Price for Non-Furniture Refrigerating or Freezing Equipment in Iraq - 2022

Contents:

1. Price for Non-Furniture Refrigerating or Freezing Equipment in Iraq (CIF) - 2022
2. Price for Non-Furniture Refrigerating or Freezing Equipment in Iraq (FOB) - 2022
3. Imports of Non-Furniture Refrigerating or Freezing Equipment in Iraq
4. Exports of Non-Furniture Refrigerating or Freezing Equipment in Iraq

Price for Non-Furniture Refrigerating or Freezing Equipment in Iraq (CIF) - 2022

In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $159 per unit, increasing by 35% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-furniture refrigerating or freezing equipment import price increased by +58.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($440 per unit), while the price for Lebanon ($39 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Furniture Refrigerating or Freezing Equipment in Iraq (FOB) - 2022

In 2022, the average export price for non-furniture refrigerating or freezing equipment amounted to $89 per unit, approximately equating the previous year. In general, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 66% against the previous year. Over the period under review, the average export prices reached the peak figure at $367 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($391 per unit), while the average price for exports to Turkey ($78 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+34.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Iraq

In 2022, approx. 352K units of non-furniture refrigerating or freezing equipment were imported into Iraq; picking up by 17% on 2021. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, imports hit record highs at 366K units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, non-furniture refrigerating or freezing equipment imports skyrocketed to $56M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.3% 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.

Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Iraq in 2022:

1. China (130.7K units)
2. United Arab Emirates (62.3K units)
3. Turkey (58.3K units)
4. United States (25.6K units)
5. Netherlands (17.4K units)
6. France (17.3K units)
7. South Korea (8.8K units)
8. Italy (6.2K units)
9. Lebanon (4.5K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Iraq

For the fourth year in a row, Iraq recorded growth in overseas shipments of non-furniture refrigerating or freezing equipment, which increased by 147% to 217 units in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 520%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, non-furniture refrigerating or freezing equipment exports soared to $19K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 274% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Iraq in 2022:

1. Turkey (199.0 units)
2. United Arab Emirates (6.0 units)
3. Netherlands (4.0 units)
4. Egypt (4.0 units)
5. China (3.0 units)

Source: IndexBox Market Intelligence Platform