Report Update Nov 1, 2024

Iraq - Iron or Steel Spring Washers - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Iraq

The Iraqi metal spring washer market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption showed buoyant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal Spring Washer Exports

Exports from Iraq

In 2019, after three years of decline, there was significant growth in overseas shipments of iron or steel spring washers, when their volume increased by 3,730% to X kg. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal spring washer exports surged to $X in 2019. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X kg) was the main destination for metal spring washer exports from Iraq, with a 88% share of total exports. Moreover, metal spring washer exports to Nigeria exceeded the volume sent to the second major destination, Ghana (X kg), sevenfold.

From 2015 to 2019, the average annual rate of growth in terms of volume to Nigeria was relatively modest.

In value terms, Nigeria ($X) emerged as the key foreign market for iron or steel spring washers exports from Iraq, comprising 93% of total exports. The second position in the ranking was held by Ghana ($X), with a 7.2% share of total exports.

From 2015 to 2019, the average annual rate of growth in terms of value to Nigeria was relatively modest.

Export Prices by Country

In 2019, the average metal spring washer export price amounted to $X per ton, with an increase of 44% against the previous year. Over the period under review, the export price, however, saw a dramatic curtailment. The export price peaked at $X per ton in 2015; however, from 2016 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2019, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Ghana totaled $X per ton.

From 2015 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (-35.8%).

Metal Spring Washer Imports

Imports into Iraq

In 2022, the amount of iron or steel spring washers imported into Iraq soared to X tons, picking up by 38% on the previous year's figure. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 101% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, metal spring washer imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 93% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal spring washer supplier to Iraq, accounting for a 89% share of total imports. Moreover, metal spring washer imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-13.7% per year) and Turkey (-10.2% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel spring washers to Iraq, comprising 54% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-13.3% per year) and Turkey (-1.4% per year).

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, growing by 9.5% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 an increase of 136%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.7%), 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 spring washers in the world?

China constituted the country with the largest volume of metal spring washer consumption, accounting for 24% of total volume. Moreover, metal spring washer consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.4% share.

What are the largest producers of iron or steel spring washers in the world?

China constituted the country with the largest volume of metal spring washer production, accounting for 32% of total volume. Moreover, metal spring washer production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with a 10% share.

What are the leading suppliers of iron or steel spring washers to Iraq?

In value terms, China, the United Arab Emirates and Japan constituted the largest metal spring washer suppliers to Iraq, together comprising 76% of total imports. These countries were followed by Turkey, Hungary, Italy and Canada, which together accounted for a further 10%.

What is the average export price for iron or steel spring washers in Iraq?

The average metal spring washer export price stood at $7,714 per ton in 2019, jumping by 21% against the previous year.

What is the average import price for iron or steel spring washers in Iraq?

In 2021, the average metal spring washer import price amounted to $5,851 per ton, waning by -61.3% against the previous year.

This report provides an in-depth analysis of the metal spring washer 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 25941210 - Iron or steel spring washers and other lock washers

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