66% Share of Contraband in $3.3b Home Appliance Market

Iranian home appliance market had a turnover of $3.3 billion in the last fiscal year (March 2018-19), the head of Home Appliance Sellers and Producers Union said.
Morteza Miri added that contraband products accounted for $2.2 billion (66.66%) of the sum, Fars News Agency reported.
“Two out of three home appliances in the domestic market are contraband,” he said, citing data provided by the Headquarters to Combat Smuggling of Goods and Foreign Exchange.
He noted that efforts are underway to supplant contraband home appliances with domestic products to fulfill domestic demand.