Agriculture - Iran

Iran

Gross production value in Agriculture market is projected to amount to €86.66bn in 2024. An annual growth rate of 9.46% is expected (CAGR 2024-2028), resulting in gross production value of €124.40bn in 2028.
The import value in Agriculture market is projected to amount to €11,580.0m in 2024. An annual growth rate of 5.98% is expected (CAGR 2024–2028).
The export value in Agriculture market is projected to amount to €310.4m in 2024. An annual growth rate of -19.45% is expected (CAGR 2024–2028).

Key regions: United States, Brazil, Germany, Italy, Spain

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Analyst Opinion

Iran, a country located in the Middle East, has a rich history in agriculture, dating back to ancient times. Today, the agriculture market in Iran continues to play a vital role in the country's economy, providing employment opportunities and contributing to the country's food security.

Customer preferences: Iranians have a strong preference for locally grown and organic produce. This has led to an increase in demand for organic farming practices and a shift towards more sustainable agriculture. Consumers are also increasingly interested in the nutritional value and quality of their food, leading to a greater focus on producing high-quality crops.

Trends in the market: One of the major trends in the agriculture market in Iran is the shift towards modern farming techniques. This includes the adoption of new technologies such as precision agriculture, which allows farmers to optimize their crop yields and reduce waste. There has also been an increase in greenhouse farming, which allows for year-round production of crops and can help mitigate the effects of drought and other weather-related challenges.Another trend in the market is the government's focus on increasing agricultural exports. Iran has a diverse range of agricultural products, including fruits, vegetables, and nuts, which are in high demand in international markets. The government has implemented policies to support farmers and increase production to meet this demand.

Local special circumstances: Iran faces a number of challenges in its agriculture market, including water scarcity, drought, and limited access to modern farming technology. These challenges have led to a focus on developing drought-resistant crops and improving irrigation systems. In addition, sanctions imposed on Iran have limited the country's access to international markets and technology, making it difficult for farmers to compete globally.

Underlying macroeconomic factors: Iran's agriculture market is heavily influenced by government policies and subsidies. The government provides support to farmers in the form of loans, price guarantees, and other incentives. In addition, the country's oil-based economy has led to fluctuations in the agriculture market, as changes in oil prices can impact the availability of funding for agriculture projects.Overall, the agriculture market in Iran is developing in response to changing consumer preferences and a focus on increasing exports. While the country faces a number of challenges, including water scarcity and limited access to technology, there is a growing interest in modern farming techniques and sustainable agriculture practices.

Methodology

Data coverage:

The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.