Iran: Relay Market 2024

Relay Market Size in Iran

The Iranian relay market dropped slightly 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, however, recorded prominent growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Relay Exports

Exports from Iran

In 2022, the amount of relays exported from Iran declined to X units, with a decrease of X% compared with 2021 figures. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, relay exports shrank to $X in 2022. Overall, exports faced a abrupt descent. 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 at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for relay exports from Iran, with a X% share of total exports. Moreover, relay exports to Russia exceeded the volume sent to the second major destination, Niger (X units), fourfold. Turkey (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Niger ($X) emerged as the key foreign market for relays exports from Iran, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Turkey, with an X% share.

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

Export Prices by Country

The average relay export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per unit), while the average price for exports to Iraq ($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 Niger (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Relay Imports

Imports into Iran

In 2022, approx. X units of relays were imported into Iran; with a decrease of X% on 2021. In general, total imports indicated a prominent increase from 2012 to 2022: its volume 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, imports decreased by X% against 2017 indices. The most prominent rate of growth was recorded 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 lower figure.

In value terms, relay imports contracted to $X in 2022. Overall, imports, however, continue to indicate notable growth. The pace of growth was the most pronounced in 2017 with an increase of 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, China (X units) constituted the largest relay supplier to Iran, with a X% share of total imports. Moreover, relay imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), ninefold. The third position in this ranking was taken by Italy (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of relays to Iran, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

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

Import Prices by Country

In 2022, the average relay import price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while the price for Free Zones (less than $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 mixed trend patterns.

Source: IndexBox Platform

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