Iraq: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Iraq

The Iraqi market for parts of harvester and threshers rose sharply to $X in 2021, increasing by 10% 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). Over the period under review, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Exports of Parts Of Harvester And Threshers

Exports from Iraq

After nine years of growth, shipments abroad of parts of harvester and threshers decreased by -78.5% to X units in 2021. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 975% against the previous year. As a result, the exports reached the peak of X units, and then dropped rapidly in the following year.

In value terms, parts of harvester and threshers exports dropped notably to $X in 2021. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 887%. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

The Netherlands (X units) was the main destination for parts of harvester and threshers exports from Iraq, accounting for a 49% share of total exports. Moreover, parts of harvester and threshers exports to the Netherlands exceeded the volume sent to the second major destination, China (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for parts of harvester and threshers exports from Iraq, comprising 49% of total exports. The second position in the ranking was held by China ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, surging by 91% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-13.5%).

Imports of Parts Of Harvester And Threshers

Imports into Iraq

In 2021, approx. X units of parts of harvester and threshers were imported into Iraq; with an increase of 16% against 2020 figures. Over the period under review, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by 802% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, parts of harvester and threshers imports rose significantly to $X in 2021. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 983%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Turkey (X units) constituted the largest parts of harvester and threshers supplier to Iraq, with a 50% share of total imports. Moreover, parts of harvester and threshers imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X units), threefold. China (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+20.4% per year) and China (+26.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of parts of harvester and threshers to Iraq, comprising 39% of total imports. The second position in the ranking was taken by Poland ($X), with a 12% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey stood at +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+31.3% per year) and China (+30.6% per year).

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, declining by -8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 25%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Iran ($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 Netherlands (+35.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform