Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Iraq - 2022
Contents:
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Iraq (CIF) - 2022
- Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Iraq
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Iraq (CIF) - 2022
In 2022, the average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $8,731 per ton, with a decrease of -32.7% against the previous year. Overall, the import price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 197% against the previous year. As a result, import price reached the peak level of $15,550 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($11,044 per ton), while the price for Turkey ($5,431 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Iraq
In 2022, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 into Iraq skyrocketed to 43 tons, rising by 26% against the previous year. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 contracted notably to $371K in 2022. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 103% against the previous year. As a result, imports attained the peak of $438K, and then shrank remarkably in the following year.
| Import of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 40.1 | 73.7 | 66.0 | 210 | 73.7% |
| Turkey | 19.6 | 26.3 | 13.1 | 91.3 | 67.0% |
| Italy | 5.8 | 5.1 | 71.0 | 32.6 | 77.8% |
| United Arab Emirates | 7.2 | 61.2 | 22.2 | 1.9 | -35.9% |
| Austria | N/A | N/A | 199 | N/A | 0% |
| Lebanon | N/A | 3.5 | N/A | N/A | 0% |
| Iran | N/A | 15.7 | 17.2 | N/A | 9.6% |
| Others | 58.7 | 30.4 | 49.6 | 35.2 | -15.7% |
| Total | 131 | 216 | 438 | 371 | 41.5% |
Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Iraq in 2022:
- China (22.1 tons)
- Turkey (16.8 tons)
- Italy (3.0 tons)
- United Arab Emirates (0.3 tons)
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