Iraq: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Iraq

The Iraqi market for electric burglar or fire alarms and similar apparatus was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption saw a perceptible expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Iraq

In 2021, exports of electric burglar or fire alarms and similar apparatus from Iraq contracted significantly to X units, shrinking by -77.4% against the previous year. In general, exports saw a sharp setback. The growth pace was the most rapid in 2014 when exports increased by 755% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric burglar or fire alarm exports fell remarkably to $X in 2021. Over the period under review, exports showed a sharp decline. The most prominent rate of growth was recorded in 2014 with an increase of 1,366% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for electric burglar or fire alarm exports from Iraq, accounting for a 68% share of total exports. Moreover, electric burglar or fire alarm exports to the United Arab Emirates exceeded the volume sent to the second major destination, France (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -76.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.7% per year) and the UK (-49.5% per year).

In value terms, France ($X) remains the key foreign market for electric burglar or fire alarms and similar apparatus exports from Iraq, comprising 88% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-81.7% per year) and the UK (-50.6% per year).

Export Prices by Country

The average export price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2021, with a decrease of -30.6% against the previous year. Overall, the export price, however, recorded a resilient increase. The growth pace was the most rapid in 2016 when the average export price increased by 206%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to the United Arab Emirates ($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 Hungary (+63.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Iraq

In 2021, after two years of decline, there was significant growth in overseas purchases of electric burglar or fire alarms and similar apparatus, when their volume increased by 124% to X units. Over the period under review, imports saw a mild increase. The pace of growth appeared the most rapid in 2018 when imports increased by 229%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, electric burglar or fire alarm imports surged to $X in 2021. In general, imports showed a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of 164% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of electric burglar or fire alarm to Iraq, accounting for a 55% share of total imports. Moreover, electric burglar or fire alarm imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.3% per year) and the United Arab Emirates (-13.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of electric burglar or fire alarms and similar apparatus to Iraq, comprising 34% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.7% per year) and the United Arab Emirates (-10.5% per year).

Import Prices by Country

In 2021, the average import price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, declining by -12.9% against the previous year. In general, the import price, however, recorded a slight expansion. The growth pace was the most rapid in 2013 an increase of 40%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for Bulgaria ($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 UK (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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