Iraq: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2025

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Iraq

The Iraqi self-propelled non-electric fork-lift truck market contracted modestly to $X in 2022, dropping by -4.3% 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). Over the period under review, consumption recorded a pronounced decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Iraq

In 2022, after three years of decline, there was decline in overseas shipments of self-propelled fork-lift trucks with non-electric motor, when their volume decreased by 0% to X units. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 350%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, self-propelled non-electric fork-lift truck exports soared to $X in 2022. Over the period under review, exports recorded mild growth. The most prominent rate of growth was recorded in 2013 when exports increased by 2,122% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for self-propelled non-electric fork-lift truck exports from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) also remains the key foreign market for self-propelled fork-lift trucks with non-electric motor exports from Iraq.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +23.1%.

Export Prices by Country

The average self-propelled non-electric fork-lift truck export price stood at $X per unit in 2022, with an increase of 113% against the previous year. Over the period under review, the export price recorded a remarkable increase. The growth pace was the most rapid in 2013 when the average export price increased by 1,566%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +23.1% per year.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Iraq

In 2022, imports of self-propelled fork-lift trucks with non-electric motor into Iraq fell to X units, waning by -2.9% against 2021 figures. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 when imports increased by 91%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, self-propelled non-electric fork-lift truck imports contracted slightly to $X in 2022. Overall, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2018 when imports increased by 94% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and the UK (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to Iraq, with a combined 62% share of total imports. Singapore, Poland, the Netherlands, Germany, Turkey, Japan and South Korea lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +42.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and the UK ($X) constituted the largest self-propelled non-electric fork-lift truck suppliers to Iraq, together accounting for 62% of total imports. Japan, Singapore, Turkey, the Netherlands, Germany, Poland and South Korea lagged somewhat behind, together accounting for a further 13%.

Poland, with a CAGR of +70.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, with a decrease of -2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 39% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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 Japan ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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