Weaving Machines (Looms) Price in Iraq - 2022
Contents:
Weaving Machines (Looms) Price in Iraq (CIF) - 2022
In 2022, the average weaving machines (looms) import price amounted to $10,569 per unit, picking up by 15% against the previous year. In general, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 868% against the previous year. As a result, import price attained the peak level of $63,996 per unit. From 2015 to 2022, the average import prices remained 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 Jordan ($37,957 per unit), while the price for the United Arab Emirates ($3,970 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1,472.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Imports in Iraq
For the third consecutive year, Iraq recorded decline in purchases abroad of weaving machines (looms)s, which decreased by -86% to 7 units in 2022. Over the period under review, imports saw a dramatic descent. The smallest decline of -25.4% was in 2021. Over the period under review, imports hit record highs at 574 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, weaving machines (looms) imports declined sharply to $74K in 2022. Overall, imports continue to indicate a sharp downturn. The smallest decline of -53.1% was in 2021. Over the period under review, imports reached the peak figure at $2.9M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Weaving Machines (Looms) in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | N/A | N/A | N/A | 38.0 | 0% |
| Turkey | 163 | 357 | 3.7 | 14.9 | -55.0% |
| China | 221 | 160 | 106 | 12.9 | -61.2% |
| Iran | 0.7 | 0.3 | 4.8 | 4.3 | 83.1% |
| United Arab Emirates | 5.2 | 5.4 | 4.7 | 4.0 | -8.4% |
| Belgium | 2,475 | 73.1 | N/A | N/A | -97.0% |
| Taiwan (Chinese) | N/A | N/A | 339 | N/A | 0% |
| Others | N/A | 382 | N/A | N/A | 0% |
| Total | 2,865 | 978 | 458 | 74.0 | -70.4% |
Top Suppliers of Weaving Machines (Looms) to Iraq in 2022:
- Turkey (2.0 units)
- China (2.0 units)
- United Arab Emirates (1.0 units)
- Jordan (1.0 units)
- Iran (1.0 units)
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