Iran unveils home appliance sector performance
Baku, Azerbaijan, June 10
Iran manufactured 102.3 million of home appliances in the last fiscal year, ended March 20, 2018, Abbas Hashemi, an official with the Ministry of Industries, Mining and Trade, said.
Iran produced 900,000 washing machines in last fiscal year, meanwhile the manufacturing capacity was about 1.9 million, Hashemi said, Iran’s Mehr news agency reported June 10.
The country’s air conditioner output also stood at 800,000, significantly below the annual production capacity of 2.3 million, he added.
Meanwhile, Hamid Reza Ghaznavi, a spokesman of the Home Appliances Manufacturers Union, said that Iran’s annual refrigerator demand is 1.5 million, adding that demand for washing machine and TV stands at 1.4 million and 2 million per year, respectively.
He criticized administration, saying Iran’s refrigerator and washing machine production capacity is tow-time more than the domestic demand, but still 800,000 refrigerators are imported into the country annually.
Ghaznavi said that home appliances make 13 percent of total goods, smuggled into the country, without unveiling exact volume.
The yearly turnover of home appliances market in Iran reaches $8 billion. Domestic production accounts for 75 percent of this amount, according to Iranian officials.
Iran's total home appliances exports amounted to $183 million in the first nine months of the last Iranian fiscal year (ended March 20, 2018).