Price for Tractors; (Other than Tractors of Heading No 8709) in Iran - 2022

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Iran (CIF) - 2022
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Iran (FOB) - 2022
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Iran
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Iran

Price for Tractors; (Other than Tractors of Heading No 8709) in Iran (CIF) - 2022

In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $31,938 per unit, shrinking by -27.5% against the previous year. In general, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 90%. The import price peaked at $49,307 per unit in 2014; however, from 2015 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 France ($79,514 per unit), while the price for India ($5,473 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tractors; (Other than Tractors of Heading No 8709) in Iran (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $13,111 per unit, with a decrease of -36.7% against the previous year. In general, the export price faced a abrupt decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by 108% against the previous year. Over the period under review, the average export prices attained the maximum at $72,295 per unit in 2018; however, from 2019 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 Azerbaijan ($32,603 per unit), while the average price for exports to Tajikistan ($8,710 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 the Netherlands (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tractors; (Other than Tractors of Heading No 8709) in Iran

In 2022, imports of tractors; (other than tractors of heading no 8709)s into Iran shrank significantly to 1.2K units, waning by -35.8% compared with the previous year. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 295%. As a result, imports reached the peak of 1.9K units, and then fell dramatically in the following year.

In value terms, imports of tractors; (other than tractors of heading no 8709)s fell dramatically to $38M in 2022. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 406% against the previous year. As a result, imports attained the peak of $82M, and then fell notably in the following year.

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Iran in 2022:

1. China (365.0 units)
2. Germany (221.0 units)
3. Turkey (205.0 units)
4. Bulgaria (158.0 units)
5. Oman (104.0 units)
6. Austria (87.0 units)
7. Netherlands (8.0 units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in Iran

In 2022, approx. 408 units of tractors; (other than tractors of heading no 8709)s were exported from Iran; reducing by -53.6% compared with 2021. Over the period under review, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 3,726% against the previous year. As a result, the exports reached the peak of 880 units, and then dropped markedly in the following year.

In value terms, exports of tractors; (other than tractors of heading no 8709)s fell notably to $5.3M in 2022. Overall, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 3,137%. Over the period under review, the exports of reached the maximum at $19M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Iran in 2022:

1. Oman (175.0 units)
2. Tajikistan (161.0 units)
3. Turkey (54.0 units)
4. Azerbaijan (8.0 units)

Source: IndexBox Market Intelligence Platform