Economy, Domestic Economy
0

Rise in Iran's Home Appliance Production

Rise in Iran's Home Appliance ProductionRise in Iran's Home Appliance Production

A recent report released by the Ministry of Industries, Mining and Trade shows domestic production of home appliances witnessed an increase in the 11 months to January 2017, compared with the previous year's corresponding period.

During the period under review, production of flat TVs rose by 9.9%, refrigerators and freezers by 21.7%, washing machines by 61.5% and evaporative coolers by 5.4% year-on-year, IRNA reported.

The home appliance market in Iran is worth 200 trillion rials (over $5.33 billion). Domestic production accounts for only a quarter of this sum and the rest is dominated by foreign brands, the Association of Household Appliances Industries of Iran said.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com