Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Iraq - 2022
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Iraq (CIF) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Iraq
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Iraq (CIF) - 2022
In 2022, the average import price for tools; for working in the hand, pneumatic, other than rotary type amounted to $26 per unit, growing by 4.5% against the previous year. In general, the import price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 79% against the previous year. The import price peaked at $112 per unit in 2016; however, from 2017 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 the United Arab Emirates ($283 per unit), while the price for China ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Iraq
In 2022, approx. 157K units of tools; for working in the hand, pneumatic, other than rotary type were imported into Iraq; increasing by 45% on the previous year's figure. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at 159K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type surged to $4.1M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Iraq (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.7 | 2.1 | 1.6 | 2.5 | 13.7% |
United Arab Emirates | 0.5 | 1.2 | 0.9 | 1.1 | 30.1% |
Others | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
Total | 2.4 | 3.6 | 2.7 | 4.1 | 19.5% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Iraq in 2022:
- China (151.0K units)
- United Arab Emirates (3.9K units)
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