The Iraqi Transport and Overhead Crane Market Soars to $X in 2021, Up X% YoY. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers’ profits, which will be included in the final consumer price). Overall, however, there has been a sharp decline in consumption. Consumption of transport and overhead cranes peaked at $X in 2016; however, consumption is at a lower level from 2017 to 2021.
Iraq’s Overhead Crane and Gantry Crane Export Scale
In 2021, overseas shipments of haulage cranes, gantry cranes and overhead cranes finally picked up, reaching X units for the first time since 2016, ending a four-year downward trend. Overall, exports have grown significantly. The fastest growth in 2016, exports increased by X% year-on-year. As a result, exports peaked at X units. From 2017 to 2021, the export growth rate will remain at a low level.
Transportation and Overhead Crane Exports Soar to X Dollars in 2021 by Value. Overall, exports continue to show resilient growth. Exports peaked at $X in 2015; however, from 2016 to 2021, exports failed to regain momentum.
Serbia (X units) was the main destination for Iraqi transport and overhead crane exports, accounting for X% of total exports. In addition, twice as many transport and overhead cranes were exported to Serbia as to the second main destination, Italy (X units).
From 2012 to 2021, the average annual growth rate of shipments to Serbia will total +X%.
Serbia ($X) and Italy ($X) are the world’s largest markets for transport and overhead cranes exported from Iraq in value terms. As far as the main destination countries are concerned, during the period under review, Italy had the highest growth rate in export value with a CAGR of +X%.
Import Scale of Overhead Cranes and Gantry Cranes in Iraq
In 2021, approximately X transport cranes, gantry cranes and overhead cranes were imported into Iraq; an increase of X% compared to the previous year. Overall, however, imports contracted sharply. During the period under review, imports reached a maximum of X units in 2016; however, from 2017 to 2021, imports decreased slightly.
Imports of transport and overhead cranes soar to $X in 2021 by value. Overall, however, 3 ton gantry crane imports fell suddenly. During the period under review, imports reached a maximum value of X dollars in 2016; however, from 2017 to 2021, imports decreased slightly.
Saudi Arabia (X units), China (X units) and Turkey (X units) are the main suppliers of Iraqi imported transport and overhead cranes, together accounting for X% of total imports.
From 2012 to 2021, the largest increase was in China (+X%), while purchases by other leaders declined.
China (USD X) is Iraq’s largest supplier of transport and overhead cranes by value, accounting for X% of total imports. In second place is Turkey ($X) with X% of total imports. It is followed by Saudi Arabia with an X% share.
From 2012 to 2021, the average annual growth rate of value from China totals +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Turkey (-X% per annum) and Saudi Arabia (-X% per annum).
Statistics of various crane suppliers in Iraq
China is Iraq’s largest supplier of transport and overhead cranes by value, accounting for 67% of total imports. In second place is Turkey with 12% of total imports. It is followed by Saudi Arabia with a share of 6.3%.
In terms of value, Serbia and Italy constitute the world’s largest markets for transport and overhead cranes exported from Iraq.
The average export price for transport and overhead cranes in 2021 is $8,870 per unit, an increase of 38% from the previous year.
In 2021, the average import price of transport and overhead cranes is $1,743 per unit, down -32% from the previous year.
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