Iran: Mechano-Therapy Appliances Market 2024

Mechano-Therapy Appliances Market Size in Iran

The Iranian mechano-therapy appliances market rose notably to $X in 2022, surging 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, however, continues to indicate a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Mechano-Therapy Appliances Exports

Exports from Iran

In 2022, approx. X units of mechano-therapy appliances and massage apparatus were exported from Iran; growing by X% compared with 2021. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, mechano-therapy appliances exports contracted notably to $X in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Azerbaijan (X units) was the main destination for mechano-therapy appliances exports from Iran, with a X% share of total exports. Moreover, mechano-therapy appliances exports to Azerbaijan exceeded the volume sent to the second major destination, Iraq (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume to Azerbaijan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and the United Arab Emirates (X% per year).

In value terms, Iraq ($X), Azerbaijan ($X) and the United Arab Emirates ($X) appeared to be the largest markets for mechano-therapy appliances exported from Iran worldwide, with a combined X% share of total exports.

Azerbaijan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average mechano-therapy appliances export price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked at $X per unit in 2016; however, from 2017 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 Iraq ($X per unit), while the average price for exports to Azerbaijan ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

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Mechano-Therapy Appliances Imports

Imports into Iran

In 2022, after four years of decline, there was significant growth in overseas purchases of mechano-therapy appliances and massage apparatus, when their volume increased by X% to X units. Over the period under review, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mechano-therapy appliances imports totaled $X in 2022. Overall, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mechano-therapy appliances to Iran, with a X% share of total imports. Moreover, mechano-therapy appliances imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. Turkey (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest mechano-therapy appliances suppliers to Iran were Taiwan (Chinese) ($X), China ($X) and Turkey ($X), with a combined X% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of 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

The average mechano-therapy appliances import price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price, however, recorded prominent growth. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then dropped in the following year.

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

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

Source: IndexBox Platform

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