Iraq: Pump For Liquid Market 2022

Pump For Liquid Market Size in Iraq

For the third consecutive year, the Iraqi pump for liquid market recorded growth in sales value, which increased by X% to $X in 2021. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2016 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Pump For Liquid Exports

Exports from Iraq

In 2021, overseas shipments of pumps for liquids and liquid elevators decreased by -X% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2020, and then dropped in the following year.

In value terms, pump for liquid exports shrank notably to $X in 2021. Overall, exports recorded a mild descent. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Austria (X units), the United Arab Emirates (X units) and the United States (X units) were the main destinations of pump for liquid exports from Iraq, together accounting for X% of total exports. Italy and Turkey lagged somewhat behind, together comprising a further X 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pump for liquid exported from Iraq were the United Arab Emirates ($X), the United States ($X) and Turkey ($X), together accounting for X% of total exports.

The United States, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average pump for liquid export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2020, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Iraq

For the third year in a row, Iraq recorded growth in overseas purchases of pumps for liquids and liquid elevators, which increased by X% to X units in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, pump for liquid imports dropped slightly to $X in 2021. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and India (X units) were the main suppliers of pump for liquid imports to Iraq, with a combined X% share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of pump for liquid to Iraq, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2020, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and India (+X% per year).

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2020, dropping by -X% against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2020, 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 more modest paces of growth.

Source: IndexBox Platform