Report Update Nov 1, 2024

Iraq - Fork-Lift Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Fork-Lift Truck Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for fork-lift trucks in the world?

China constituted the country with the largest volume of fork-lift truck consumption, accounting for 42% of total volume. Moreover, fork-lift truck consumption in China exceeded the figures recorded by the second-largest consumer, South Africa, threefold. The Netherlands ranked third in terms of total consumption with a 3.7% share.

What are the largest producers of fork-lift trucks in the world?

China constituted the country with the largest volume of fork-lift truck production, accounting for 73% of total volume. Moreover, fork-lift truck production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was occupied by Japan, with a 3.2% share.

What are the leading suppliers of fork-lift trucks to Iraq?

In value terms, the United Arab Emirates, China and Turkey were the largest fork-lift truck suppliers to Iraq, with a combined 50% share of total imports.

What are the leading importers of fork-lift trucks from Iraq?

In value terms, Serbia remains the key foreign market for fork-lift truck exports from Iraq, comprising 73% of total exports. The second position in the ranking was occupied by Georgia, with a 12% share of total exports. It was followed by Greece, with a 5.6% share.

What is the average export price for fork-lift trucks in Iraq?

The average fork-lift truck export price stood at $8,688 per unit in 2021, with an increase of 132% against the previous year.

What is the average import price for fork-lift trucks in Iraq?

The average fork-lift truck import price stood at $1,878 per unit in 2021, increasing by 333% against the previous year.

This report provides an in-depth analysis of the fork-lift truck market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221513 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height . 1 m
Prodcom 28221515 - Self-propelled fork-lift trucks powered by an electric motor, w ith a lifting height < 1 m
Prodcom 28221530 - Self-propelled trucks fitted with lifting or handling equipment, n on-powered by an electric motor
Prodcom 28221550 - Fork-lift trucks and other works trucks fitted with lifting or handling equipment (excluding self-propelled trucks)

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023