Home appliance prices hike in Iran due to import ban
Tehran, Iran, Jan. 2
The prices of home appliances have grown due to rise in foreign currency in Iran, leading to a reduction in home appliances at the market.
“The rise of foreign currency, implementation of the US sanctions and the ban on home appliance imports have caused a crisis at the home appliances market,” Head of Iran’s Home Appliances Association Mohammad Tahan-Pour told Trend.
“The ban on home appliance imports has led to scarcity of these items at the market, while the demand is more than the supply,” he said.
“Iran prohibited the imports of home appliances in June. Therefore, the imports of home appliance parts were also banned creating problems for domestic producers,” he added.
Tahan-Pour noted that the rise in raw material prices also led to price hikes.
“When the prices of steel, aluminum, copper and petrochemical materials increase, the process of domestic production gets more expensive,” he added.