Report Update Nov 1, 2024

Iraq - Machinery for Packing or Wrapping - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Machinery For Packing Market 2024

Machinery For Packing Market Size in Iraq

The Iraqi machinery for packing market reduced to $X in 2022, dropping by -12.3% 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, saw buoyant growth. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Machinery For Packing Exports

Exports from Iraq

In 2022, machinery for packing exports from Iraq reduced remarkably to X units, with a decrease of -54.8% against the previous year's figure. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 382%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, machinery for packing exports dropped markedly to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 371%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for machinery for packing exports from Iraq, with a 83% share of total exports. Moreover, machinery for packing exports to Turkey exceeded the volume sent to the second major destination, Egypt (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+0.6% per year) and Bulgaria (-35.7% per year).

In value terms, Turkey ($X) remains the key foreign market for machinery for packing or wrapping exports from Iraq, comprising 72% of total exports. The second position in the ranking was taken by Egypt ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-5.0% per year) and Bulgaria (-37.7% per year).

Export Prices by Country

The average machinery for packing export price stood at $X per unit in 2022, increasing by 34% against the previous year. In general, the export price showed a strong increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 50%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.8%), while the prices for the other major destinations experienced a decline.

Machinery For Packing Imports

Imports into Iraq

In 2022, after seven years of growth, there was significant decline in supplies from abroad of machinery for packing or wrapping, when their volume decreased by -6.2% to X units. Overall, imports, however, saw a strong increase. The growth pace was the most rapid in 2015 with an increase of 70%. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, machinery for packing imports fell sharply to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 100% 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

Turkey (X units), Iran (X units) and China (X units) were the main suppliers of machinery for packing imports to Iraq, together comprising 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +37.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Germany ($X) and the United Arab Emirates ($X) appeared to be the largest machinery for packing suppliers to Iraq, together accounting for 52% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +22.2%, recorded 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

The average machinery for packing import price stood at $X per unit in 2022, dropping by -15.8% against the previous year. Over the period under review, the import price saw a perceptible slump. The pace of growth was the most pronounced in 2019 an increase of 77%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Iran ($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 Arab Emirates (+17.3%), 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 machinery for packing or wrapping in the world?

China constituted the country with the largest volume of machinery for packing consumption, accounting for 24% of total volume. Moreover, machinery for packing consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Japan ranked third in terms of total consumption with a 5% share.

What are the largest producers of machinery for packing or wrapping in the world?

The countries with the highest volumes of machinery for packing production in 2020 were China, Italy and Germany, with a combined 57% share of global production. These countries were followed by India, Japan, Turkey, Taiwan Chinese), Brazil, the United States, the Netherlands, Saudi Arabia and Spain, which together accounted for a further 32%.

What are the leading suppliers of machinery for packing or wrapping to Iraq?

In value terms, Turkey constituted the largest supplier of machinery for packing to Iraq, comprising 36% of total imports. The second position in the ranking was occupied by Italy, with a 13% share of total imports. It was followed by Iran, with a 9.6% share.

What are the leading importers of machinery for packing or wrapping from Iraq?

In value terms, Turkey remains the key foreign market for machinery for packing exports from Iraq.

What is the average export price for machinery for packing or wrapping in Iraq?

The average machinery for packing export price stood at $378 per unit in 2020, dropping by -39.6% against the previous year.

What is the average import price for machinery for packing or wrapping in Iraq?

The average machinery for packing import price stood at $286 per unit in 2020, falling by -31.5% against the previous year.

This report provides an in-depth analysis of the machinery for packing 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 28292180 - Machinery for packing or wrapping (excluding for filling, c losing, sealing, capsuling or labelling bottles, cans, boxes, b ags or other containers)

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