Iran: Market for Vacuum Cleaners With Motor 2022

Market Size for Vacuum Cleaners With Motor in Iran

The Iranian vacuum cleaner with motor market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, faced a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Vacuum Cleaners With Motor

Exports from Iran

In 2021, shipments abroad of vacuum cleaners with motor was finally on the rise to reach X kg after two years of decline. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,707% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, vacuum cleaner with motor exports surged to $X in 2021. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 819%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X kg), Armenia (X kg) and Pakistan (X kg) were the main destinations of vacuum cleaner with motor exports from Iran, together accounting for 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +39.0%), while the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Oman ($X) and Armenia ($X) were the largest markets for vacuum cleaner with motor exported from Iran worldwide, with a combined 93% share of total exports.

In terms of the main countries of destination, Armenia, with a CAGR of +31.4%, recorded the highest growth rate of 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 vacuum cleaner with motor export price stood at $X per ton in 2021, with an increase of 5.3% against the previous year. Overall, the export price showed temperate growth. The growth pace was the most rapid in 2019 when the average export price increased by 120%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vacuum Cleaners With Motor

Imports into Iran

In 2021, overseas purchases of vacuum cleaners with motor were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 63%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, vacuum cleaner with motor imports expanded sharply to $X in 2021. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 74%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest vacuum cleaner with motor supplier to Iran, accounting for a 62% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Oman (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+41.8% per year) and Oman (+69.6% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaner with motor to Iran, comprising 58% of total imports. The second position in the ranking was held by Turkey ($X), with a 20% share of total imports. It was followed by Germany, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+37.4% per year) and Germany (-11.5% per year).

Import Prices by Country

In 2021, the average vacuum cleaner with motor import price amounted to $X per ton, reducing by -10.3% against the previous year. In general, the import price showed a noticeable descent. The pace of growth appeared the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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