The commercial industrial gases market in Iran is estimated to have generated revenues of $280 million in 2016. This is an increase from $100 million in 2006, indicating an average annual growth rate of 10.5% p.a.
The rate GDP has experienced large periods of double digit growth over the past decade. However, the rate of GDP declined drastically by -33% in 2012. This was followed by a slight recovery and then further decline in 2015 of -9.8%. Marginal growth returned in 2016, at under 1%.
Report Data: 2016