Iraq: Market for Pneumatic Linear Acting Actuators 2023

Market Size for Pneumatic Linear Acting Actuators in Iraq

In 2022, the Iraqi pneumatic linear acting actuator market increased by 8.6% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption recorded a notable expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Exports of Pneumatic Linear Acting Actuators

Exports from Iraq

Pneumatic linear acting actuator exports from Iraq contracted modestly to X units in 2022, dropping by -4.8% against 2021. In general, exports saw a sharp descent. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator exports dropped to $X in 2022. Over the period under review, exports faced a dramatic descent. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for pneumatic linear acting actuator exports from Iraq, with a approx. 100% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for pneumatic linear acting actuators exports from Iraq.

From 2017 to 2022, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, reducing by -2.2% against the previous year. In general, the export price, however, recorded a resilient increase. The export price peaked at $X per unit in 2021, and then declined in the following year.

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

From 2017 to 2022, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Imports of Pneumatic Linear Acting Actuators

Imports into Iraq

After two years of decline, purchases abroad of pneumatic linear acting actuators increased by 17% to X units in 2022. Overall, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by 278% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports stood at $X in 2022. Over the period under review, imports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2019 when imports increased by 148%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest pneumatic linear acting actuator supplier to Iraq, accounting for a 74% share of total imports. Moreover, pneumatic linear acting actuator imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. The third position in this ranking was taken by Turkey (X units), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+33.6% per year) and Turkey (-3.9% per year).

In value terms, China ($X), Germany ($X) and the United Arab Emirates ($X) constituted the largest pneumatic linear acting actuator suppliers to Iraq, with a combined 52% share of total imports. Spain and Turkey lagged somewhat behind, together accounting for a further 12%.

Spain, with a CAGR of +25.0%, saw the highest growth rate of the value of imports, among 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 2022, the average pneumatic linear acting actuator import price amounted to $X per unit, dropping by -13.7% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :