Report Update Nov 1, 2024

Iraq - Electronic Machines and Appliances for Testing Metals - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Iraq

The Iraqi electronic metal tester market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption saw a slight expansion. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Electronic Metal Tester Exports

Exports from Iraq

In 2021, approx. X units of electronic machines and appliances for testing metals were exported from Iraq; with a decrease of -20% compared with the previous year. In general, exports, however, saw notable growth. The most prominent rate of growth was recorded in 2017 when exports increased by 800%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic metal tester exports reached $X in 2021. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,189% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sri Lanka (X units) was the main destination for electronic metal tester exports from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sri Lanka stood at +18.9%.

In value terms, Sri Lanka ($X) also remains the key foreign market for electronic machines and appliances for testing metals exports from Iraq.

From 2012 to 2021, the average annual rate of growth in terms of value to Sri Lanka totaled +28.1%.

Export Prices by Country

In 2021, the average electronic metal tester export price amounted to $X per unit, growing by 20% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 325% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sri Lanka.

From 2012 to 2021, the rate of growth in terms of prices for Sri Lanka amounted to +0.0% per year.

Electronic Metal Tester Imports

Imports into Iraq

In 2021, overseas purchases of electronic machines and appliances for testing metals increased by 347% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a noticeable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 384%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, electronic metal tester imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a perceptible downturn. The growth pace was the most rapid in 2017 when imports increased by 91%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X units) constituted the largest electronic metal tester supplier to Iraq, with a 66% share of total imports. Moreover, electronic metal tester imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.0% per year) and the United Arab Emirates (-0.9% per year).

In value terms, the largest electronic metal tester suppliers to Iraq were the UK ($X), Turkey ($X) and the United States ($X), with a combined 62% share of total imports.

The UK, with a CAGR of +16.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electronic metal tester import price amounted to $X per unit, declining by -66.6% against the previous year. Overall, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 139% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for Turkey ($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 UK (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electronic machines and appliances for testing metals in the world?

South Africa constituted the country with the largest volume of electronic metal tester consumption, accounting for 81% of total volume. Moreover, electronic metal tester consumption in South Africa exceeded the figures recorded by the second-largest consumer, Italy, more than tenfold. The third position in this ranking was occupied by Germany, with a 3.2% share.

What are the largest producers of electronic machines and appliances for testing metals in the world?

The countries with the highest volumes of in 2021 were China, Germany and Italy, with a combined 75% share of global production. Taiwan Chinese), the UK, the Czech Republic and Turkey lagged somewhat behind, together comprising a further 14%.

What are the leading suppliers of electronic machines and appliances for testing metals to Iraq?

In value terms, the UK, Turkey and Canada were the largest electronic metal tester suppliers to Iraq, together accounting for 48% of total imports.

What are the leading importers of electronic machines and appliances for testing metals from Iraq?

In value terms, Sri Lanka remains the key foreign market for electronic metal tester exports from Iraq.

What is the average export price for electronic machines and appliances for testing metals in Iraq?

The average electronic metal tester export price stood at $1,240 per unit in 2021, increasing by 40% against the previous year.

What is the average import price for electronic machines and appliances for testing metals in Iraq?

The average electronic metal tester import price stood at $933 per unit in 2021, which is down by -32.2% against the previous year.

This report provides an in-depth analysis of the electronic metal tester 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 26516210 - Electronic machines and appliances for testing the mechanical properties of metals (excluding metallographic machines or appliances, instruments for detecting defects)

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