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Iraq - Trucks - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jul 12, 2018

The Truck Market in Iraq Is on the Rise

IndexBox has just published a new report "Iraq: Trucks - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.

The Truck Market Plunged Dramatically

The truck market in Iraq totalled X units in 2016, experiencing mixed trend patterns from 2007 to 2016. From 2007 – 2009, the market grew significantly and then decreased over the next two year period. It then started to see a recovery, and surpassing pre-crisis figures, continued to expand. However, from 2015 to 2016, the Iraq trucks market decreased significantly, which was caused by a drop in demand due to the deterioration of the economic situation with the new war starting in the country. 

The Truck Market Is Expected to Grow Modestly

Should there be any sign of gradual political stabilization, the country's economy shall recover, the demand for freight transportation will then grow. An additional contribution is expected following the growing demand for construction materials required for rebuilding destroyed cities, as well as the development of trade relations between Iraq, its neighboring countries and Asian countries (primarily, China and Southeast Asian countries); all in all, influenced by these factors, the truck market will be gradually growing. At the same time, due to relatively low oil prices along with a lot of risks to political stability in Iraq, which all hamper the economy development, it is expected that the growth of the truck market will be modest. Market performance is forecast to increase with an anticipated CAGR of +X% for the period from 2016 to 2025, which is expected to bring the market volume to X units by 2025.

Trucks Production in Iraq Improved over the Last Year

Iraq’s trucks output increased to X units in 2016, an increase of X units (or X%) more than the previous year. The production of trucks in Iraq remains insignificant and unstable. A notable growth in production volume in Iraq is due to the expansion of production by foreign companies. 

Iraq domestic truck production, however, remains insignificant in comparison with the volume of imports, which are shipped mainly from Asian countries (the Republic of Korea, the UAE, Kuwait, China) and the EU (the UK, Spain and the Netherlands). Despite a decline in imports in recent years, Iraq depends completely on imported trucks.

Truck Exports from Iraq Remain Negligible

Exports of trucks from Iraq remain negligible both in terms of volume and value, fluctuating near only X units over the last five years, which equated $X in 2016. As the result, in 2016, Ghana (X units) and Korea (X unit) were the only destinations of truck exports from Iraq. Previously, a very small amount of trucks was also exported to Turkey, Venezuela and some other countries, but these supplies were negligible.

Truck Imports Plunged Abruptly due to Current Military Instability in Iraq

The volume of total truck imports in Iraq totalled X units in 2016, which equated to $X in value terms. The volume of imports grew robustly from 2008-2009, but then it slipped down on the backdrop of the global financial crisis and political instability in Iraq. Afterwards, it soared from 2012-2014 amid high oil prices, which promoted the recovery of economy of Iraq. Over the next two years, however, the volume of imports plunged dramatically, caused by a new war in Iraq and the loss of control over a large piece of the country’s territory by the government. In value terms, the trend pattern was similar to that of the volume of imports.

Korea (X units), the U.A.E. (X units), Kuwait (X units), China (X units) and the UK (X units) remain the key suppliers of trucks to Iraq, together accounting for X% of the total imports in 2016. 

From 2007 to 2016, Korea (+X% per year) and the U.A.E. (+X% per year) had the highest growth rates of the import supplies to Iraq, while Kuwait (-X% per year) and China (-X% per year) experienced negative dynamics of the volume of supplies. Consequently, the share of Korea (+X percentage points) and the U.A.E. (+X percentage points) in terms of the total imports increased noticeably from 2007-2016. By contrast, the share of China reduced from X% in 2007 to X% in 2016. The shares of the other countries remained relatively stable throughout the analysed period.

Do you want to know more about the truck market in Iraq? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • truck market share
  • truck prices
  • truck industry
  • truck sales
  • truck import
  • truck export
  • truck market forecast
  • truck price forecast

Source: IndexBox AI Platform

Product coverage:
• Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
• Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
• Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
• Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new

This report provides an in-depth analysis of the truck market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Country coverage:
• Iraq

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Iraq
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007-2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2019
Figure 5:
Trade Balance, In Physical Terms, 2007-2019
Figure 6:
Trade Balance, In Value Terms, 2007-2019
Figure 7:
Per Capita Consumption, 2007-2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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