Iraq: Safety Headgear Market 2022

Safety Headgear Market Size in Iraq

The Iraqi safety headgear market dropped significantly to $X in 2021, reducing by -20.2% 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). Over the period under review, consumption, however, continues to indicate a notable increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Safety Headgear Exports

Exports from Iraq

In 2021, approx. X units of safety headgear were exported from Iraq; falling by -20% on 2020. Over the period under review, exports saw a significant decrease. The most prominent rate of growth was recorded in 2014 with an increase of 453% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, safety headgear exports contracted rapidly to $X in 2021. Overall, exports saw a dramatic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 200%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (4 units) was the main destination for safety headgear exports from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -30.3%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -42.4%.

Export Prices by Country

In 2021, the average safety headgear export price amounted to $X per unit, dropping by -16.7% against the previous year. Over the period under review, the export price faced a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of 140% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 -17.4% per year.

Safety Headgear Imports

Imports into Iraq

In 2021, after two years of growth, there was significant decline in overseas purchases of safety headgear, when their volume decreased by -29.8% to X units. Over the period under review, imports, however, continue to indicate moderate growth. The growth pace was the most rapid in 2017 when imports increased by 214% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, safety headgear imports stood at $X in 2021. In general, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.3% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 128% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (352K units) constituted the largest supplier of safety headgear to Iraq, accounting for a 74% share of total imports. Moreover, safety headgear imports from China exceeded the figures recorded by the second-largest supplier, Turkey (55K units), sixfold. The third position in this ranking was held by Russia (24K units), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+3.3% per year) and Russia (+82.3% per year).

In value terms, China ($X) constituted the largest supplier of safety headgear to Iraq, comprising 35% of total imports. The second position in the ranking was taken by Russia ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+67.8% per year) and the United Arab Emirates (-8.4% per year).

Import Prices by Country

In 2021, the average safety headgear import price amounted to $X per unit, with an increase of 49% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 an increase of 122%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: 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 States (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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