The Iraqi market for pulley tackle and hoists powered by an electric motor soared to $X in 2021, picking up by X% 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, however, saw a deep contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.
In 2021, approximately less than X units of electric motor-driven pulley blocks and cranes were exported from Iraq; figures stabilized at 2020. Exports continued to decline sharply during the reporting period. In 2016, exports peaked at X units; however, from 2017 to 2021, exports failed to regain momentum.
In terms of value, the total export of 2021 Electric Pulley Blocks and Cranes is less than X USD. Overall, exports continued to grow significantly. The most notable growth rate was in 2017, when exports increased by X%. As a result, exports peaked at $X. From 2018 to 2021, China's export growth will remain at a slightly lower level.
Bahrain (X units) is the main export destination of Iraqi motor-driven pulley blocks and cranes, accounting for about X% of total exports.
From 2012 to 2017, Bahrain's average annual growth rate was relatively modest.
From 2012 to 2017, Bahrain experienced a relatively modest average annual growth rate in value.
In 2021, the number of pulley blocks and cranes driven by motors imported into Iraq surged to X units, an increase of X% compared to the previous year. Overall, however, imports have suffered serious setbacks. The growth rate was most notable in 2015, with imports up X% over the previous year. Thus, imports peak at X units. From 2016 to 2021, import growth remains at a slightly lower level.
In terms of value, in 2021, imports of pulley blocks and cranes driven by electric motors will reach USD X. Overall, however, imports continued to decline slightly. The growth rate was most pronounced in 2017, with imports up X% over the previous year. In 2015, imports peaked at $X; however, from 2016 to 2021, imports decreased.
In 2021, China (X units) is the main pulley blocks and cranes powered by Iraqi motor suppliers, accounting for X% of total imports. It was followed by Italy (X units), which accounted for X% of total imports. From 2012 to 2021, the average annual growth rate of transaction volume from China is +X%.
China ($X) was the largest supplier of electric pulley blocks and cranes to Iraq by value, accounting for X% of total imports. In second place is Italy ($X), which accounts for X% of total imports. From 2012 to 2021, the average annual growth rate of China's value reaches +X%.
In value terms, China constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Iraq, comprising 90% of total imports. The second position in the ranking was held by Italy, with a 7.2% share of total imports.
In 2017, the average export price for pulley tackle and hoists powered by an electric motor amounted to $3,569 per unit, with an increase of 1,385% against the previous year.
The average import price for pulley tackle and hoists powered by an electric motor stood at $88 per unit in 2021, dropping by -46.4% against the previous year.
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