Iraq 2021. Leader Kia Loses 8% Share In Market Up 27.6%

The 2022 Kia Sportage
The 2022 Kia Sportage

Iraq’s car market in 2021 rises by 27.6% with 85,380 sales, reporting a strong performance all year, except for a double-digits fall in Q4.Leader Kia loses 8% market share despite gaining 4.8%.

Market Trend

The Iraqi car market this year recovered very effectively, reporting a negative performance only in Q4.

In 2019 the market maintained an impressive growth pace with fast speed taken across all months and Full-year sales closed at 79,980 units (+39.4%).

Because of the COVID-19 pandemic sales significantly decreased in  2020. In fact, sales have been 66,591, reporting a fall of 16.7% compared to 2019.

In 2021 the year started positively for the Iraqi market, in fact, in Q1 18,091 units have been sold, reporting a 9.7% decrease in sales compared to Q1 2020, while in Q2 sales started growing extremely quickly, reporting a 155.8% increase in sales with 21,195 units due to the very low levels of sales experienced in Q2 2020.

In Q3 sales rose 39.6% with 24,640 units, while in Q4 sales started dropping in double-digits (-12.4%) with 21,454 units.

Indeed, Full-Year sales for 2021 have been 85,380, reporting a 27.6% increase compared to 2020.

Iraqi quarterly sales variation
Iraqi quarterly sales variation

Brand-wise, this year the leader Kia (+4.8%) lost 8% market share, followed by Toyota (+22.5%), which lost 0.7% share, and Hyundai which lost 2.9% share, falling 4.4%.  Chery reached 4th place and gained 183%, followed by Chevrolet which rose 97.7%.

MG reached 6th place -up 5 spots- and gained 349.2% registering the best performance in the leaderboard, followed by Nissan (+47.8%) and Jeep (+23.1%). Closing the leaderboard we have Great Wall and ChangAn (+98.9%).

The most sold vehicle this year remains the Kia Frontier (+9.5%) with 15.611 units sold, followed by the Kia Sorento (+1.9%) registering 7,660 new sales this year. The Hyundai Tucson (+18%) closes the podium and reports 7.001 new units sold.

Tables with sales figures

In the tables below we report sales for top 10 Brands and top 10 models.

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