Iraq: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in Iraq

The Iraqi domestic electro-thermic appliances market surged to $X in 2022, rising by X% against the previous year. In general, consumption saw a prominent expansion. Domestic electro-thermic appliances consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Domestic Electro-Thermic Appliances Production in Iraq

In value terms, domestic electro-thermic appliances production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Domestic Electro-Thermic Appliances Exports

Exports from Iraq

In 2022, after three years of growth, there was significant decline in overseas shipments of domestic electro-thermic appliances, when their volume decreased by X% to X units. Over the period under review, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then declined remarkably in the following year.

In value terms, domestic electro-thermic appliances exports shrank notably to $X in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

Turkey (X units) was the main destination for domestic electro-thermic appliances exports from Iraq, accounting for a X% share of total exports. Moreover, domestic electro-thermic appliances exports to Turkey exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. Bosnia and Herzegovina (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, Turkey ($X) remains the key foreign market for domestic electro-thermic appliances exports from Iraq, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

In 2022, the average domestic electro-thermic appliances export price amounted to $X per unit, declining by X% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, domestic electro-thermic appliances export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced mixed trend patterns.

Domestic Electro-Thermic Appliances Imports

Imports into Iraq

In 2022, approx. X units of domestic electro-thermic appliances were imported into Iraq; jumping by X% compared with the previous year's figure. Overall, imports showed strong growth. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, domestic electro-thermic appliances imports stood at $X in 2022. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest domestic electro-thermic appliances supplier to Iraq, accounting for a X% share of total imports. Moreover, domestic electro-thermic appliances imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), eightfold. Turkey (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

In value terms, China ($X), the United Arab Emirates ($X) and Turkey ($X) appeared to be the largest domestic electro-thermic appliances suppliers to Iraq, with a combined X% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average domestic electro-thermic appliances import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price saw a noticeable contraction. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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