Price for Reciprocating or Rotary Internal Combustion Piston Engines in Iraq - 2022

Contents:

  1. Price for Reciprocating or Rotary Internal Combustion Piston Engines in Iraq (CIF) - 2022
  2. Price for Reciprocating or Rotary Internal Combustion Piston Engines in Iraq (FOB) - 2022
  3. Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Iraq
  4. Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Iraq

Price for Reciprocating or Rotary Internal Combustion Piston Engines in Iraq (CIF) - 2022

The average import price for reciprocating or rotary internal combustion piston engineses stood at $367 per unit in 2022, falling by -45.3% against the previous year. Over the period under review, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of 20%. Over the period under review, average import prices hit record highs at $1,200 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 the United Arab Emirates ($3,682 per unit), while the price for China ($186 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Reciprocating or Rotary Internal Combustion Piston Engines in Iraq (FOB) - 2022

The average export price for reciprocating or rotary internal combustion piston engineses stood at $2,091 per unit in 2022, surging by 61% against the previous year. Over the period under review, the export price showed a slight increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 158%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($2,105 per unit), while the average price for exports to Turkey totaled $1,946 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+17.8%).

Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Iraq

In 2022, imports of reciprocating or rotary internal combustion piston engineses into Iraq skyrocketed to 52K units, jumping by 64% against 2021. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of reciprocating or rotary internal combustion piston engineses contracted slightly to $20M in 2022. Overall, imports, however, saw a abrupt downturn. Over the period under review, imports of hit record highs at $28M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Reciprocating or Rotary Internal Combustion Piston Engines in Iraq (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10.510.88.38.1-8.3%
South Korea3.23.43.52.8-4.4%
Taiwan (Chinese)0.91.41.12.438.7%
Germany0.40.30.20.1-37.0%
Others13.310.07.36.4-21.6%
Total28.325.920.319.8-11.2%

Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Iraq in 2022:

  1. China (43.4K units)
  2. Taiwan (Chinese) (4.8K units)
  3. South Korea (1.0K units)
  4. Germany (0.5K units)

Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Iraq

In 2022, shipments abroad of reciprocating or rotary internal combustion piston engineses decreased by 0% to 34 units, falling for the second year in a row after two years of growth. In general, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 83%. As a result, the exports reached the peak of 86 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of reciprocating or rotary internal combustion piston engineses contracted significantly to $71K in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 135%. Over the period under review, the exports of attained the peak figure at $141K in 2021, and then reduced notably in the following year.

Export of Reciprocating or Rotary Internal Combustion Piston Engines in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran29.775.932.165.230.0%
Turkey7.613.43.95.8-8.6%
Czech RepublicN/AN/A105N/A0%
Others0.7N/AN/AN/A0%
Total38.089.314171.123.2%

Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Iraq in 2022:

  1. Iran (31.0 units)
  2. Turkey (3.0 units)

Source: IndexBox Market Intelligence Platform

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