Report Update Nov 1, 2024

Iraq - Horizontal Machining Centres for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in Iraq

The Iraqi horizontal machining centre market surged to $X in 2021, jumping by 31% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.0% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Horizontal Machining Centre Production in Iraq

In value terms, horizontal machining centre production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -22.0% against 2019 indices. Horizontal machining centre production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Horizontal Machining Centre Exports

Exports from Iraq

In 2021, the amount of horizontal machining centres for working metal exported from Iraq totaled less than X units, stabilizing at 2020. In general, exports saw a relatively flat trend pattern.

In value terms, horizontal machining centre exports totaled less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Horizontal Machining Centre Imports

Imports into Iraq

In 2021, the amount of horizontal machining centres for working metal imported into Iraq skyrocketed to X units, with an increase of 450% compared with the previous year. In general, imports, however, recorded a perceptible decrease. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, horizontal machining centre imports surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of horizontal machining centre to Iraq, accounting for a 55% share of total imports. Moreover, horizontal machining centre imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The United Arab Emirates (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and the United Arab Emirates (-23.4% per year).

In value terms, China ($X) constituted the largest supplier of horizontal machining centres for working metal to Iraq, comprising 80% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.3% share of total imports. It was followed by the United States, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-17.4% per year) and the United States (-40.3% per year).

Import Prices by Country

The average horizontal machining centre import price stood at $X per unit in 2021, picking up by 23% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, horizontal machining centre import price increased by +92.3% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 30%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a 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 China ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for horizontal machining centres for working metal in the world?

South Africa constituted the country with the largest volume of horizontal machining centre consumption, accounting for 47% of total volume. Moreover, horizontal machining centre consumption in South Africa exceeded the figures recorded by the second-largest consumer, Japan, sixfold. The Netherlands ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of horizontal machining centres for working metal in the world?

The countries with the highest volumes of horizontal machining centre production in 2021 were Japan, Taiwan Chinese) and South Korea, with a combined 84% share of global production. Germany, Switzerland and Spain lagged somewhat behind, together comprising a further 11%.

What are the leading suppliers of horizontal machining centres for working metal to Iraq?

In value terms, the largest horizontal machining centre suppliers to Iraq were the United States, Turkey and Germany.

What is the average import price for horizontal machining centres for working metal in Iraq?

The average horizontal machining centre import price stood at $43,890 per unit in 2021, waning by -2.3% against the previous year.

This report provides an in-depth analysis of the horizontal machining centre 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 28411220 - Horizontal machining centres for working metal

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