Iraq: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2022

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Iraq

In 2021, the Iraqi market for machine-tools for working stone, ceramics, and concrete was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a deep slump. Machine tools for working stone consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Iraq

In 2021, shipments abroad of machine-tools for working stone, ceramics, and concrete increased by X% to X units for the first time since 2014, thus ending a six-year declining trend. In general, exports, however, continue to indicate a sharp decline. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine tools for working stone exports dropped to $X in 2021. Overall, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for machine tools for working stone exports from Iraq, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled -X%.

In value terms, Turkey ($X) also remains the key foreign market for machine tools for working stone exports from Iraq.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at -X%.

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2021, falling by -X% against the previous year. Overall, the export price, however, posted a remarkable increase. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then shrank slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +X% per year.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Iraq

After two years of decline, supplies from abroad of machine-tools for working stone, ceramics, and concrete increased by X% to X units in 2021. Over the period under review, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, machine tools for working stone imports reached $X in 2021. In general, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 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, Turkey (X units) constituted the largest machine tools for working stone supplier to Iraq, accounting for a X% share of total imports. Moreover, machine tools for working stone imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was occupied by China (X units), with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (+X% per year).

In value terms, China ($X), Turkey ($X) and Italy ($X) constituted the largest machine tools for working stone suppliers to Iraq, with a combined X% share of total imports. Iran, Lebanon and the United Arab Emirates lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, dropping by -X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then fell notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform