Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Iraq - 2022

Contents:

1. Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Iraq (CIF) - 2022
2. Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Iraq (FOB) - 2022
3. Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Iraq
4. Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Iraq

Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Iraq (CIF) - 2022

The average import price for containers for compressed or liquefied gas, of iron or steel stood at $28 per unit in 2022, with an increase of 57% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for containers for compressed or liquefied gas, of iron or steel increased by +85.5% against 2020 indices. Over the period under review, average import prices attained the peak figure at $34 per unit in 2015; however, from 2016 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 Italy ($46 per unit), while the price for Lebanon ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Iraq (FOB) - 2022

In 2022, the average export price for containers for compressed or liquefied gas, of iron or steel amounted to $33 per unit, rising by 12% against the previous year. Over the period under review, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 70% against the previous year. The export price peaked at $43 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($51 per unit), while the average price for exports to Turkey ($22 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Iraq

In 2022, the amount of containers for compressed or liquefied gas, of iron or steel imported into Iraq declined remarkably to 698K units, with a decrease of -53.4% compared with 2021. Over the period under review, imports recorded a significant contraction. The smallest decline of -12.2% was in 2020. Imports peaked at 2M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of containers for compressed or liquefied gas, of iron or steel declined remarkably to $20M in 2022. Overall, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 2.1% against the previous year. Over the period under review, imports of hit record highs at $34M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to Iraq in 2022:

1. Turkey (494.2K units)
2. China (128.1K units)
3. United Arab Emirates (33.7K units)
4. Italy (16.9K units)
5. Lebanon (7.3K units)

Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Iraq

In 2022, exports of containers for compressed or liquefied gas, of iron or steel from Iraq fell significantly to 712 units, with a decrease of -74.8% against the previous year's figure. In general, exports showed a precipitous decrease. The smallest decline of -38.2% was in 2020. The exports peaked at 18K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of containers for compressed or liquefied gas, of iron or steel contracted rapidly to $24K in 2022. Overall, exports recorded a sharp decline. The smallest decline of -18.7% was in 2020. The exports peaked at $240K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from Iraq in 2022:

1. Turkey (581.0 units)
2. Netherlands (107.0 units)
3. United Arab Emirates (12.0 units)

Source: IndexBox Market Intelligence Platform