In 2021, the Iraqi lifting equipment market fell -X% to $X for the first time since 2018, ending a two-year uptrend. Overall, however, consumption showed significant growth. As a result, consumption peaked at X dollars, then dropped significantly the following year.

Import scale of lifting equipment in Iraq
In 2021, foreign supplies of lifting equipment fell -X% to X units for the first time since 2018, ending a two-year upward trend. Overall, however, imports have grown significantly. The most significant growth rate occurred in 2020, when imports increased by X%. As a result, imports peaked at X units and then decreased significantly in the following year.

In terms of value, imports of lifting equipment are significantly reduced to $X in 2021. During the review period, imports fell significantly. The most significant growth rate occurred in 2013, when imports increased by X%. As a result, imports peaked at X dollars. From 2014 to 2021, the growth rate of imports will remain at a low level.

In 2021, the UK (X units) is Iraq’s main supplier of lifting equipment, accounting for X% of total imports. In addition, imports of lifting equipment from the UK were more than ten times higher than the figures recorded by the second largest supplier, Belgium (X units).

From 2012 to 2021, the average annual growth rate of sales from the UK is +X%.

United Kingdom (X USD) is the largest lifting equipment supplier to Iraq by value, accounting for X% of total imports. In second place is Belgium ($X) with X% of total imports.

From 2012 to 2021, the average annual growth in value from the UK totals +X%.

Statistics of various crane suppliers in Iraq
The UK is Iraq’s largest supplier of lifting equipment by value, accounting for 64% of total imports. In second place was Belgium, which accounted for 4.3% of total imports.

The average import price of lifting equipment in 2021 is $1,132 per unit, unchanged from the previous year.

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Iraq: Lifting Equipment Market Analysis 2022