Economy, Domestic Economy
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Tough Times Ahead for Home Appliance Market

The prices of home appliance’s raw materials, including steel, petrochemicals, plastic, aluminum and copper, have increased by as much as 100% since March 21.The prices of home appliance’s raw materials, including steel, petrochemicals, plastic, aluminum and copper, have increased by as much as 100% since March 21.

The fear of raw material shortage has led producers of home appliances to scale down their output, the head of Iran’s Home Appliances Association said.
Mohammad Tahanpour was elaborating on the recent price hikes and shortages in the domestic home appliance market. 
“Shopkeepers are not to blame for the lack of household appliances; the capital possessed by them is limited so they cannot hoard goods. The rise in the prices of raw materials on the one hand and hurdles in the way of imports on the other have led to a supply shortage,” he said.  
Mohammad Reza Diani, chairman of the Association of Producers of Home Appliances, told IRNA that prices did not go up overnight, but were kept unchanged ever since the fiscal 2016-17.  

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