Iran: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2024

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in Iran

The Iranian market for electrical boards, panels, consoles, desks and cabinets dropped slightly to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Electric board, desk and panel consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in Iran

In value terms, electric board, desk and panel production contracted to $X in 2023 estimated in export price. In general, production, however, saw a slight descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Electric board, desk and panel production peaked at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports from Iran

In 2023, the amount of electrical boards, panels, consoles, desks and cabinets exported from Iran surged to X units, picking up by X% against the year before. In general, exports showed modest growth. The exports peaked at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, electric board, desk and panel exports surged to $X in 2023. Over the period under review, exports, however, saw a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for electric board, desk and panel exports from Iran, accounting for a X% share of total exports. Moreover, electric board, desk and panel exports to the Czech Republic exceeded the volume sent to the second major destination, the UK (X units), sixfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Turkey (X% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for electrical boards, panels, consoles, desks and cabinets exports from Iran, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to the Czech Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Turkey (X% per year).

Export Prices by Country

The average export price for electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2023, flattening at the previous year. Over the period under review, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports into Iran

Electric board, desk and panel imports into Iran dropped significantly to X units in 2023, which is down by X% on 2022 figures. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X units. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, electric board, desk and panel imports dropped to $X in 2023. Over the period under review, imports saw a abrupt slump. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, China (X units) constituted the largest electric board, desk and panel supplier to Iran, accounting for a X% share of total imports. Moreover, electric board, desk and panel imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Portugal (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical boards, panels, consoles, desks and cabinets to Iran, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with an X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Portugal (X% per year).

Import Prices by Country

The average import price for electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2023, jumping by X% against the previous year. In general, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform