Iraq: Market for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles 2024

Market Size for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Iraq

The Iraqi market for road-sweepers, mobile workshops and other special purpose vehicles soared to $X in 2021, jumping by 73% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a abrupt contraction. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Exports from Iraq

In 2021, the amount of road-sweepers, mobile workshops and other special purpose vehicles exported from Iraq was estimated at X units, flattening at the previous year. In general, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 67% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of road-sweepers, mobile workshops and other special purpose vehicles surged to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by 178%. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for exports of road-sweepers, mobile workshops and other special purpose vehicles from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled +2.5%.

In value terms, Turkey ($X) also remains the key foreign market for road-sweepers, mobile workshops and other special purpose vehicles exports from Iraq.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to +55.1%.

Export Prices by Country

In 2021, the average export price for road-sweepers, mobile workshops and other special purpose vehicles amounted to $X per unit, increasing by 19% against the previous year. Overall, the export price recorded a perceptible increase. The pace of growth was the most pronounced in 2013 an increase of 122%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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 +51.3% per year.

Imports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Imports into Iraq

Imports of road-sweepers, mobile workshops and other special purpose vehicles into Iraq surged to X units in 2021, jumping by 25% on 2020 figures. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by 788% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of road-sweepers, mobile workshops and other special purpose vehicles surged to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 384% 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 States (X units) constituted the largest road-sweepers, mobile workshops and other special purpose vehicles supplier to Iraq, accounting for a 26% share of total imports. Moreover, imports of road-sweepers, mobile workshops and other special purpose vehicles from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Turkey (X units), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.6% per year) and Turkey (+11.2% per year).

In value terms, the United States ($X), Germany ($X) and Italy ($X) were the largest road-sweepers, mobile workshops and other special purpose vehicles suppliers to Iraq, together comprising 44% of total imports. France, the United Arab Emirates, Turkey, China, the Netherlands, Poland, Iran, Lebanon, Ukraine and Spain lagged somewhat behind, together accounting for a further 20%.

France, with a CAGR of +11.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for road-sweepers, mobile workshops and other special purpose vehicles stood at $X per unit in 2021, with an increase of 81% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for road-sweepers, mobile workshops and other special purpose vehicles increased by +120.7% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-21.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :