Iranian machine-tool for drilling market shrank rapidly to $X in 2022, declining 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). In general, consumption recorded a abrupt downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Machine-Tool For Drilling Exports

Exports from Iran

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were exported from Iran; with an increase of X% on 2021 figures. Over the period under review, exports posted a resilient expansion. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, machine-tool for drilling exports soared to $X in 2022. Overall, exports recorded strong growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X units), Austria (X units) and Armenia (X units) were the main destinations of machine-tool for drilling exports from Iran, together comprising X% of total exports. Germany, Canada, Australia and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for drilling exported from Iran were Germany ($X), Austria ($X) and Canada ($X), with a combined X% share of total exports. Australia, Switzerland, Armenia and Turkey lagged somewhat behind, together accounting for a further X%.

Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

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Machine-Tool For Drilling Imports

Imports into Iran

Machine-tool for drilling imports into Iran contracted markedly to X units in 2022, falling by X% on the previous year. Overall, imports recorded a noticeable descent. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, machine-tool for drilling imports contracted to $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to Iran, accounting for a X% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by South Korea (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for drilling, boring or milling metal to Iran, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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