About the report
Industry reports have been compiled since the early 20th century by organizations, research firms, and trade associations of various industries, with the aim of collecting reliable data and providing data-driven approaches as a key pillar of informed business decision-making.
The function of industry reports has evolved over time; reports produced by leading management consulting firms such as McKinsey, Boston Consulting Group, and Bain serve as the industry’s go-to source for accurate data and operational experience, accurately reflecting the pulse of the industry.
Collection of reports Industrialist The industry-specific data chapter is one of the main centers for publishing industry-specific data. The first series of these reports provides an overview of seven key industries in Iran and includes four main sections: (1) An overview of Iran’s macroeconomics, (2) General industry statistics and trends, (3) Export statistics, and (4) Top players.
It is worth noting Full text of the report It is available for study by those interested.
A look at Iran’s macroeconomics
The share of agriculture and industry (excluding oil and gas) in GDP remained stable at around 6% and 25%, respectively, during 2011-2012, and during the same period, Iran’s services sector grew at a CAGR of 3.5%, while oil and gas declined at a CAGR of 3.8%, reducing the share of services to half of GDP. After 2020, Iran’s economy grew slightly, with the main burden (62%) being growth in the services sector.
Among the main sectors of GDP, between 2011 and 2022, the highest compound annual growth rates were in services (4%), agriculture (2%), industry and mining (1%), and oil and gas declined at a rate of -4%.
Financial intermediation, transportation, and real estate have been the main drivers of service sector growth, likely due to their immunity from international volatility as well as the high growth of the digital economy.
Between 2018 and 2022, the total volume of Iran’s non-oil exports increased at a compound annual growth rate of 1%, but at the same time, the total value of exports grew at a rate of 5%.
General pharmaceutical statistics and trends
In 2020, more than 30,000 industrial workshops with about 1.9 million employees generated more than $141 billion in production and $44 billion in added value.
The pharmaceutical industry accounts for 1.1% of the country’s total industrial enterprises, 2.2% of total employment, and 1.3% of total industrial production.
The prescription drug market experienced greater growth in 2012 compared to over-the-counter (OTC) drugs during the same period.
Despite increased global demand for pharmaceutical products during the coronavirus pandemic, the industry’s production value declined by 23% in 2020.
Pharmaceutical production has experienced a volatile trend, with production value increasing from 2012 to 2016 and then decreasing thereafter.
The production value in 2020 was lower than in 2011.
Pharmaceutical exports
The increase in the value of Iran’s exports of medicine and medical equipment, despite the decrease in volume, indicates that the unit of export of medicine and medical equipment has become more expensive.
In 1401, six destination countries accounted for 85% of the total value of exports of medicines and medical equipment, while only accounting for 52% of the total volume of exports of medicines and medical equipment.
In 1401, Syria, the main destination for Iranian exports, accounted for 37% of the total export value, while only accounting for 2% of the total export volume.
This amount indicates the relatively high value of Iran’s pharmaceutical and medical products exported to Syria.
Syria was Iran’s most valuable export destination in 1401, surpassing Germany, with a growth in export value of 274%.
Syria has been the destination for Iran’s relatively expensive pharmaceutical exports; the share of export value to Syria has always been above 10%, while its share of the total export volume has been less than 3%.
From 2018 to 2023, the value of exports to Germany has fluctuated while the volume of exports has not changed significantly.
Italy is a new destination for Iranian exports of medicine and medical equipment.
The value of exports to Italy has increased 168 times between 2020 and 2022.
Top Pharmaceutical Players
The Industrial Management Institute (IMI) began ranking Iran’s top companies in 1998, and its latest edition was published in January 2023, covering the performance of 2021.
The main purpose of compiling the IMI1500 ranking is to determine and rank the level of participation of companies in the national economy, in order to promote transparency and competition in the business environment and generally improve the position of Iranian enterprises. This comparison and ranking is based on financial information published in the companies’ financial statements.
The economic effectiveness of a company’s activities at the national level is directly related to its sales volume.
The Institute of Industrial Management ranks companies by considering seven main indicator categories, each of which includes specific and precise indicators:
There are 307 pharmaceutical suppliers and 42 distributors, out of which, the top six players from the IMI-500 are examined further.
According to IMI-500 (version 1401), the top six players in the pharmaceutical and drug distribution sector are Darupakhsh, Hejrat, Obidi, Eksir, Kausar, and Ghazi.
