Iraq: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Iraq

In 2021, the Iraqi air conditioning machine market decreased by -12.1% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.6% against 2016 indices. Air conditioning machine consumption peaked at $X in 2020, and then declined in the following year.

Air Conditioning Machine Exports

Exports from Iraq

In 2021, after three years of growth, there was significant decline in overseas shipments of air conditioning machines, when their volume decreased by -39.9% to X units. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 181%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, air conditioning machine exports soared to $X in 2021. In general, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 84%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for air conditioning machine exports from Iraq, accounting for a 73% share of total exports. Moreover, air conditioning machine exports to the Netherlands exceeded the volume sent to the second major destination, Iran (X units), fivefold. The third position in this ranking was taken by Poland (X units), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-29.8% per year) and Poland (0.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for air conditioning machine exports from Iraq, comprising 89% of total exports. The second position in the ranking was held by Iran ($X), with a 7.3% share of total exports. It was followed by Poland, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-26.7% per year) and Poland (0.0% per year).

Export Prices by Country

In 2021, the average air conditioning machine export price amounted to $X per unit, with an increase of 189% against the previous year. Overall, the export price enjoyed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Poland ($X per unit) 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 (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Air Conditioning Machine Imports

Imports into Iraq

In 2021, overseas purchases of air conditioning machines decreased by -6.8% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% 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 +66.4% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 42%. Over the period under review, imports reached the maximum at X units in 2020, and then declined in the following year.

In value terms, air conditioning machine imports shrank to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.0% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 45% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, China (X units) constituted the largest air conditioning machine supplier to Iraq, with a 90% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+10.6% per year) and the United Arab Emirates (-15.1% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Iraq, comprising 91% of total imports. The second position in the ranking was taken by Thailand ($X), with a 2.3% share of total imports. It was followed by the United Arab Emirates, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.0% per year) and the United Arab Emirates (-15.3% per year).

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, with a decrease of -6.4% against the previous year. In general, the import price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 18% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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