Price for Chain and Parts Thereof, of Iron or Steel in Iraq - 2022
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Iraq (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Iraq (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Iraq
- Exports of Chain and Parts Thereof, of Iron or Steel in Iraq
Price for Chain and Parts Thereof, of Iron or Steel in Iraq (CIF) - 2022
In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $4,371 per ton, jumping by 22% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 38% against the previous year. The import price peaked at $5,091 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($15,666 per ton), while the price for Iran ($1,708 per ton) 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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Iraq (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $4,889 per ton in 2022, reducing by -35.7% against the previous year. Overall, the export price, however, saw perceptible growth. The most prominent rate of growth was recorded in 2015 an increase of 150%. As a result, the export price reached the peak level of $17,281 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($11,500 per ton), while the average price for exports to Turkey totaled $4,647 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+89.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chain and Parts Thereof, of Iron or Steel in Iraq
In 2022, supplies from abroad of chain and parts thereof, of iron or steel decreased by -21.5% to 2K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of 3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of chain and parts thereof, of iron or steel dropped slightly to $9.2M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Chain and Parts Thereof, of Iron or Steel in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 7.8 | 5.2 | 5.4 | 2.6% |
| United Arab Emirates | 2.7 | 1.5 | 2.8 | 1.9 | -11.1% |
| Turkey | 0.5 | 0.3 | 0.4 | 0.7 | 11.9% |
| Germany | 0.5 | 1.0 | 0.4 | 0.7 | 11.9% |
| Iran | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Total | 9.3 | 11.0 | 9.3 | 9.2 | -0.4% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Iraq in 2022:
- China (1402.3 tons)
- United Arab Emirates (284.9 tons)
- Turkey (145.8 tons)
- Iran (118.3 tons)
- Germany (46.2 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Iraq
In 2022, shipments abroad of chain and parts thereof, of iron or steel increased by 340% to 396 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of chain and parts thereof, of iron or steel skyrocketed to $1.9K in 2022. Over the period under review, exports, however, showed a abrupt setback.
| Export of Chain and Parts Thereof, of Iron or Steel in Iraq (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 833 | 1,720 | 49.0 | 1,775 | 28.7% |
| China | 21.0 | 70.0 | 20.0 | 161 | 97.2% |
| Colombia | N/A | N/A | 676 | N/A | 0% |
| India | 1,123 | N/A | N/A | N/A | 0% |
| Italy | 1,001 | N/A | N/A | N/A | 0% |
| Others | N/A | 70.0 | N/A | N/A | 0% |
| Total | 2,978 | 1,860 | 745 | 1,936 | -13.4% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Iraq in 2022:
- Turkey (382.0 kg)
- China (14.0 kg)
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