Iraq: Tapered Roller Bearing Market 2022

Tapered Roller Bearing Market Size in Iraq

The Iraqi tapered roller bearing market rose to $X in 2021, picking up by X% 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). Over the period under review, consumption showed a relatively flat trend pattern. Tapered roller bearing consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Tapered Roller Bearing Exports

Exports from Iraq

In 2021, approx. less than X kg of tapered roller bearings were exported from Iraq; standing approx. at 2020 figures. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X kg. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tapered roller bearing exports totaled less than $X in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Ghana (X kg) was the main destination for tapered roller bearing exports from Iraq, accounting for a approx. X% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of volume to Ghana was relatively modest.

From 2012 to 2016, the average annual growth rate of value to Ghana was relatively modest.

Export Prices by Country

The average tapered roller bearing export price stood at $X per ton in 2016, rising by X% against the previous year. In general, the export price showed a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2016, the rate of growth in terms of prices for Ghana amounted to X% per year.

Tapered Roller Bearing Imports

Imports into Iraq

In 2021, tapered roller bearing imports into Iraq expanded remarkably to X tons, picking up by X% compared with the previous year. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tapered roller bearing imports reached $X in 2021. In general, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum 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 tons) was the main supplier of tapered roller bearing to Iraq, accounting for a X% share of total imports. Moreover, tapered roller bearing imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of tapered roller bearing to Iraq, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates was relatively modest.

Import Prices by Country

In 2021, the average tapered roller bearing import price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%).

Source: IndexBox Platform