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Report Iraq - Machine-Tools for Drilling, Boring or Milling Metal - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Iraq - Machine-Tools for Drilling, Boring or Milling Metal - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Iraq

The Iraqi machine-tool for drilling market skyrocketed to $X in 2022, increasing by 149% 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). Overall, consumption showed a prominent expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Machine-Tool For Drilling Exports

Exports from Iraq

In 2020, overseas shipments of machine-tools for drilling, boring or milling metal decreased by 0% to X units for the first time since 2017, thus ending a two-year declining trend. In general, exports showed a significant decrease. The pace of growth was the most pronounced in 2017 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2020, the exports remained at a lower figure.

In value terms, machine-tool for drilling exports surged to $X in 2020. Overall, exports recorded a mild downturn. The exports peaked at $X in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

Exports by Country

India (X units) was the main destination for machine-tool for drilling exports from Iraq, with a approx. 100% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of volume to India was relatively modest.

From 2013 to 2020, the average annual rate of growth in terms of value to India was relatively modest.

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2020, therefore, remained relatively stable against the previous year. In general, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 2,217%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2020, the average export prices failed to regain momentum.

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

From 2013 to 2020, the rate of growth in terms of prices for the UK amounted to 0.0% per year.

Machine-Tool For Drilling Imports

Imports into Iraq

In 2022, machine-tool for drilling imports into Iraq skyrocketed to X units, with an increase of 172% on the previous year. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 216% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, machine-tool for drilling imports skyrocketed to $X in 2022. In general, imports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 63%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X units) constituted the largest supplier of machine-tool for drilling to Iraq, accounting for a 38% share of total imports. Moreover, machine-tool for drilling imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fourfold. The third position in this ranking was held by Turkey (X units), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +54.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.5% per year) and Turkey (+5.9% per year).

In value terms, the largest machine-tool for drilling suppliers to Iraq were Saudi Arabia ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined 57% share of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +43.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average machine-tool for drilling import price amounted to $X per unit, reducing by -56.8% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by 127% against the previous year. As a result, import price attained the peak level of $X per unit. 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 States ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+31.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of machine-tool for drilling consumption, accounting for 27% of total volume. Moreover, machine-tool for drilling consumption in China exceeded the figures recorded by the second-largest consumer, Japan, fourfold. India ranked third in terms of total consumption with a 6.9% share.
The countries with the highest volumes of machine-tool for drilling production in 2021 were China, the Netherlands and Japan, with a combined 56% share of global production.
In value terms, Turkey, Belgium and China were the largest machine-tool for drilling suppliers to Iraq, together accounting for 52% of total imports. The United Arab Emirates, Germany, Italy and Sweden lagged somewhat behind, together accounting for a further 24%.
In value terms, Italy remains the key foreign market for machine-tool for drilling exports from Iraq.
The average machine-tool for drilling export price stood at $4,056 per ton in 2021, falling by -56.2% against the previous year.
The average machine-tool for drilling import price stood at $11,133 per ton in 2021, which is down by -28.7% against the previous year.

This report provides an in-depth analysis of the machine-tool for drilling 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 28412213 - Numerically controlled drilling machines for working metal (excluding way-type unit head machines)
  • Prodcom 28412217 - Numerically controlled knee-type milling machines for working metal (excluding boring-milling machines)
  • Prodcom 28412223 - Numerically controlled tool-milling machines for working metal (excluding boring-milling machines, knee-type machines)
  • Prodcom 28412225 - Numerically controlled milling machines for working metal (including plano-milling machines) (excluding boring-milling machines, knee-type, tool-milling machines)
  • Prodcom 28412233 - Way-type unit heads for working metal by drilling, boring, m illing, threading or tapping
  • Prodcom 28412235 - Non-numerically controlled drilling machines for working metal (excluding way-type unit head machines)
  • Prodcom 28412240 - Numerically controlled boring and boring-milling machines for working metal (excluding drilling machines)
  • Prodcom 28412260 - Non-numerically controlled boring and boring-milling machines for working metal (excluding drilling machines)
  • Prodcom 28412270 - Non-numerically controlled milling machines for working metal (excluding boring-milling machines)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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