Price for Machines; Parts and Accessories, of Heading No. 8472 in Iraq - 2022

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Iraq (CIF) - 2022
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Iraq (FOB) - 2022
3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Iraq
4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Iraq

Price for Machines; Parts and Accessories, of Heading No. 8472 in Iraq (CIF) - 2022

The average import price for machines; parts and accessories, of heading no. 8472 stood at $55,060 per ton in 2022, shrinking by -9.5% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 112%. Over the period under review, average import prices attained the peak figure at $116,510 per ton in 2012; however, from 2013 to 2022, import prices stood 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 South Korea ($283,454 per ton), while the price for China ($6,812 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+227.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Iraq (FOB) - 2022

The average export price for machines; parts and accessories, of heading no. 8472 stood at $25,667 per ton in 2020, shrinking by -10.5% against the previous year. Over the period under review, the export price saw a dramatic curtailment. The pace of growth appeared the most rapid in 2019 when the average export price decreased by -0.9% against the previous year. The export price peaked at $133,000 per ton in 2016; however, from 2017 to 2020, the export prices failed to regain momentum.

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

From 2016 to 2020, the rate of growth in terms of prices for South Korea amounted to -40.0% per year.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Iraq

In 2022, imports of machines; parts and accessories, of heading no. 8472 into Iraq skyrocketed to 17 tons, with an increase of 39% compared with 2021 figures. Overall, imports, however, showed a deep contraction.

In value terms, imports of machines; parts and accessories, of heading no. 8472 soared to $939K in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn.

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Iraq in 2022:

1. United Arab Emirates (8.1 tons)
2. China (2.3 tons)
3. Turkey (1.3 tons)
4. United Kingdom (1.3 tons)
5. Ukraine (1.1 tons)
6. United States (0.8 tons)
7. South Korea (0.8 tons)
8. France (0.4 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Iraq

In 2020, approx. 3 kg of machines; parts and accessories, of heading no. 8472 were exported from Iraq; remaining relatively unchanged against the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, exports of machines; parts and accessories, of heading no. 8472 reduced to $77 in 2020. Overall, exports saw a abrupt decrease.

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Iraq in 2022:

1. United Kingdom (3.0 kg)

Source: IndexBox Market Intelligence Platform