Iran: Plough Market 2024

Plough Market Size in Iran

The Iranian plough market reduced to $X in 2022, waning by X% against the previous year. In general, consumption saw a pronounced contraction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Plough Production in Iran

In value terms, plough production declined to $X in 2022 estimated in export price. Overall, production, however, saw a mild decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Plough production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Plough Exports

Exports from Iran

In 2022, overseas shipments of ploughs for agricultural purposes increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, plough exports surged to $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Afghanistan (X units), Tajikistan (X units) and Turkmenistan (X units) were the main destinations of plough exports from Iran, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plough exported from Iran were Afghanistan ($X), Tajikistan ($X) and Turkmenistan ($X), with a combined X% share of total exports. Uzbekistan and Kyrgyzstan lagged somewhat behind, together comprising a further X%.

Kyrgyzstan, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

The average plough export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 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 remained at a lower figure.

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

Plough Imports

Imports into Iran

In 2022, overseas purchases of ploughs for agricultural purposes increased by X% to X units, rising for the third consecutive year after two years of decline. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, plough imports dropped slightly to $X in 2022. Overall, imports recorded pronounced growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest plough supplier to Iran, with a X% share of total imports. Moreover, plough imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. The third position in this ranking was held by Sweden (X units), with an X% share.

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

In value terms, the largest plough suppliers to Iran were the United Arab Emirates ($X), Turkey ($X) and Sweden ($X), together accounting for X% of total imports.

In terms of the main suppliers, Sweden, 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 plough import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :