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2.9 MIDDLE EAST: Iran
2018/01/22
Sales total of RACs and PACs in Iran recorded 532,000 units in 2017, an increase of 4.8% from 2016. Smuggled air conditioners are common in the market.
 
In January 2016, the United States lifted sanctions on Iran. The foreign exchange rate fluctuated chaotically, and the Iranian government enacted policies to ease financing. Market demand is expected to recover to a more robust level in the future.
 
Iran is one Middle Eastern country with a large labor force. Local governments have enacted policies to attract foreign investment, foster domestic industrialization, encourage production, and promote economic development. In order to protect domestic industries, Iran may impose high tariffs on air conditioner imports in the near future.
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