Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: The removal of almost all sanctions on Iran's economy heralds a new era for the country. In
terms of agriculture, the return of economic growth will have the most rapid and direct impact on
consumption. Production and investment in the supply chain will also benefit, but over the longer term.
Therefore, production expansion will be slower than consumption growth in the coming years and Iran will
remain a large and growing importer of key commodities. The lifting of sanctions will also lead to a
normalisation of trade flows, which will encompass a rise in imports and the re-diversification of suppliers.
? Wheat production growth to 2019/20: 23.0% to 16.2mn tonnes. Wheat yields are expected to improve
owing to the modernisation of technology, including hardier grains variants, greater access to relevant
inputs and a larger area of the country benefiting from new irrigation facilities.
? Sugar consumption growth to 2020: 27.6% to 3.1mn tonnes. Sugar demand will be mainly driven by
population growth and the improved macroeconomic conditions following the lifting of sanctions from