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Iraq Autos Report Q2 2015

Iraq Autos Report Q2 2015

BMI View: The security situation in Iraq remains one of the biggest threats to the new car market. Indeed, we expect the car market to contract again in 2015, by 8%, as borders with major trading partners such as Jordan and Turkey are closed or threatened by heightened insurgent activity, stemming the flow of imports.

Jordan's Free Zone Investors Association reported that its total used car exports in 2014 fell to 91,000 from 112,000 in 2013, as Iraq is its main export market and the Karameh border crossing is 'almost closed'.

Turkey also reported a 10.1% decline in total goods exports to Iraq, which is its second-largest trading partner.

Given the threats to the logistics network in the north and west of the country, domestic production will become increasingly important as a means of fulfilling demand, especially for Iran Khodro Co (IKCO) and its proximity to Iran for the import of kits and components. The company cited a fall in transport costs, which are passed on to the consumer, and the availability of components and after-sales services as reasons for the success of its vehicles in Iraq and its decision to ramp up production.


BMI Industry View
SWOT
Political
Economic
Operational Risk
Industry Forecast
Table: Autos Total Market - Historical Data And Forecasts (Iraq 2013-2019)
Table: MENA Transport Network Risks
Production
Suppliers Take Advantage
Macroeconomic Forecasts
Iraq: Growth Forecasts Revised Downward
Table: MENA - Operational Risk
Industry Risk Reward Ratings
Middle East - Risk/Reward Index
GCC Still Dominates
Little Change Mid-Table
Conflicts Take Their Toll
Table: MENA Autos Risk/Reward Index
Company Profile
Company Monitor
GB Auto
State Company For Auto Industry
ZamZam Spring Group
Regional Overview
Middle East Overview
Table: MENA Autos Production Investments
Global Industry Overview
Africa Still The Growth Driver
Oil Prices A Boon For Importers
Regulation Driving Innovation
Table: Fuel Economy Targets By Geography
SUVs To Be Segment Of Choice
Demographic Forecast
Table: Population Headline Indicators (Iraq 1990-2025)
Table: Key Population Ratios (Iraq 1990-2025)
Table: Urban/Rural Population And Life Expectancy (Iraq 1990-2025)
Table: Population By Age Group (Iraq 1990-2025)
Table: Population By Age Group % (Iraq 1990-2025)
Methodology
Industry Forecasts
Sector-Specific Methodology
Sources
Risk/Reward Index Methodology
Table: Automotive Risk/Reward Index Indicators And Weighting Of Indicators

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