Pumps; Parts Thereof Price in Iraq - 2022

Contents:

  1. Pumps; Parts Thereof Price in Iraq (CIF) - 2022
  2. Pumps; Parts Thereof Price in Iraq (FOB) - 2022
  3. Pumps; Parts Thereof Imports in Iraq
  4. Pumps; Parts Thereof Exports in Iraq

Pumps; Parts Thereof Price in Iraq (CIF) - 2022

In 2022, the average pumps; parts thereof import price amounted to $11,776 per ton, declining by -14.6% against the previous year. Overall, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 53%. Over the period under review, average import prices attained the peak figure at $36,965 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($213,424 per ton), while the price for Turkey ($4,151 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Pumps; Parts Thereof Price in Iraq (FOB) - 2022

In 2022, the average pumps; parts thereof export price amounted to $26,166 per ton, dropping by -10.7% against the previous year. Over the period under review, the export price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2016 an increase of 117% against the previous year. Over the period under review, the average export prices attained the maximum at $53,401 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($193,396 per ton), while the average price for exports to the United Arab Emirates ($10,345 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pumps; Parts Thereof Imports in Iraq

In 2022, approx. 4.6K tons of pumps; parts thereoves were imported into Iraq; rising by 61% against 2021 figures. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.9% 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 +82.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pumps; parts thereof imports surged to $55M in 2022. In general, imports, however, saw a deep reduction.

Import of Pumps; Parts Thereof in Iraq (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates52.313.911.217.4-30.7%
China6.47.28.312.224.0%
India2.42.74.09.055.4%
Turkey1.41.81.92.419.7%
United States5.54.33.01.9-29.8%
Others18.612.711.311.8-14.1%
Total86.642.639.754.5-14.3%

Top Suppliers of Pumps; Parts Thereof to Iraq in 2022:

  1. India (1575.3 tons)
  2. United Arab Emirates (1292.8 tons)
  3. China (948.3 tons)
  4. Turkey (569.0 tons)
  5. United States (38.8 tons)

Pumps; Parts Thereof Exports in Iraq

Pumps; parts thereof exports from Iraq surged to 2.9 tons in 2022, rising by 86% on the previous year's figure. In general, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 123%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pumps; parts thereof exports skyrocketed to $76K in 2022. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 69%. As a result, the exports reached the peak of $96K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Pumps; Parts Thereof in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A41.10%
TurkeyN/A41.1N/A9.3-52.4%
Oman0.12.23.45.5280.3%
India2.7N/AN/A5.426.0%
FranceN/AN/A0.33.1933.3%
HungaryN/AN/AN/A1.40%
United Arab Emirates1.248.4N/A0.3-37.0%
Ireland48.0N/AN/AN/A0%
GermanyN/AN/A12.0N/A0%
AzerbaijanN/AN/A1.5N/A0%
Iran0.2N/A13.4N/A718.5%
Others4.34.314.89.429.8%
Total56.796.045.575.510.0%

Top Export Markets for Pumps; Parts Thereof from Iraq in 2022:

  1. United States (2150.0 kg)
  2. Oman (301.0 kg)
  3. France (97.0 kg)
  4. Hungary (76.0 kg)
  5. India (59.0 kg)
  6. Turkey (48.0 kg)
  7. United Arab Emirates (29.0 kg)

Source: IndexBox Market Intelligence Platform

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