Motorcycle Tire Price in Iraq - 2022
Contents:
Motorcycle Tire Price in Iraq (CIF) - 2022
The average motorcycle tire import price stood at $16 per unit in 2022, picking up by 27% against the previous year. In general, the import price enjoyed a tangible increase. The growth pace was the most rapid in 2018 an increase of 111%. The import price peaked at $24 per unit in 2019; however, from 2020 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 Iran ($49 per unit), while the price for Thailand ($8.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Imports in Iraq
In 2022, after three years of growth, there was significant decline in supplies from abroad of new pneumatic tyres for motorcycles, when their volume decreased by -23.8% to 764K units. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 113%. Imports peaked at 1M units in 2021, and then contracted sharply in the following year.
In value terms, motorcycle tire imports declined slightly to $12M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 59% against the previous year. Over the period under review, imports hit record highs at $12M in 2021, and then declined in the following year.
| Import of Motorcycle Tire in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.9 | 7.4 | 7.8 | 6.4 | 18.0% |
| Iran | 0.9 | 1.1 | 1.8 | 1.7 | 23.6% |
| United Arab Emirates | 0.4 | 0.1 | 0.2 | 1.4 | 51.8% |
| Vietnam | 0.7 | 1.2 | 1.1 | 1.1 | 16.3% |
| Pakistan | N/A | 0.1 | 0.4 | 0.6 | 144.9% |
| Thailand | 1.1 | 1.4 | 0.5 | 0.5 | -23.1% |
| Others | 0.3 | 0.3 | 0.4 | 0.2 | -12.6% |
| Total | 7.2 | 11.5 | 12.3 | 11.9 | 18.2% |
Top Suppliers of Motorcycle Tire to Iraq in 2022:
- China (540.6K units)
- Pakistan (66.6K units)
- Thailand (58.5K units)
- Iran (35.1K units)
- United Arab Emirates (29.2K units)
- Vietnam (25.7K units)
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