Iraq: Radio Receiver Market 2023

Radio Receiver Market Size in Iraq

After two years of growth, the Iraqi radio receiver market decreased by -21.5% to $X in 2021. In general, consumption, however, showed a prominent increase. Over the period under review, the market reached the peak level at $X in 2020, and then declined significantly in the following year.

Radio Receiver Exports

Exports from Iraq

In 2021, shipments abroad of radio receivers decreased by -93.5% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by 180% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, radio receiver exports declined remarkably to $X in 2021. Over the period under review, exports showed a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 312%. The exports peaked at $X in 2020, and then fell markedly in the following year.

Exports by Country

Finland (X units) was the main destination for radio receiver exports from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Finland amounted to -7.8%.

In value terms, Finland ($X) emerged as the key foreign market for radio receivers exports from Iraq.

From 2012 to 2021, the average annual growth rate of value to Finland totaled +29.7%.

Export Prices by Country

In 2021, the average radio receiver export price amounted to $X per unit, rising by 5.2% against the previous year. Over the period under review, the export price saw a prominent increase. The pace of growth was the most pronounced in 2016 an increase of 237% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Finland amounted to +40.7% per year.

Radio Receiver Imports

Imports into Iraq

After two years of growth, supplies from abroad of radio receivers decreased by -4.5% to X units in 2021. Over the period under review, imports, however, posted a strong increase. The growth pace was the most rapid in 2019 with an increase of 83% against the previous year. Imports peaked at X units in 2020, and then fell modestly in the following year.

In value terms, radio receiver imports dropped notably to $X in 2021. In general, imports, however, posted a tangible increase. The pace of growth was the most pronounced in 2014 with an increase of 132% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then declined dramatically in the following year.

Imports by Country

In 2021, China (X units) constituted the largest radio receiver supplier to Iraq, with a 77% share of total imports. Moreover, radio receiver imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+0.9% per year) and Germany (+31.6% per year).

In value terms, the largest radio receiver suppliers to Iraq were the United Arab Emirates ($X), China ($X) and Germany ($X), with a combined 95% share of total imports.

Among the main suppliers, Germany, with a CAGR of +20.9%, 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 mixed trend patterns.

Import Prices by Country

The average radio receiver import price stood at $X per unit in 2021, waning by -28% against the previous year. In general, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2014 an increase of 44%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 ($X per unit), while the price for Germany ($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 (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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