Iraq: Market for Vacuum Cleaners With Motor 2022

Market Size for Vacuum Cleaners With Motor in Iraq

The Iraqi vacuum cleaner with motor market rose markedly to $X in 2021, increasing by 7.8% 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 posted a resilient expansion. Vacuum cleaner with motor consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Vacuum Cleaners With Motor

Exports from Iraq

Vacuum cleaner with motor exports from Iraq contracted dramatically to X kg in 2021, declining by -19.7% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 65% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, vacuum cleaner with motor exports contracted rapidly to $X in 2021. Overall, exports showed a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 91% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X kg) was the main destination for vacuum cleaner with motor exports from Iraq, accounting for a 67% share of total exports. Moreover, vacuum cleaner with motor exports to Turkey exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold. The third position in this ranking was held by Thailand (X kg), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled -14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+8.7% per year) and Thailand (+17.7% per year).

In value terms, the largest markets for vacuum cleaner with motor exported from Iraq were Turkey ($X), the Netherlands ($X) and Thailand ($X), together comprising 99% of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +18.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average vacuum cleaner with motor export price amounted to $X per ton, waning by -5.1% against the previous year. In general, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 37%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vacuum Cleaners With Motor

Imports into Iraq

In 2021, imports of vacuum cleaners with motor into Iraq rose sharply to X tons, increasing by 13% on 2020 figures. Over the period under review, imports recorded buoyant growth. The growth pace was the most rapid in 2019 with an increase of 132%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, vacuum cleaner with motor imports expanded slightly to $X in 2021. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 104% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of vacuum cleaner with motor imports to Iraq, together accounting for 92% of total imports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +31.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of vacuum cleaner with motor to Iraq, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports. It was followed by Turkey, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.1% per year) and Turkey (+4.8% per year).

Import Prices by Country

The average vacuum cleaner with motor import price stood at $X per ton in 2021, dropping by -8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2018 an increase of 40%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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 ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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