Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iran - 2022

Contents:

  1. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iran (FOB) - 2022
  2. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iran (CIF) - 2022
  3. Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iran
  4. Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iran

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iran (FOB) - 2022

The average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $7,152 per unit in 2022, dropping by -21.7% against the previous year. In general, the export price, however, recorded prominent growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 477% against the previous year. Over the period under review, the average export prices hit record highs at $9,191 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($9,920 per unit), while the average price for exports to Canada ($36 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 Armenia (+84.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iran (CIF) - 2022

The average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $1,005 per unit in 2022, which is down by -38.8% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of 45% against the previous year. As a result, import price reached the peak level of $3,836 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2,846 per unit), while the price for Austria ($133 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.9%), while the prices for the other major suppliers experienced a decline.

Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iran

In 2022, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs from Iran reduced to 42 units, which is down by -8.7% against the year before. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 2.2%. Over the period under review, the exports of attained the peak figure at 70 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs declined significantly to $300K in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year. Over the period under review, the exports of reached the maximum at $585K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iraq472319361248-19.3%
Armenia0.60.129.537.9298.3%
Afghanistan22.80.93.05.8-36.6%
Kazakhstan8.89.08.85.6-14.0%
United Arab Emirates0.21.32.41.595.7%
Azerbaijan0.111.11.30.681.7%
Georgia0.60.50.40.3-20.6%
Turkmenistan0.30.30.30.2-12.6%
Turkey0.40.30.30.1-37.0%
Oman64.015.50.80.1-88.4%
Kuwait0.20.20.10.1-20.6%
Uzbekistan9.6N/A10.1N/A2.6%
Canada0.50.30.1N/A-55.3%
Others4.9N/A2.3N/A-31.5%
Total585358420300-20.0%

Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Iran in 2022:

  1. Iraq (25.0 units)
  2. Armenia (7.0 units)
  3. Turkey (1.0 units)
  4. Afghanistan (1.0 units)
  5. Georgia (1.0 units)
  6. Turkmenistan (1.0 units)
  7. Canada (1.0 units)
  8. United Arab Emirates (1.0 units)
  9. Oman (1.0 units)
  10. Azerbaijan (1.0 units)
  11. Kuwait (1.0 units)
  12. Kazakhstan (1.0 units)

Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iran

In 2022, purchases abroad of weighing machines; having a maximum weighing capacity exceeding 5000kgs decreased by -30.6% to 75 units, falling for the second year in a row after two years of growth. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 71% against the previous year. As a result, imports attained the peak of 181 units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs contracted notably to $75K in 2022. Overall, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. As a result, imports reached the peak of $337K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom53.064.740.521.6-25.9%
South Korea51.754.429.413.5-36.1%
United Arab Emirates6.121.720.29.515.9%
Turkey15.918.612.15.7-29.0%
Poland4.77.25.75.55.4%
Taiwan (Chinese)16.718.410.45.0-33.1%
Finland1.912.57.94.331.3%
Australia4.15.23.31.8-24.0%
China48.310632.61.8-66.6%
Belgium6.31.40.90.5-57.0%
Austria14.66.71.60.1-81.0%
UgandaN/AN/A0.6N/A0%
Others71.520.612.26.1-56.0%
Total29533717775.3-36.6%

Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Iran in 2022:

  1. United Kingdom (25.0 units)
  2. South Korea (16.0 units)
  3. United Arab Emirates (11.0 units)
  4. Taiwan (Chinese) (6.0 units)
  5. Turkey (2.0 units)
  6. Australia (2.0 units)
  7. Poland (1.0 units)
  8. Finland (1.0 units)
  9. Austria (1.0 units)
  10. China (1.0 units)
  11. Belgium (1.0 units)

Source: IndexBox Market Intelligence Platform

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