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 about 300%.
Dominance of cooperation in the form of license (in passenger and commercial automobiles), lack of joint venture contracts in the industrial vehicle, against 14 case in the passenger vehicle Combination of License contracts: Passenger automobiles Source: Calculations primarily based on the data of ministry of business, mine and trade China ranks 1st as Iran’s most critical partner. It contributes to 36 percent license contracts in Iran with a local content ranging in between %. Korea has the owns second largest share in Iran’s international license contracts (26 percent) with the regional content ranging in between 14-87%.
Investigation And Markets Eyes Iran’s Auto Businessiran automotive industry report
iran automotive industry 2017Corona Teknik a Spanish primarily based organization, companion and member of Spanish automotive equipment and components makers (SERNAUTO) established to support the Iranian automotive industry like spare part marketplace. On June 3, 2013, President Obama signed a new executive order expanding U.S. extraterritorial sanctions on Iran to multinational corporations that engage in substantial economic or commercial transactions with the Iranian automotive sector. The move strengthens the new sector-based sanctions regime imposed under the Iran Freedom and Counter-Proliferation Act of 2012 (IFCA”), which targets business and industries that produce considerable revenues for the Iranian Government. Sectors already topic to these extraterritorial sanctions incorporate economic services, shipbuilding, and energy, among others.
In Might 2016, Brilliance Automotive signed a memorandum of strategic cooperation with Saipa to manufacture and sell 120,000 Brilliance cars in Iran amongst 2017 and 2019. It is a single … READ MORE ...