Iraq: Objective Lens Market 2022

Objective Lens Market Size in Iraq

The Iraqi objective lens market rose remarkably to $X in 2021, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Objective lens consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Objective Lens Exports

Exports from Iraq

In 2021, after two years of decline, there was decline in shipments abroad of objective lenses for cameras, projectors or photographic enlargers or reducers, when their volume decreased by X% to X units. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, objective lens exports rose significantly to $X in 2021. In general, exports saw a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for objective lens exports from Iraq, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for objective lens exports from Iraq.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -X%.

Export Prices by Country

In 2021, the average objective lens export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -X% per year.

Objective Lens Imports

Imports into Iraq

In 2021, the amount of objective lenses for cameras, projectors or photographic enlargers or reducers imported into Iraq surged to X units, increasing by X% against 2020 figures. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, objective lens imports fell slightly to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then reduced modestly in the following year.

Imports by Country

In 2021, the United Arab Emirates (X units) was the main objective lens supplier to Iraq, accounting for a X% share of total imports. It was followed by China (X units), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Turkey (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of objective lens to Iraq, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2021, the average objective lens import price amounted to $X per unit, shrinking by -X% against the previous year. Overall, the import price, however, recorded a buoyant increase. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :