Iran Home Appliance Market Worth $6 Billion Per Annum

Iran’s home appliance market is currently worth $6 billion per annum, 40% of which are dominated by contraband, according to the head of Iran’s Household Appliances Industry Union.
“Smuggled home appliances make up around $2.5 billion of the domestic market. The share of smaller items and kitchenware like cutlery, crockery and crystalware are higher, which has created difficulties for the producers of these products,” Alireza Mohammadi Daniali was quoted as saying by the news portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture.
Since past two years, he added, when the international producers of home appliances left Iran to avoid economic sanctions imposed on the country and their repercussions, local producers stepped in and filled the void.