Iraq: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Iraq

The Iraqi market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps dropped to $X in 2021, with a decrease of -1.6% 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). In general, consumption, however, showed a relatively flat trend pattern. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Iraq

After two years of decline, shipments abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by 500% to X units in 2021. In general, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 1,046%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,653%. Over the period under review, the exports of reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Turkey (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Iraq, with a approx. 661% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled +45.8%.

In value terms, Turkey ($X) emerged as the key foreign market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps exports from Iraq.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +44.4%.

Export Prices by Country

In 2021, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, increasing by 8.8% against the previous year. Over the period under review, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 119% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Iran amounted to +29.6% per year.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Iraq

In 2021, the amount of hydraulic pumps (gear or vane) and other rotary positive displacement pumps imported into Iraq fell rapidly to X units, shrinking by -21.4% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 38%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps soared to $X in 2021. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 43% against the previous year. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of hydraulic pump (gear or vane) and other rotary positive displacement pump to Iraq, with a 88% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+17.0% per year) and Turkey (+11.4% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Iraq, comprising 39% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.0% per year) and the United Arab Emirates (+12.9% per year).

Import Prices by Country

The average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, with an increase of 79% against the previous year. In general, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform