Updated Oct 13, 2022 21:11

Frozen Fruit Market in Iran

Market Overview
In , the Iranian frozen fruit market was finally on the rise to reach $ for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a noticeable decline. Frozen fruit consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.

In value terms, frozen fruit production soared to $ in estimated in export price. In general, production, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of %. Over the period under review, production attained the maximum level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.


Consumption
In , the amount of frozen fruits consumed in Iran shrank modestly to tons, with a decrease of -% compared with figures. In general, consumption showed a slight curtailment. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption failed to regain momentum.

The value of the frozen fruit market in Iran dropped modestly to $ in , remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a perceptible decline. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for frozen fruit in Iran, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of frozen fruit in Iran were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for frozen fruit. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Iran imports of in the frozen fruit market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Iran remains a net exporter of frozen fruit; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.