Iraq: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Iraq

For the third year in a row, the Iraqi market for equipment for scaffolding, shuttering, propping or pit propping recorded decline in sales value, which decreased by -13.9% to $X in 2021. Overall, consumption saw a deep slump. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Iraq

In 2021, shipments abroad of equipment for scaffolding, shuttering, propping or pit propping increased by 27% to X tons, rising for the third consecutive year after four years of decline. Overall, exports, however, showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 28% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports amounted to $X in 2021. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 100%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from Iraq, with a 86% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to Turkey exceeded the volume sent to the second major destination, Romania (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled -20.7%.

In value terms, Turkey ($X) remains the key foreign market for equipment for scaffolding, shuttering, propping or pit propping exports from Iraq, comprising 95% of total exports. The second position in the ranking was taken by Romania ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey amounted to -19.1%.

Export Prices by Country

The average export price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, which is down by -17.7% against the previous year. Overall, the export price, however, showed a slight expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 124% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Romania totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+2.9%).

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Iraq

In 2021, approx. X tons of equipment for scaffolding, shuttering, propping or pit propping were imported into Iraq; dropping by -24.8% compared with 2020. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 85%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports reduced to $X in 2021. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 103% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of scaffolding, shuttering, and propping equipment to Iraq, accounting for a 61% share of total imports. Moreover, scaffolding, shuttering, and propping equipment imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+4.0% per year) and France (+66.0% per year).

In value terms, France ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the largest scaffolding, shuttering, and propping equipment suppliers to Iraq, with a combined 74% share of total imports.

In terms of the main suppliers, France, with a CAGR of +63.5%, recorded the highest growth rate of the value of imports, 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 equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, growing by 22% against the previous year. In general, the import price, however, recorded a pronounced decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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