Wednesday, December 10, 2008

Local Production vs Importation

The market share of local production (value-wise) has declined from 85.2% to 63.4% over the past 8 (Iranian) years. In this period the value of importation has jumped from 14.8% to 36.6%.
It is expected that this trend - although at a much lower speed - will continue to last at least for the 5 coming years. There is also other idea that as result of global recession and low oil prices the budget for importation of pharmaceutical will be limited by Iranian government and the government will pursue the objective of fulfilling the local demand for pharmaceuticals by mainly cheap locally produced products.