...

Iran stationery market faces high prices

Business Materials 24 July 2019 11:37 (UTC +04:00)

Tehran, Iran, July 24

Trend:

Iran stationery market is facing recession due to fluctuation of foreign currency rate, while the rise of prices has effected consumers.

A producer of stationery items and a businessman Mohammad Hedayatian has discussed the issue in an interview with Trend.

"There are different stationery items of various brands in the market, and their prices vary greatly. The price of a colored pencil may cost from 50,000 rials to several million rials. For example, Faber Castel polychrome pencils with a special design, which are to be used for special occasions, are very expensive, so they are not for everyone," he added.

"The imported stationery items were brought in at the rate of 180,000 rial per one dollar. So, a 50-cent pen (about 90,000 rials) will not be sell by the price to be lower than 110,000 rials, as otherwise the suppliers will not make profits," he said answering the question of why the prices for stationery items are high despite the dollar rate fall.

"Previously, residents of provinces started to buy stationery items in advance, but currently, sales of them in provinces have decreased. The peak of stationery sale is from September 6 to October 6, but in recent years, the sales did not increase," he noted.

"This is caused not only by high prices, but also by the foreign currency fluctuation and drop of purchasing power," he added.

Head of Tehran Stationery Union Mousa Farzanian has recently announced that the rise of foreign currency rate led to increase of the prices in the stationery market and that the highest rise was observed in the prices for notebooks after the price of paper had significantly increased.

In his words, there is no shortage in the market at the moment, but by the start of the school year, there will be growing demand for cheap stationery items including notebooks. To meet the challenge, the production in this sphere shall increase, he noted.

Farzanian added that imports of some stationery items have dropped significantly. "Meanwhile, all the market needs in erasers and pencil sharpeners are provided by domestic supplies and the manufacturers promised to increase production before the school year," he said.

Tags:
Latest

Latest