Iraq: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Iraq

In 2021, the Iraqi market for in-hand motor grinders, sanders and planers decreased by -17.9% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, saw a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2020, and then dropped remarkably in the following year.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Iraq

In 2021, approx. X units of in-hand motor grinders, sanders and planers were exported from Iraq; shrinking by -95.2% compared with the previous year's figure. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 1,667%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers dropped markedly to $X in 2021. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 1,539%. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Georgia (X units), the United Arab Emirates (X units) and Turkey (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Iraq.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Georgia ($X) were the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Iraq worldwide.

The United Arab Emirates, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, picking up by 18% against the previous year. Over the period under review, the export price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2019 an increase of 135%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+73.3%).

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Iraq

In 2021, purchases abroad of in-hand motor grinders, sanders and planers decreased by -22.1% to X units for the first time since 2016, thus ending a four-year rising trend. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2013 with an increase of 70%. Over the period under review, imports of attained the maximum at X units in 2020, and then fell sharply in the following year.

In value terms, imports of in-hand motor grinders, sanders and planers shrank sharply to $X in 2021. Over the period under review, imports, however, showed a strong expansion. The growth pace was the most rapid in 2013 when imports increased by 50% against the previous year. Over the period under review, imports of hit record highs at $X in 2020, and then shrank sharply in the following year.

Imports by Country

In 2021, China (X units) was the main electromechanical tools for working in the hand, with self-contained electric motor supplier to Iraq, with a 95% share of total imports. It was followed by the United Arab Emirates (X units), with a 2.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+7.1% per year) and Germany (+15.8% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Iraq, comprising 83% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.7% per year) and Germany (-7.2% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, picking up by 8.5% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2020 an increase of 13%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while the price for Germany ($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 (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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