Iraq: Fork-Lift Truck Market 2025

Fork-Lift Truck Market Size in Iraq

For the fourth consecutive year, the Iraqi fork-lift truck market recorded growth in sales value, which increased by 34% to $X in 2022. In general, consumption, however, recorded a pronounced decrease. Fork-lift truck consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Fork-Lift Truck Exports

Exports from Iraq

In 2022, shipments abroad of fork-lift trucks decreased by 0% to X units, falling for the sixth year in a row after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 1,200%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, fork-lift truck exports reduced to $X in 2022. Overall, exports posted a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 1,970% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units), Turkey (X units) and Mozambique (X units) were the main destinations of fork-lift truck exports from Iraq.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X) emerged as the key foreign market for fork-lift trucks exports from Iraq, comprising 58% of total exports. The second position in the ranking was taken by Turkey ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Mozambique was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+18.6% per year) and the Czech Republic (+71.3% per year).

Export Prices by Country

The average fork-lift truck export price stood at $X per unit in 2022, reducing by -5.2% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 1,625% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to the Czech Republic ($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 the Czech Republic (+59.8%), while the prices for the other major destinations experienced mixed trend patterns.

Fork-Lift Truck Imports

Imports into Iraq

Fork-lift truck imports into Iraq soared to X units in 2022, picking up by 52% against 2021 figures. In general, imports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of 79%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fork-lift truck imports shrank to $X in 2022. Overall, imports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2018 with an increase of 55% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest fork-lift truck supplier to Iraq, accounting for a 69% share of total imports. Moreover, fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), sevenfold. Turkey (X units) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-12.2% per year) and Turkey (-21.6% per year).

In value terms, the largest fork-lift truck suppliers to Iraq were the United Arab Emirates ($X), China ($X) and Turkey ($X), together comprising 56% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +0.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average fork-lift truck import price stood at $X per unit in 2022, dropping by -36.2% against the previous year. Over the period under review, the import price showed a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 147% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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