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EghtesadOnline: The Ministry of Industries, Mining and Trade's report for the first half of current Iranian year (March 20-Sept. 21) showed 17 industrial products (out of 28 under review) registered growth during the period compared with the corresponding period of the previous year.

A total of 2,500 tons of acrylic fiber were produced during the period, up by 229.3% year-on-year.

Television production stood at 590,500 sets to register a year-on-year increase of around 84%.

Production of washing machines rose by 54.5% to reach 454,100 machines.

A total of 267,000 combine harvesters were produced during the period under review, indicating a 41.3% YOY rise.

The production of pickup trucks totaled 39,521, up by 39.4% compared with the first six months of last year.

The output of refrigerators and freezers went up by 37.1% to reach 919,600.

More than 131,400 tons of auto tires were produced over the six months, indicating a 29.5% YOY growth.

Synthetic fiber production rose by 24.1% YOY to stand at 128,800 tons.

Production of passenger vehicles reached 414,300, up by 19% YOY.

Those of industrial and motor oil stood at 311,100 tons, up 16.9% YOY; particle boards at 400,200 cubic meters, up 16.5% YOY; carbon black at 67,600 tons, up 11.3% YOY; detergent powder at 319,700 tons, up 10.7% YOY; petrochemical products at 30.54 million tons, up 7.9% YOY; human medicine at 23.1 billion items, up 6.6% YOY; fibers at 667,300 cubic meters, up 6.3% YOY; and tractors amounted to 9,157, up 1% YOY.



Vegetable Oil Sees Sharpest Decline

Iranian manufacturing output saw a decline of 10 items in the seven months to Oct. 21; vegetable oil production recorded the sharpest drop with 20.2% from 1.02 million tons of last year’s seven-month period to 821,100 tons this year. 

The smallest decline in production was registered for footwear and shoes with 0.01%. 

A total of 697,500 evaporative coolers were manufactured during seven months to Oct. 21 compared with 851,200 of last year, indicating an 18.1% decrease. Leather production fell by 17.2% this year, from 25.6 million square feet of last year’s seven-month period to 21.2 million square feet this year.

Almost 85% of raw materials for producing cooking oil are imported.  

"The bulk of imports are palm oil from Malaysia and Indonesia, soybean oil from Argentina and sunflower oil from Ukraine and Russia.

Recently, the Central Bank of Iran’s failure to allocate foreign currency to import unprocessed oils caused disruptions in the domestic market.

“The Ministry of Industries, Mining and Trade has sent us to CBI. But the problem is that the allocated forex cannot be transferred,” Amir-Houshang Birashk, secretary of Iranian Vegetable Oil Industry Association, told Mehr News Agency. 

“At present, 60,000 tons of unprocessed oils are held up in customs warehouses. We are negotiating to solve the problem. All edible oil companies have been affected. Imports of unprocessed oil have declined by 50%. Those in charge need to find a solution to avoid new challenges to the vegetable oil industry,” he said in late October.

The shortage led officials to take action and clear the cargoes stuck in customs.

“A total of 30,000 tons of edible oil have been distributed by the Government Trading Corporation of Iran in the domestic market over the past three days,” Mohammad-Taqi Tabatabaei, the spokesman of company, said earlier this month.

“Strategic reserves of unprocessed oil are higher than last [Iranian] year [March 2019-20]. There is no problem or concern regarding any scarcity of the product,” he was quoted as saying by IRNA.

“Over the past 2-3 weeks, close to 50,000 tons of edible oil have been supplied to regulate the market. The Government Trading Corporation of Iran is planning to provide more of the essential product to meet domestic demand.”

Other than a vessel, which unloaded its cargo of 42,000 tons of raw oil at Bandar Abbas, Hormozgan on Thursday, the offloading operation of another container ship carrying 131,000 tons of unprocessed oil is in progress at Imam Khomeini Port in southwestern Khuzestan Province.

“A total of 131,000 tons of unprocessed edible oil have been recently imported via Imam Khomeini Port located in the southern Khuzestan Province,” Omid Jahan-Nejadian, an official with the Government Trading Corporation of Iran, said.

“As planned, unprocessed oil imports through Imam Khomeini Port will reach 500,000 tons by the end of the current Iranian year [March 20, 2021]. The import of unprocessed vegetable oil is continuing smoothly through other ports of entry as well,” he was quoted as saying by IRNA. 

The Government Trading Corporation of Iran, affiliated to the Ministry of Industries, Mining and Trade, is in charge of importing four essential goods, namely sugar, rice, vegetable oil and wheat. 


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