Iraq Logistics & Frieght Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 7.24 Billion |
| Market Size (2029) | USD 9.78 Billion |
| CAGR (2024 - 2029) | 6.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Iraq Logistics & Frieght Market Analysis
The Iraq Freight & Logistics Market size is estimated at USD 7.24 billion in 2024, and is expected to reach USD 9.78 billion by 2029, growing at a CAGR of 6.20% during the forecast period (2024-2029).
- The Transport Ministry and the Construction & Housing Ministry are both in charge of managing Iraq's transportation infrastructure. The Transport Ministry is responsible for the port, railroad, and airport infrastructure, while the Construction & Housing Ministry is in charge of the road network. Coordination between two ministries is required to create an integrated transport infrastructure, which would be a challenging task even without the additional complexity of differing political allegiances between the heads of various sectors of both organizations.
- The Construction & Housing Ministry is aware that a national transportation strategy should be integrated with network enhancements for the roads. Both a significant rural dirt road network and more than 44,000 kilometers of paved motorways can be found in Iraq. The principal surface transportation links connecting Iraq to its neighbours are the highway and bridge systems. An efficient road system encourages domestic trade while supporting tourists and connecting the nation's population centres to key services.
- As Iraqi Airways continues to maintain its elderly fleet, the country's civil aviation industry is advancing toward ICAS compliance. The goal of the Iraqi Civil Aviation Authority (ICAA) is to develop an organisation of aviation professionals committed to excellence on the ground and in the air that is results-based and value-driven. To provide a competitive alternative to other Middle Eastern ports and even the Suez Canal, Iraq's grandiose plans for its future mega-port would rely on overload transhipment to Turkey, which would be provided by state-owned Iraqi Republic Railways (IRR).
- The Italian engineering services firm PEG is anticipated to provide feasibility studies and drawings for the "dry canal," a network of roads and rail lines connecting the new port with Turkey, by the end of this year, according to the Iraqi transport ministry. On the southernmost tip of Iraq's al-Faw peninsula, where the Shatt al-Arab waterway empties into the Persian Gulf, there has long been talking of building a massive port.
Iraq Logistics & Frieght Market Trends
This section covers the major market trends shaping the Iraq Freight & Logistics Market according to our research experts:
Expanding e-commerce industry drives logistics market
Iraq's e-commerce sector has grown rapidly in recent years. The industry has evolved from a niche dominated by technologically savvy individuals to a mainstream service for the average Iraqi consumer. According to a Think Bank Iraq survey, 57% of Iraqi internet users shopped online at least once. This has increased interest from Iraqi industry leaders and investors, with e-commerce platforms such as Miswag securing millions in funding rounds and Orisdi securing funding and partnership deals with Iraq's largest private TV network, Al Sharqiya. As Iraqi entrepreneurs and visionaries push the boundaries and bring new ideas and innovation to the country, e-commerce services can be expected to play a more significant role in Iraq's retail and logistics sectors.
The World Trade Organization (WTO) defines e-commerce as "the electronic production, distribution, marketing, sales, or delivery of goods and services." In 2021, 75% of the Iraqi population had internet access, and 61.4% used social media platforms. The internet made it possible to communicate with retailers from any location and at any time. This created a demand for retailers to adapt to the constantly changing needs of the Iraqi customer, who went from being limited to a few items at specific shops to a variety of brands not limited by Iraq's borders.
The Iraqi e-commerce market is expanding, with an expected revenue of USD 3.815 billion in 2021, as per Statista. This study aims to discover the 'path to purchase among Iraqi consumers, from product discovery to online search, to ordering and providing feedback. According to industry experts, more than three-quarters (79.35%) of respondents have shopped online in the last three months, with 61.22% placing 1-3 orders and spend between USD 50 and USD 100. When it comes to Iraqis shopping online, such figures show high demand and promising prospects.
Availability of infrastructure attracting investments to support logistics in Iraq
China's Belt and Road Initiative (BRI), launched in 2013, is divided into two parts: the "Silk Road Economic Belt" (SREB), which connects Central Asia, Iran, Turkey, and eventually Europe, and the "Maritime Silk Road" (MSR), which begins in the South China Sea and extends through the Malacca Strait, the Indian Ocean, the Red Sea, and the Mediterranean Sea. BRI policy goals include improving communication between governments, implementing hard and soft infrastructure, strengthening cultural ties through academic exchanges, tourism, and other activities, and promoting regional cooperation and integration. Hard infrastructure entails the construction of transportation and logistics hubs, ports, energy plants, refineries, and power grids, among other things. Soft infrastructure refers to the development of regulatory standards, trade agreements, and so on.
Iraq received the most construction-related investment in the West Asian region in 2021, with USD 10.5 billion for financing a variety of projects ranging from energy and aviation infrastructure to green energy capabilities to the road and school construction. The purpose of this commentary is to investigate China's investment in Iraq and the goals of its intensive engagement with the Arab state. It would also try to identify the issues with BRI-related engagement in Iraq.
Iraq Logistics & Frieght Industry Overview
The freight and logistics market in Iraq is fragmented, with a mix of international and local companies. Among the country's major players are Al-Rashed United Shipping Services, Guangzhou International, Zarawa Company, Move One Logistics, Crown Logistics Ltd., and many more. International players are investing in the infrastructure of the country to strengthen international freight as well as logistics within the country. Startups are emerging in the country providing technical support and innovative solutions to logisitcs firms.
Iraq Logistics & Frieght Market Leaders
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Al-Rashed United Shipping Services
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Zarawa Company
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Move One Logistics
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Crown Logistics LTD
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Guangzhou International
*Disclaimer: Major Players sorted in no particular order
Iraq Logistics & Frieght Market News
November 2022: The AD Ports Group and Iraq-based International Development Bank (IDB) signed a MoU (memorandum of understanding) to review opportunities for ports and logistics projects that could enhance trade flows between the UAE and Iraq. This MoU is expected to bring more trade options among both the countries.
February 2022: Leading international air and travel services company Dnata reached a significant milestone in Erbil. In order to digitise procedures and increase efficiency throughout all of its cargo operations in Iraq, the company deployed the "OneCargo" system. The cutting-edge tool, which dnata intends to introduce globally, is anticipated to offer major business advantages to users.
Iraq Logistics & Frieght Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Value Chain/Supply Chain Analysis
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Technological Advancements in Freight Forwarding
4.6 Overview of Global Freight Forwarding Market
4.7 Market segmentation of Freight Forwarding
4.8 Digitalisation of Freight Forwarding Market
4.9 Pricing Analysis and Revenue Analysis of Freight Forwarding Market
4.10 Regional Insights on Freight Forwarding Market
4.11 Pricing Analysis of Freight Forwarding Market By Region
4.12 Assessment of the Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Function
5.1.1 Freight Transport
5.1.1.1 Road
5.1.1.2 Shipping
5.1.1.3 Air
5.1.1.4 Rail
5.1.2 Freight Forwarding
5.1.3 Warehousing
5.1.4 Value-added Services and Others
5.2 End User
5.2.1 Manufacturing and Automotive
5.2.2 Oil and Gas, Mining, and Quarrying
5.2.3 Agriculture, Fishing, and Forestry
5.2.4 Construction
5.2.5 Distributive Trade (Wholesale and Retail Segments - FMCG included)
5.2.6 Other End Users (Telecommunications, Pharmaceuticals, etc.)
6. COMPETITIVE LANDSCAPE
6.1 Overview
6.2 Company Profiles
6.2.1 Al-Rashed United Shipping Services
6.2.2 Zarawa Company
6.2.3 Move One Logistics
6.2.4 Crown Logistics LTD
6.2.5 Guangzhou International
6.2.6 Transparency Co.
6.2.7 Arch Star Logisitcs
6.2.8 Mateen Express and Logistics
6.2.9 Sheraz Co.
6.2.10 DHL Global Forwarding
6.2.11 Nippon Express Co. Ltd
6.2.12 Dsv Global Transports and Logistics
6.2.13 The Maersk Group
6.2.14 C.H. Robinson*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
Iraq Logistics & Frieght Industry Segmentation
Freight management is defined as the process of controlling and executing a cost-effective procedure for goods delivery. In contrast, logistics management can be defined as the comprehensive process of acquiring, storing, and transporting resources to their final destination. A complete background analysis of the Iraq Freight & Logistics Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact, is covered in the report.
The Iraq Freight & Logistics Market is segmented by Function (Freight Transport (Road, Shipping, Air, and Rail), Freight Forwarding, Warehousing, and Value-added Services and Other Functions) and by End User (Manufacturing and Automotive; Oil and Gas, Mining, and Quarrying; Agriculture, Fishing, and Forestry; Construction; Distributive Trade; and Other End Users). The report offers market size and forecasts for the Iraq Freight & Logistics Market in value (USD Billion) for all the above segments.
| Function | ||||||
| ||||||
| Freight Forwarding | ||||||
| Warehousing | ||||||
| Value-added Services and Others |
| End User | |
| Manufacturing and Automotive | |
| Oil and Gas, Mining, and Quarrying | |
| Agriculture, Fishing, and Forestry | |
| Construction | |
| Distributive Trade (Wholesale and Retail Segments - FMCG included) | |
| Other End Users (Telecommunications, Pharmaceuticals, etc.) |
Iraq Logistics & Frieght Market Research FAQs
How big is the Iraq Freight & Logistics Market?
The Iraq Freight & Logistics Market size is expected to reach USD 7.24 billion in 2024 and grow at a CAGR of 6.20% to reach USD 9.78 billion by 2029.
What is the current Iraq Freight & Logistics Market size?
In 2024, the Iraq Freight & Logistics Market size is expected to reach USD 7.24 billion.
Who are the key players in Iraq Freight & Logistics Market?
Al-Rashed United Shipping Services, Zarawa Company, Move One Logistics, Crown Logistics LTD and Guangzhou International are the major companies operating in the Iraq Freight & Logistics Market.
What years does this Iraq Freight & Logistics Market cover, and what was the market size in 2023?
In 2023, the Iraq Freight & Logistics Market size was estimated at USD 6.82 billion. The report covers the Iraq Freight & Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Iraq Freight & Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Iraq Logistics Industry Report
The Iraq Logistics & Freight Market is a dynamic sector segmented by various functions and end users. This market encompasses freight transport through road, shipping, air, and rail, along with freight forwarding, warehousing, and value-added services. The industry research indicates significant growth in the market value, driven by the manufacturing, automotive, oil and gas, mining, quarrying, agriculture, fishing, forestry, construction, and distributive trade sectors.
The market overview reveals that the industry outlook is positive, with market leaders playing a crucial role in shaping the market trends. The market data suggests that the industry size is expanding, supported by market predictions and a comprehensive market forecast. The industry analysis highlights the importance of market segmentation in understanding the diverse needs of different end users.
Industry reports provide valuable insights into the market growth and industry statistics, offering a detailed market review. The report pdf serves as an essential resource for research companies, providing an industry profile that includes market share and industry information. The market update emphasizes the significance of industry sales and market growth, reflecting the overall health of the Iraq Logistics & Freight Market.
The industry outlook and market overview are crucial for stakeholders to make informed decisions. The report example demonstrates the depth of industry research, showcasing the industry's potential and market trends. The market forecast and market segmentation are vital for predicting future market behavior and identifying opportunities for growth.
In summary, the Iraq Logistics & Freight Market is characterized by robust market growth, driven by various end users and supported by comprehensive industry analysis. The market outlook remains positive, with industry statistics and market data providing a clear picture of the market's trajectory. The report pdf is an invaluable tool for understanding the market's dynamics and making strategic decisions.
