Iraq: Non-Self-Propelled Fork-Lift Truck Market 2022

Non-Self-Propelled Fork-Lift Truck Market Size in Iraq

In 2021, the Iraqi non-self-propelled fork-lift truck market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption saw a noticeable descent. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from Iraq

In 2021, after nine years of growth, there was significant decline in overseas shipments of non-self-propelled fork-lift trucks, when their volume decreased by -X% to X units. Over the period under review, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then reduced sharply in the following year.

In value terms, non-self-propelled fork-lift truck exports fell rapidly to $X in 2021. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020, and then reduced notably in the following year.

Exports by Country

The Czech Republic (X units) was the main destination for non-self-propelled fork-lift truck exports from Iraq, with a X% share of total exports. Moreover, non-self-propelled fork-lift truck exports to the Czech Republic exceeded the volume sent to the second major destination, Georgia (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic stood at +X%.

In value terms, Georgia ($X) emerged as the key foreign market for non-self-propelled fork-lift truck exports from Iraq, comprising X% of total exports. The second position in the ranking was occupied by the Czech Republic ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Georgia was relatively modest.

Export Prices by Country

In 2021, the average non-self-propelled fork-lift truck export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price recorded significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Georgia ($X per unit), while the average price for exports to the Czech Republic totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+X%).

Non-Self-Propelled Fork-Lift Truck Imports

Imports into Iraq

In 2021, after two years of growth, there was significant decline in supplies from abroad of non-self-propelled fork-lift trucks, when their volume decreased by -X% to X units. Over the period under review, imports recorded a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then declined notably in the following year.

In value terms, non-self-propelled fork-lift truck imports fell notably to $X in 2021. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of non-self-propelled fork-lift truck to Iraq, accounting for a X% share of total imports. Moreover, non-self-propelled fork-lift truck imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. Saudi Arabia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Saudi Arabia (+X% per year).

In value terms, the United Arab Emirates ($X), China ($X) and Saudi Arabia ($X) constituted the largest non-self-propelled fork-lift truck suppliers to Iraq, with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average non-self-propelled fork-lift truck import price stood at $X per unit in 2021, with an increase of X% against the previous year. In general, the import price, however, saw a noticeable decline. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform