Price for Electric Motors; of an Output Not Exceeding 37.5W in Iraq - 2022

Contents:

  1. Price for Electric Motors; of an Output Not Exceeding 37.5W in Iraq (CIF) - 2022
  2. Price for Electric Motors; of an Output Not Exceeding 37.5W in Iraq (FOB) - 2022
  3. Imports of Electric Motors; of an Output Not Exceeding 37.5W in Iraq
  4. Exports of Electric Motors; of an Output Not Exceeding 37.5W in Iraq

Price for Electric Motors; of an Output Not Exceeding 37.5W in Iraq (CIF) - 2022

The average import price for electric motors stood at $17 per unit in 2022, reducing by -16.3% against the previous year. Overall, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2016 an increase of 31%. The import price peaked at $41 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($45 per unit), while the price for Malaysia ($3.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.1%), while the prices for the other major suppliers experienced a decline.

Price for Electric Motors; of an Output Not Exceeding 37.5W in Iraq (FOB) - 2022

In 2022, the average export price for electric motors amounted to $43 per unit, with a decrease of -8.3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 31% against the previous year. The export price peaked at $72 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($88 per unit), while the average price for exports to the Netherlands ($1.7 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 Sweden (-0.0%), while the prices for the other major destinations experienced a decline.

Imports of Electric Motors; of an Output Not Exceeding 37.5W in Iraq

Imports of electric motors into Iraq surged to 280K units in 2022, jumping by 23% compared with the previous year. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 86% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of electric motors totaled $4.7M in 2022. Over the period under review, imports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Imports peaked at $5.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Electric Motors; of an Output Not Exceeding 37.5W in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India1,4951,1431,6781,249-5.8%
United Arab Emirates1,3016841,111888-12.0%
China25064774071742.1%
Iran1,12429025.2423-27.8%
United Kingdom1581024.042338.9%
Turkey23599.42392451.4%
United States13735.458.91411.0%
Germany265133285126-21.9%
Others4223304425076.3%
Total5,3863,4644,5844,719-4.3%

Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Iraq in 2022:

  1. United Arab Emirates (64.6K units)
  2. China (52.2K units)
  3. Turkey (39.4K units)
  4. Iran (30.8K units)
  5. India (27.9K units)
  6. United States (20.0K units)
  7. United Kingdom (16.1K units)
  8. Germany (6.0K units)

Exports of Electric Motors; of an Output Not Exceeding 37.5W in Iraq

Exports of electric motors from Iraq reduced notably to 13 units in 2022, declining by -23.5% on the previous year. Overall, exports faced a sharp reduction. Over the period under review, the exports of reached the peak figure at 230 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electric motors plummeted to $557 in 2022. In general, exports faced a sharp setback. The exports peaked at $12K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Electric Motors; of an Output Not Exceeding 37.5W in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden2.44.60.70.5-40.7%
FranceN/A1.3N/AN/A0%
Iran9.20.3N/AN/A-96.7%
NetherlandsN/A0.1N/AN/A0%
OthersN/AN/AN/AN/A0%
Total11.76.20.80.6-62.8%

Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Iraq in 2022:

  1. Sweden (6.0 units)
  2. Netherlands (6.0 units)
  3. Iran (1.0 units)

Source: IndexBox Market Intelligence Platform

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