Iraq: Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process 2024

Market Size for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Iraq

The Iraqi market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process dropped modestly to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw noticeable growth. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Exports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Exports from Iraq

In 2022, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Iraq stood at X units, standing approx. at the previous year. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process plummeted to $X in 2022. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X units), Turkey (X units) and Italy (X units) were the main destinations of exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Iraq, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process exports from Iraq, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the average export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $X per unit, waning by X% against the previous year. Overall, the export price, however, showed a moderate increase. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Iran ($X 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 (X%).

Imports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Imports into Iraq

Imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process into Iraq dropped to X units in 2022, declining by X% against the previous year's figure. Overall, imports, however, saw prominent growth. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process contracted to $X in 2022. In general, imports, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Turkey (X units) and South Korea (X units) were the main suppliers of imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process to Iraq, with a combined X% share of total imports. Germany, Italy, India, Iran, Belgium, the United Arab Emirates and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), India ($X) and Turkey ($X) were the largest machinery for material treatment by heating or cooling process suppliers to Iraq, together comprising X% of total imports. China, South Korea, the United Arab Emirates, Italy, Belgium, Iran and Russia lagged somewhat behind, together comprising a further X%.

Iran, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 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 India ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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