Iran: Machinery For Packing Market 2024

Machinery For Packing Market Size in Iran

In 2022, the Iranian machinery for packing market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption showed strong growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Machinery For Packing Exports

Exports from Iran

In 2022, approx. X units of machinery for packing or wrapping were exported from Iran; surging by X% compared with 2021. Over the period under review, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, machinery for packing exports surged to $X in 2022. In general, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Tajikistan (X units) was the main destination for machinery for packing exports from Iran, accounting for a X% share of total exports. Moreover, machinery for packing exports to Tajikistan exceeded the volume sent to the second major destination, Azerbaijan (X units), threefold. The third position in this ranking was held by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Tajikistan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Turkey (X% per year).

In value terms, the largest markets for machinery for packing exported from Iran were Canada ($X), Turkey ($X) and Tajikistan ($X), together accounting for X% of total exports. Azerbaijan, Italy, Georgia, Oman, Armenia, the United Arab Emirates and Switzerland lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Switzerland, with a CAGR of X%, recorded 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

The average machinery for packing export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 Canada ($X per unit), while the average price for exports to Tajikistan ($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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into Iran

In 2022, supplies from abroad of machinery for packing or wrapping was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, machinery for packing imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machinery for packing supplier to Iran, accounting for a X% share of total imports. Moreover, machinery for packing imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

In value terms, Italy ($X) constituted the largest supplier of machinery for packing or wrapping to Iran, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

Import Prices by Country

The average machinery for packing import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, saw a deep reduction. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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