After three years of growth, the Iraqi crane market fell -X% to $X in 2020. But overall, consumption growth was strong. The most significant growth rate occurred in 2008, when the market value increased by X% year-on-year. Crane consumption peaked at $X in 2013; however, from 2014 to 2020, consumption was at a lower level.
In 2020, the number of cranes, mobile cranes exported from Irak soared to X units, an increase of X% over 2019 figures. Overall, exports continued to show strong growth. The growth rate was the most significant in 2018, with exports increasing by X% year-on-year. Exports peaked in 2020 and are expected to keep growing for years to come.
Crane exports surged to $X in 2020 by value. Overall, exports continued to grow significantly. The fastest growth in 2018, with exports up X% year-on-year. Exports peaked in 2020 and may continue to grow in the short term.
The Belanda (X units) was the main destination for Iraqi crane exports, accounting for X% of total exports. In addition, the number of cranes exported to the Netherlands exceeded five times that to the second main destination, Turki (X units).
From 2007 to 2020, the average annual growth rate of freight traffic to the Netherlands was relatively modest.
In terms of value, the Netherlands ($X) emerged as the main foreign market for Iraqi crane exports, accounting for X% of total exports. In second place is Turkey ($X) with X% of total exports.
From 2007 to 2020, the average annual growth rate of value to the Netherlands was relatively modest.
In 2020, the supply of cranes, mobile cranes from abroad dropped -X% to X units for the first time since 2016, thus ending a three-year upward trend. Overall, however, imports have grown significantly. 2012 saw the fastest growth, with imports increasing by X% year-on-year. During the period under review, imports reached a maximum of X units in 2013; however, from 2014 to 2020, imports decreased slightly.
In value terms, crane imports fell sharply to $X in 2020. During the period under review, however, there was a significant increase in imports. In 2009, the growth rate was the fastest, with an increase of X% year-on-year. During the period under review, imports reached an all-time high of $X in 2014; however, from 2015 to 2020, imports failed to regain momentum.
In 2020, the Uni Emirat Arab (X units) was the largest crane supplier to Iraq, accounting for X% of total imports. In addition, cranes imported from the United Arab Emirates were eight times higher than the number recorded by the second largest supplier, Qatar (X units). Turkey (X units) ranks third with X% of total imports.
From 2007 to 2020, the average annual growth rate of exports from the United Arab Emirates reached +X%. The average annual growth rates of imports from the remaining suppliers are as follows: Qatar (+X% per annum) and Turkey (+X% per annum).
The United Arab Emirates ($X) is the largest crane supplier to Iraq by value, accounting for X% of total imports. In second place is Turkey ($X) with X% of total imports. It is followed by Qatar with an X% share.
From 2007 to 2020, the average annual value growth in the United Arab Emirates is +X%. The average annual growth rates of imports from the remaining suppliers are as follows: Turkey (+X% per annum) and Qatar (+X% per annum).
The United Arab Emirates is Iraq's largest supplier of cranes by value, accounting for 44% of total imports. In second place is Turkey, which accounts for 15% of total imports. It is followed by Qatar with a share of 5.6%.
In value terms, the Netherlands emerged as the main foreign market for Iraqi crane exports, accounting for 79% of total exports. In second place was Turkey, which accounted for 21% of total exports.
The average export price of cranes in 2020 was US$3,863 per unit, down -35.5% from the previous year.
In 2020, the average price of crane imports was US$14,316 per unit, down -20.5% from the previous year.
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