Iraq: Photo Camera Market 2023

Photo Camera Market Size in Iraq

The Iraqi photo camera market fell notably to $X in 2021, which is down by -16.9% 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, consumption, however, showed perceptible growth. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Photo Camera Exports

Exports from Iraq

In 2021, after three years of decline, there was significant growth in overseas shipments of photographic (other than cinematographic) cameras, when their volume increased by 129% to X kg. Over the period under review, exports saw strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 265% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, photo camera exports skyrocketed to $X in 2021. Overall, exports continue to indicate a resilient increase. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X kg) and Germany (X kg) were the main destinations of photo camera exports from Iraq.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +100.0%).

In value terms, Sweden ($X) and Germany ($X) were the largest markets for photo camera exported from Iraq worldwide.

Germany, with a CAGR of +1,900.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average photo camera export price amounted to $X per ton, with an increase of 135% against the previous year. In general, the export price, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2018 an increase of 362% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+900.0%).

Photo Camera Imports

Imports into Iraq

Photo camera imports into Iraq declined significantly to X tons in 2021, reducing by -17.6% compared with the previous year. In general, imports, however, saw a measured increase. The pace of growth appeared the most rapid in 2013 with an increase of 140%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, photo camera imports reduced to $X in 2021. Over the period under review, imports, however, saw a slight increase. The most prominent rate of growth was recorded in 2020 when imports increased by 123% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the United Arab Emirates (X tons) were the main suppliers of photo camera imports to Iraq, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +29.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of photo camera to Iraq, comprising 49% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 22% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.8% per year) and the United States (+17.5% per year).

Import Prices by Country

The average photo camera import price stood at $X per ton in 2021, with an increase of 4.1% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when the average import price increased by 63%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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