After three years of decline, the Iranian lifting equipment market grows X% to X dollars in 2021. Overall, consumption expanded moderately. Lifting equipment consumption peaked at $X in 2017; however, from 2018 to 2021, consumption is at a lower level.
Iran’s lifting equipment export scale
After two years of growth, overseas shipments of lifting equipment fell -X% to X units in 2021. During the period under review, exports declined significantly. The most significant growth rate occurred in 2019, when exports increased by X% over the previous year. Exports peaked at X units in 2012; however, from 2013 to 2021, exports remain low.
In value terms, hoisting equipment exports contracted significantly to $X in 2021. But overall, exports rose slightly. The most significant growth rate occurred in 2019, when exports increased by X%. Exports peaked at $X in 2020, then declined significantly the following year.
Turkey (X units) is the main destination for Iranian lifting equipment exports, accounting for about X% of total exports.
From 2012 to 2021, the average annual growth rate of exports to Turkey totals -X%.
Turkey (X USD) remains the main foreign market for Iranian lifting equipment exports in value terms.
From 2012 to 2021, the average annual growth in value to Turkey totals +X%.
Import scale of lifting equipment in Iran
After three years of decline, foreign supply of lifting equipment increased by X% to X units in 2021. Overall, imports continued to show marked growth. The fastest growth was recorded in 2017, with imports increasing by X%. As a result, imports peaked at X units. Import growth will remain low between 2018 and 2021.
Lifting equipment imports jumped to $X in 2021 in value terms. However, imports contracted suddenly during the review period. The fastest growth in 2016 was X%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remain low.
In 2021, France (X units) is the largest supplier of lifting equipment to Iran, accounting for X% of total imports. In addition, the import of lifting equipment from France was ten times higher than the number recorded by the second largest supplier, the United Arab Emirates (X units). Italy (X units) ranks third in total imports with a share of X%.
From 2012 to 2021, the average annual growth rate of sales in France totals +X%. The average annual growth rates of imports for the remaining suppliers are as follows: United Arab Emirates (+X% per annum) and Italy (+X% per annum).
France ($X) is Iran’s largest supplier of lifting equipment by value, accounting for X% of total imports. In second place is Italy ($X) with X% of total imports. It is followed by the United Arab Emirates with an X% share.
From 2012 to 2021, the average annual value growth in France is -X%. The average annual growth rates of imports by the remaining suppliers are as follows: Italy (-X% per annum) and the United Arab Emirates (-X% per annum).
Statistics of various crane suppliers in Iran
France is Iran’s largest supplier of lifting equipment by value, accounting for 71% of total imports. In second place is Italy, with 12% of total imports. It is followed by the United Arab Emirates with an 11% share.
In terms of value, Turkey remains the main foreign market for Iranian lifting equipment exports.
The average export price of hoisting equipment in 2021 is $4,264 per unit, down -2.1% from the previous year.
The average import price of hoisting equipment in 2021 will be US$1,213 per unit, a year-on-year increase of 22%.
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