Iraq: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Iraq

The Iraqi market for electric generating sets and rotary converters fell dramatically to $X in 2020, with a decrease of -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 continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from Iraq

Exports of electric generating sets and rotary converters from Iraq surged to X units in 2020, rising by X% on 2019 figures. Over the period under review, exports recorded a significant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of electric generating sets and rotary converters soared to $X in 2020. In general, exports showed a resilient expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Serbia (X units), Turkey (X units) and Montenegro (X units) were the main destinations of exports of electric generating sets and rotary converters from Iraq, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Serbia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X) remains the key foreign market for electric generating set and rotary converter exports from Iraq, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by North Macedonia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Serbia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and North Macedonia (X% per year).

Export Prices by Country

The average export price for electric generating sets and rotary converters stood at $X per unit in 2020, which is down by -X% against the previous year. In general, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per unit in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Montenegro ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Generating Sets And Rotary Converters

Imports into Iraq

In 2020, supplies from abroad of electric generating sets and rotary converters decreased by -X% to X units, falling for the fourth consecutive year after three years of growth. In general, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at X units in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters reduced dramatically to $X in 2020. Over the period under review, imports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the United Arab Emirates (X units) constituted the largest supplier of electric generating set and rotary converter to Iraq, accounting for a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X units), more than tenfold. Lebanon (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the United Arab Emirates amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+X% per year) and Lebanon (+X% per year).

In value terms, the largest electric generating set and rotary converter suppliers to Iraq were China ($X), Lebanon ($X) and the United Arab Emirates ($X), together accounting for X% of total imports. These countries were followed by Saudi Arabia and Kazakhstan, which together accounted for a further X recorded 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 electric generating sets and rotary converters stood at $X per unit in 2020, increasing by X% against the previous year. Over the period under review, import price indicated a measured expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, import price for electric generating sets and rotary converters increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per unit; afterwards, it flattened through to 2020.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per unit), while the price for Kazakhstan ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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