Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Iraq - 2022

Contents:

  1. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Iraq (CIF) - 2022
  2. Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Iraq

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Iraq (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses amounted to $921 per unit, rising by 77% against the previous year. Overall, the import price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of 124%. As a result, import price reached the peak level of $1,956 per unit. From 2018 to 2022, the average 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 Lebanon ($1,006 per unit), while the price for China ($20 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (-4.2%), while the prices for the other major suppliers experienced a decline.

Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Iraq

In 2022, the amount of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses imported into Iraq contracted markedly to 32 units, falling by -60% against the previous year's figure. Overall, imports, however, showed a modest increase. The pace of growth appeared the most rapid in 2021 when imports increased by 789%. As a result, imports attained the peak of 80 units, and then fell rapidly in the following year.

In value terms, imports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses reduced notably to $29K in 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 308%. As a result, imports reached the peak of $42K, and then declined sharply in the following year.

Import of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lebanon30.49.632.928.2-2.5%
Italy5.00.61.61.2-37.9%
Turkey0.2N/A0.20.1-20.6%
China1.2N/A6.9N/A139.8%
OthersN/AN/AN/AN/A0%
Total36.810.241.629.5-7.1%

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices to Iraq in 2022:

  1. Lebanon (28.0 units)
  2. Italy (2.0 units)
  3. Turkey (1.0 units)
  4. China (1.0 units)

Source: IndexBox Market Intelligence Platform

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