Iran automotive market shareThe 5th Iran Automotive Industry International Conference (IAIIC) opened in Tehran on Tuesday in a ceremony attended by the Minister of Industry, Mine and Trade Mohammad Shariatmadari. Iran also looks at its automotive industry as an crucial sector for exporting its products to neighboring countries. In 2012 Iran exported 520 million USD worth of automobiles and automobile elements. The scenario for auto and element producers worsened in the following years, major to a diminishing export value by 2013 to 263 million USD. In 2014 Iran’s share of exporting automobiles and auto elements was announced to be at 243 million USD. There are numerous reasons for the drop, even so, experts concur that the essential causes are low good quality and at the identical time a higher price.
Currently the Iranian automobile import marketplace is ranked on 75th place worldwide, producing up for much less than a percent of the international automobile and component importing marketplace share. In 2010, its market place share was .2 percent with a total worth of 2.five billion USD. For the duration of 2011 the marketplace share did not adjust, nonetheless, the total worth of it improved to 2.9 billion USD. Financial sanctions were a large setback for Iran’s automotive industry, specifically at a time when the sector was ready for key expansion. Considering that the year 2012 the production output decreased by around 50% (from 1.four million to .7 million), while at the identical time the cost of automobiles increased radically by …Read More