Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iraq - 2022

Contents:

  1. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iraq (CIF) - 2022
  2. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iraq (FOB) - 2022
  3. Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iraq
  4. Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iraq

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iraq (CIF) - 2022

In 2022, the average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $10,927 per unit, rising by 19% against the previous year. Overall, the import price recorded a mild expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 37%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($23,723 per unit), while the price for India ($1,024 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iraq (FOB) - 2022

The average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $1,486 per unit in 2022, with an increase of 77% against the previous year. Over the period under review, the export price recorded a modest increase. The most prominent rate of growth was recorded in 2019 an increase of 111%. Over the period under review, the average export prices attained the peak figure at $3,298 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,026 per unit), while the average price for exports to the Czech Republic ($171 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 Turkey (+0.1%).

Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iraq

In 2022, approx. 169 units of weighing machines; having a maximum weighing capacity exceeding 5000kgs were imported into Iraq; dropping by -14.6% on the previous year. Overall, imports showed a significant contraction. The smallest decline of -1.5% was in 2021. Imports peaked at 382 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $1.8M in 2022. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 5.3%. Imports peaked at $2.8M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey1,990931972996-20.6%
Iran544347395347-13.9%
United States53.620.673.615141.2%
China0.419956.797.7525.1%
South Korea57.131.010173.08.5%
United Arab Emirates18.648.011253.141.9%
India1.716.423.725.6146.9%
Others92.512879.11033.6%
Total2,7571,7211,8131,847-12.5%

Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Iraq in 2022:

  1. Turkey (42.0 units)
  2. Iran (41.0 units)
  3. India (25.0 units)
  4. China (15.0 units)
  5. United States (12.0 units)
  6. South Korea (8.0 units)
  7. United Arab Emirates (7.0 units)

Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iraq

Exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs from Iraq soared to 6 units in 2022, rising by 200% against the previous year. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs soared to $8.9K in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A6.10%
Turkey1.41.51.72.724.5%
Czech RepublicN/AN/AN/A0.20%
OthersN/AN/AN/AN/A0%
Total1.41.51.78.985.2%

Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Iraq in 2022:

  1. United States (3.0 units)
  2. Turkey (2.0 units)
  3. Czech Republic (1.0 units)

Source: IndexBox Market Intelligence Platform

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