Iraq: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Iraq

The Iraqi market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA fell notably to $X in 2022, reducing by -15.4% 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). Overall, consumption showed a perceptible descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Iraq

In 2022, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Iraq plummeted to X units, with a decrease of -50% on 2021. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 169%. Over the period under review, the exports of attained the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA reduced notably to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by 130% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at -4.0%.

In value terms, Turkey ($X) emerged as the key foreign market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA exports from Iraq.

From 2012 to 2022, the average annual growth rate of value to Turkey stood at -13.7%.

Export Prices by Country

In 2022, the average export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, increasing by 65% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -10.2% per year.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Iraq

In 2022, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA into Iraq shrank to X units, which is down by -12% against the previous year. In general, imports, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 75%. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA shrank significantly to $X in 2022. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 57%. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X units), Turkey (X units) and China (X units) were the main suppliers of imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Iraq, with a combined 78% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +19.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA suppliers to Iraq were Turkey ($X), China ($X) and Lebanon ($X), together accounting for 70% of total imports. The UK, the United Arab Emirates, India, Germany and the Netherlands lagged somewhat behind, together comprising a further 21%.

India, with a CAGR of +5.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, waning by -7% against the previous year. In general, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2015 an increase of 27%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a 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 Lebanon ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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