Price for Turbines; Steam and Other Vapour Turbines in Iraq - 2022

Contents:

  1. Price for Turbines; Steam and Other Vapour Turbines in Iraq (CIF) - 2022
  2. Price for Turbines; Steam and Other Vapour Turbines in Iraq (FOB) - 2022
  3. Imports of Turbines; Steam and Other Vapour Turbines in Iraq
  4. Exports of Turbines; Steam and Other Vapour Turbines in Iraq

Price for Turbines; Steam and Other Vapour Turbines in Iraq (CIF) - 2022

The average import price for turbines; steam and other vapour turbineses stood at $263 thousand per unit in 2022, falling by -6.9% against the previous year. Overall, the import price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of 108% against the previous year. The import price peaked at $961 thousand per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 ($523 thousand per unit), while the price for Bahrain ($4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-9.7%), while the prices for the other major suppliers experienced a decline.

Price for Turbines; Steam and Other Vapour Turbines in Iraq (FOB) - 2022

The average export price for turbines; steam and other vapour turbineses stood at $5.1 thousand per unit in 2022, approximately equating the previous year. Overall, the export price, however, faced a drastic downturn. The growth pace was the most rapid in 2017 an increase of 452% against the previous year. Over the period under review, the average export prices hit record highs at $103 thousand per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -17.5% per year.

Imports of Turbines; Steam and Other Vapour Turbines in Iraq

In 2022, purchases abroad of turbines; steam and other vapour turbineses decreased by -85.2% to 39 units, falling for the second consecutive year after two years of growth. In general, imports showed a dramatic curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 15% against the previous year. As a result, imports reached the peak of 330 units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of turbines; steam and other vapour turbineses shrank dramatically to $10M in 2022. Overall, imports faced a dramatic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 7.9%. As a result, imports attained the peak of $138M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Turbines; Steam and Other Vapour Turbines in Iraq (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran65.510964.19.4-47.6%
Japan0.60.30.1N/A-59.2%
Germany25.614.23.5N/A-63.0%
South KoreaN/AN/AN/AN/A0%
BelgiumN/AN/AN/AN/A0%
China1.30.20.1N/A-72.3%
France1.00.50.1N/A-68.4%
India0.20.1N/AN/A-50.0%
Indonesia1.10.60.2N/A-57.4%
Czech Republic12.30.20.1N/A-91.0%
Italy0.8N/A0.1N/A-64.6%
BahrainN/AN/AN/AN/A0%
Canada0.10.1N/AN/A0.0%
Others19.913.76.10.7-67.2%
Total12813874.410.3-56.8%

Top Suppliers of Turbines; Steam and Other Vapour Turbines to Iraq in 2022:

  1. Iran (18.0 units)
  2. Canada (1.0 units)
  3. Bahrain (1.0 units)
  4. Italy (1.0 units)
  5. Czech Republic (1.0 units)
  6. Indonesia (1.0 units)
  7. India (1.0 units)
  8. France (1.0 units)
  9. China (1.0 units)
  10. Belgium (1.0 units)
  11. South Korea (1.0 units)
  12. Germany (1.0 units)
  13. Japan (1.0 units)

Exports of Turbines; Steam and Other Vapour Turbines in Iraq

For the third consecutive year, Iraq recorded decline in overseas shipments of turbines; steam and other vapour turbineses, which decreased by -50% to 1 units in 2022. In general, exports faced a precipitous curtailment. The smallest decline of -16.7% was in 2020. Over the period under review, the exports of attained the maximum at 6 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of turbines; steam and other vapour turbineses fell remarkably to $5.1K in 2022. Overall, exports continue to indicate a sharp decline. The smallest decline of -48.8% was in 2020. The exports peaked at $438K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Turbines; Steam and Other Vapour Turbines in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands4382249.75.1-77.3%
IndiaN/AN/A0.5N/A0%
OthersN/AN/AN/AN/A0%
Total43822410.35.1-77.3%

Top Export Markets for Turbines; Steam and Other Vapour Turbines from Iraq in 2022:

  1. Netherlands (1.0 units)

Source: IndexBox Market Intelligence Platform

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