In 2021, the Iranian market for pulley tackle and hoists powered by an electric motor decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a deep setback. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.
After eight years of decline, overseas shipments of electric motor-driven pulley blocks and hoists increased by X% to X units in 2021. However, exports continued to decline significantly during the period under review. In 2012, exports peaked at X units; however, exports remained low from 2013 to 2021.
In terms of value, in 2021, the export of electric pulley blocks and cranes dropped slightly to X dollars. Overall, however, exports have fallen sharply. The growth rate was most notable in 2019, with an increase of X% compared to the previous year. In 2012, exports peaked at $X; however, exports remained low from 2013 to 2021.
Kuwait (X units) is the main export destination of Iranian motor-driven pulley blocks and cranes, accounting for X% of total exports. In addition, exports of electric pulley blocks and cranes to Kuwait more than tripled the volume to the second major destination, Iraq (unit X). Tajikistan (X units) ranks third in total exports with a share of X%.
From 2012 to 2021, Kuwait has an average annual growth rate of +X%. The average annual growth rate of exports to other major destinations is as follows: Iraq (-X% per year) and Tajikistan (+X% per year).
In terms of value, Armenia (USD X) remains the main foreign market for electric motor driven pulley blocks and cranes exported by Iran, accounting for X% of total exports. In second place is Australia ($X), with X% of total exports. It is followed by Kuwait with a share of X%. Between 2012 and 2021, Armenia will achieve an average annual value growth rate of +X%. The average annual growth rate of exports to other major destinations is as follows: Australia (X% per year) and Kuwait (-X% per year).
In 2021, the number of electric pulley blocks and cranes imported by Iran will be X units, a year-on-year decrease of -X%. Overall, imports fell sharply. The most notable growth rate was in 2016, when imports increased by X%. In 2012, imports peaked at X units; however, from 2013 to 2021, imports failed to regain momentum.
In terms of value, in 2021, imports of pulley blocks and cranes driven by electric motors fell to X dollars. Imports continued to show a marked decline during the period under review. The growth rate was most pronounced in 2014, with an increase of X% compared to the previous year. As a result, imports peaked at $X. From 2015 to 2021, the import growth rate will remain at a low level.
Taiwan (China) (X units), United Arab Emirates (X units, Bulgaria) (X units) are the main suppliers of electric pulley blocks and cranes imported to Iran, together accounting for X% of the total imports. This is followed by China, Germany, South Korea, Turkey and France, the four countries adding an additional X in purchases between 2012 and 2021, led by Turkey (+X% CAGR), Buying by other leaders showed a mixed trend.
China ($X), Bulgaria ($X), and Turkey ($X, powered by an electric motor supplier to Iran) are the largest pulley blocks and cranes by value, together accounting for X% of total imports. Described in this report During the period, Turkey recorded the highest growth rate of import value among major suppliers at a CAGR of +X%, while procurement from other countries showed a mixed trend.
In value terms, China, Bulgaria and Turkey appeared to be the largest pulley tackle and hoists powered by an electric motor suppliers to Iran, with a combined 67% share of total imports.
In value terms, Armenia remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Iran, comprising 58% of total exports. The second position in the ranking was held by Australia, with a 15% share of total exports. It was followed by Kuwait, with an 11% share.
In 2021, the average export price for pulley tackle and hoists powered by an electric motor amounted to $136 per unit, dropping by -4.8% against the previous year.
In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $65 per unit, remaining relatively unchanged against the previous year.
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