Price for Machinery; Parts of the Machinery of Heading No. 8425 in Iraq - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Iraq (CIF) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Iraq
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Iraq (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $9,284 per ton, increasing by 4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the peak figure at $13,394 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($26,383 per ton), while the price for Iran ($2,358 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Iraq
In 2022, the amount of machinery; parts of the machinery of heading no. 8425 imported into Iraq skyrocketed to 173 tons, jumping by 76% on 2021 figures. In general, imports posted a temperate expansion.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 soared to $1.6M in 2022. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 582 | 819 | 464 | 906 | 15.9% |
| United States | 206 | 318 | 84.1 | 253 | 7.1% |
| Turkey | 62.2 | 39.4 | 68.5 | 187 | 44.3% |
| United Arab Emirates | 56.8 | 36.8 | 34.3 | 74.3 | 9.4% |
| Italy | 171 | 5.4 | 31.0 | 59.3 | -29.7% |
| Netherlands | 81.0 | 21.3 | 26.4 | 16.5 | -41.2% |
| Iran | 55.9 | 6.3 | 4.9 | 10.9 | -42.0% |
| Others | 284 | 283 | 167 | 102 | -28.9% |
| Total | 1,499 | 1,530 | 880 | 1,609 | 2.4% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Iraq in 2022:
- China (109.0 tons)
- Turkey (26.4 tons)
- United States (11.6 tons)
- Italy (9.9 tons)
- Iran (4.6 tons)
- United Arab Emirates (4.3 tons)
- Netherlands (2.7 tons)
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