Speed Changer Price in Iraq - 2022

Contents:

1. Speed Changer Price in Iraq (CIF) - 2022
2. Speed Changer Price in Iraq (FOB) - 2022
3. Speed Changer Imports in Iraq
4. Speed Changer Exports in Iraq

Speed Changer Price in Iraq (CIF) - 2022

The average speed changer import price stood at $11,896 per ton in 2022, falling by -20.7% against the previous year. Over the period under review, the import price recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 an increase of 41% against the previous year. Over the period under review, average import prices reached the peak figure at $20,707 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 France ($60,303 per ton), while the price for China ($6,857 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Iraq (FOB) - 2022

In 2022, the average speed changer export price amounted to $5,633 per ton, growing by 24% against the previous year. In general, the export price, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 42%. Over the period under review, the average export prices attained the maximum at $31,088 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($102,000 per ton), while the average price for exports to China ($1,855 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.8%), while the prices for the other major destinations experienced a decline.

Speed Changer Imports in Iraq

In 2022, after three years of growth, there was decline in overseas purchases of speed changers, industrial high-speed drives and gear, when their volume decreased by -4% to 2.1K tons. In general, total imports indicated a strong increase from 2019 to 2022: its volume 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. Based on 2022 figures, imports increased by +53.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, imports reached the peak of 2.2K tons, and then reduced modestly in the following year.

In value terms, speed changer imports fell remarkably to $25M in 2022. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 91%. As a result, imports attained the peak of $33M, and then contracted notably in the following year.

Top Suppliers of Speed Changer to Iraq in 2022:

1. China (1157.6 tons)
2. Turkey (347.7 tons)
3. Poland (106.3 tons)
4. United Arab Emirates (76.6 tons)
5. Germany (43.0 tons)
6. United States (41.7 tons)
7. Finland (34.6 tons)
8. Netherlands (17.4 tons)

Speed Changer Exports in Iraq

After three years of growth, shipments abroad of speed changers, industrial high-speed drives and gear decreased by -33.9% to 3.5 tons in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 270% against the previous year. As a result, the exports attained the peak of 5.3 tons, and then dropped sharply in the following year.

In value terms, speed changer exports dropped sharply to $20K in 2022. Over the period under review, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $24K, and then contracted significantly in the following year.

Top Export Markets for Speed Changer from Iraq in 2022:

1. Turkey (1940.0 kg)
2. China (1320.0 kg)
3. Thailand (200.0 kg)

Source: IndexBox Market Intelligence Platform