Report Update Nov 1, 2024

Iraq - Iron or Steel Nuts (Including Self-Locking Nuts) - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Iraq

In 2021, the Iraqi metal self-locking nut market decreased by -34.7% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, showed a temperate expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted markedly in the following year.

Metal Self-Locking Nut Exports

Exports from Iraq

For the third consecutive year, Iraq recorded decline in shipments abroad of iron or steel nuts (including self-locking nuts), which decreased by -16.1% to X kg in 2021. In general, exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2018 with an increase of 792%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal self-locking nut exports expanded significantly to $X in 2021. Overall, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2018 with an increase of 809%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X kg) was the main destination for metal self-locking nut exports from Iraq, accounting for a 96% share of total exports. Moreover, metal self-locking nut exports to Turkey exceeded the volume sent to the second major destination, China (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to -36.0%.

In value terms, Turkey ($X) remains the key foreign market for iron or steel nuts (including self-locking nuts) exports from Iraq, comprising 79% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at -24.6%.

Export Prices by Country

The average metal self-locking nut export price stood at $X per ton in 2021, growing by 33% against the previous year. Overall, the export price saw buoyant growth. The growth pace was the most rapid in 2016 when the average export price increased by 91% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+59.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports into Iraq

After two years of growth, overseas purchases of iron or steel nuts (including self-locking nuts) decreased by -32.3% to X tons in 2021. Over the period under review, imports, however, continue to indicate a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of 69% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then dropped significantly in the following year.

In value terms, metal self-locking nut imports reduced notably to $X in 2021. In general, imports, however, continue to indicate moderate growth. The pace of growth was the most pronounced in 2019 when imports increased by 101% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then contracted sharply in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal self-locking nut to Iraq, with a 84% share of total imports. Moreover, metal self-locking nut imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-9.9% per year) and the United Arab Emirates (+7.4% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel nuts (including self-locking nuts) to Iraq, comprising 71% of total imports. The second position in the ranking was held by Turkey ($X), with a 7.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.3% per year) and the United Arab Emirates (+8.6% per year).

Import Prices by Country

The average metal self-locking nut import price stood at $X per ton in 2021, with a decrease of -7.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2014 an increase of 41%. The import price peaked at $X per ton in 2020, and then contracted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.5%), 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 iron or steel nuts (including self-locking nuts) in the world?

The countries with the highest volumes of in 2021 were Canada, the United States and China, together accounting for 39% of global consumption. India, Brazil, Germany, Japan, Spain, Italy, Mexico, South Korea, Turkey and Russia lagged somewhat behind, together comprising a further 36%.

What are the largest producers of iron or steel nuts (including self-locking nuts) in the world?

China remains the largest metal self-locking nut producing country worldwide, accounting for 49% of total volume. Moreover, metal self-locking nut production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), fivefold. India ranked third in terms of total production with a 10% share.

What are the leading suppliers of iron or steel nuts (including self-locking nuts) to Iraq?

In value terms, China constituted the largest supplier of metal self-locking nut to Iraq, comprising 83% of total imports. The second position in the ranking was occupied by Turkey, with a 4.7% share of total imports. It was followed by the United Arab Emirates, with a 3.2% share.

What are the leading importers of iron or steel nuts (including self-locking nuts) from Iraq?

In value terms, Indonesia $247), Turkey $195) and Ghana $90) appeared to be the largest markets for metal self-locking nut exported from Iraq worldwide, with a combined 95% share of total exports. China lagged somewhat behind, comprising a further 4.7%.

What is the average export price for iron or steel nuts (including self-locking nuts) in Iraq?

The average metal self-locking nut export price stood at $2,828 per ton in 2021, which is down by -9.3% against the previous year.

What is the average import price for iron or steel nuts (including self-locking nuts) in Iraq?

The average metal self-locking nut import price stood at $3,494 per ton in 2021, dropping by -7.7% against the previous year.

This report provides an in-depth analysis of the metal self-locking nut 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 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)

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
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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
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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