Iraq: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Iraq

The Iraqi market for domestic, non-electric, cooking or heating appliances surged to $X in 2022, jumping by X% against the previous year. Overall, consumption posted a strong expansion. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in Iraq

In value terms, production of domestic, non-electric, cooking or heating appliances declined slightly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt contraction. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Iraq

In 2022, after two years of decline, there was growth in shipments abroad of domestic, non-electric, cooking or heating appliances, when their volume increased by X% to X units. Over the period under review, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of domestic, non-electric, cooking or heating appliances rose significantly to $X in 2022. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for exports of domestic, non-electric, cooking or heating appliances from Iraq, accounting for a X% share of total exports. Moreover, exports of domestic, non-electric, cooking or heating appliances to Germany exceeded the volume sent to the second major destination, the United States (X units), threefold.

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

In value terms, the largest markets for domestic, non-electric, cooking or heating appliance exported from Iraq were the United States ($X), Germany ($X) and Turkey ($X).

Among the main countries of destination, Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for domestic, non-electric, cooking or heating appliances stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Germany ($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 a decline.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Iraq

In 2022, imports of domestic, non-electric, cooking or heating appliances into Iraq surged to X units, increasing by X% against 2021 figures. In general, imports showed measured growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports of hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of domestic, non-electric, cooking or heating appliances expanded markedly to $X in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X units), China (X units) and Egypt (X units) were the main suppliers of imports of domestic, non-electric, cooking or heating appliances to Iraq.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest domestic, non-electric, cooking or heating appliance suppliers to Iraq were Egypt ($X), China ($X) and Turkey ($X), together accounting for X% of total imports. Italy and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for domestic, non-electric, cooking or heating appliances amounted to $X per unit, which is down by X% against the previous year. Overall, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then reduced notably in the following year.

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

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

Source: IndexBox Platform

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