Report Update Nov 1, 2024

Iraq - Electronic Integrated Circuits and Microassemblies - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Electronic Chip Market 2024

Electronic Chip Market Size in Iraq

The Iraqi electronic chip market soared to $X in 2021, with an increase of 17% 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). In general, consumption enjoyed a measured expansion. Electronic chip consumption peaked in 2021 and is expected to retain growth in the near future.

Electronic Chip Exports

Exports from Iraq

In 2021, electronic chip exports from Iraq contracted remarkably to X units, dropping by -66.4% against 2020 figures. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 6,589%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, electronic chip exports totaled $X in 2021. In general, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 325%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

South Korea (X units), Singapore (X units) and Germany (X units) were the main destinations of electronic chip exports from Iraq, together comprising 47% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +164.2%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Hong Kong SAR ($X) and China ($X) appeared to be the largest markets for electronic chip exported from Iraq worldwide, together comprising 57% of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +104.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electronic chip export price amounted to $X per unit, rising by 209% against the previous year. Overall, the export price saw tangible growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 1,268%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to France (less than $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 Hong Kong SAR (+395.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Iraq

In 2021, approx. X units of electronic chips were imported into Iraq; picking up by 29% compared with 2020. Over the period under review, imports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2017 when imports increased by 468% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, electronic chip imports rose to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 183% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

The United Arab Emirates (X units), Turkey (X units) and the United States (X units) were the main suppliers of electronic chip imports to Iraq, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +57.8%), while purchases for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of electronic chips to Iraq, comprising 87% of total imports. The second position in the ranking was held by Turkey ($X), with a 3.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.8% per year) and the United States (-4.3% per year).

Import Prices by Country

In 2021, the average electronic chip import price amounted to $X per unit, shrinking by -21.2% against the previous year. Overall, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2015 an increase of 48% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Turkey (less than $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 (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electronic chips in the world?

The countries with the highest volumes of electronic chip consumption in 2020 were Hong Kong SAR, China and Hungary, together comprising 45% of global consumption. These countries were followed by Japan, Vietnam, Germany, the United States, France, Nigeria and Mexico, which together accounted for a further 24%.

What are the largest producers of electronic chips in the world?

The countries with the highest volumes of electronic chip production in 2020 were Taiwan Chinese), Singapore and Japan, together comprising 56% of global production.

What are the leading suppliers of electronic chips to Iraq?

In value terms, Italy constituted the largest supplier of electronic chip to Iraq, comprising 6.1% of total imports. The second position in the ranking was occupied by China, with a 1.3% share of total imports. It was followed by Germany, with a 0.1% share.

What are the leading importers of electronic chips from Iraq?

In value terms, the United States emerged as the key foreign market for electronic chip exports from Iraq, comprising 87% of total exports. The second position in the ranking was occupied by Germany, with a 6.2% share of total exports.

What is the average export price for electronic chips in Iraq?

In 2020, the average electronic chip export price amounted to $1.2 per unit, jumping by 63% against the previous year.

What is the average import price for electronic chips in Iraq?

The average electronic chip import price stood at $0.2 per unit in 2020, waning by -52.7% against the previous year.

This report provides an in-depth analysis of the electronic chip market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26113003 - Multichip integrated circuits: processors and controllers, w hether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
Prodcom 26113006 - Electronic integrated circuits (excluding multichip circuits): processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
Prodcom 26113023 - Multichip integrated circuits: memories
Prodcom 26113027 - Electronic integrated circuits (excluding multichip circuits): dynamic random-access memories (D-RAMs)
Prodcom 26113034 - Electronic integrated circuits (excluding multichip circuits): static random-access memories (S-RAMs), including cache random-access memories (cache-RAMs)
Prodcom 26113054 - Electronic integrated circuits (excluding multichip circuits): UV erasable, programmable, read only memories (EPROMs)
Prodcom 26113065 - Electronic integrated circuits (excluding multichip circuits): electrically erasable, programmable, read only memories (E.PROMs), including flash E.PROMs
Prodcom 26113067 - Electronic integrated circuits (excluding multichip circuits): other memories
Prodcom 26113080 - Electronic integrated circuits: amplifiers
Prodcom 26113091 - Other multichip integrated circuits n.e.c.
Prodcom 26113094 - Other electronic integrated circuits n.e.c.

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023