Iraq: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Iraq

The Iraqi fire extinguisher market fell to $X in 2022, which is down by -13.3% 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). Over the period under review, consumption, however, continues to indicate strong growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Fire Extinguisher Exports

Exports from Iraq

In 2022, the amount of fire extinguishers exported from Iraq surged to X units, jumping by 41% compared with 2021 figures. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 300%. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, fire extinguisher exports skyrocketed to $X in 2022. In general, exports, however, showed a mild curtailment. The growth pace was the most rapid in 2018 with an increase of 367% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for fire extinguisher exports from Iraq, accounting for a 26% share of total exports. Moreover, fire extinguisher exports to Turkey exceeded the volume sent to the second major destination, the Czech Republic (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+18.9% per year) and France (0.0% per year).

In value terms, France ($X) emerged as the key foreign market for fire extinguishers exports from Iraq, comprising 61% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+26.2% per year) and Turkey (-16.9% per year).

Export Prices by Country

The average fire extinguisher export price stood at $X per unit in 2022, picking up by 17% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 114%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+7.9%).

Fire Extinguisher Imports

Imports into Iraq

In 2022, imports of fire extinguishers into Iraq reduced to X units, waning by -10.9% compared with 2021. Over the period under review, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 256%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, fire extinguisher imports reduced sharply to $X in 2022. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 286% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of fire extinguisher to Iraq, with a 74% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. The United Arab Emirates (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.3% per year) and the United Arab Emirates (+2.8% per year).

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Iraq, comprising 48% of total imports. The second position in the ranking was held by Turkey ($X), with a 20% share of total imports. It was followed by the United Arab Emirates, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.7% per year) and the United Arab Emirates (+2.1% per year).

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, reducing by -10.3% against the previous year. Over the period under review, the import price saw a deep downturn. The growth pace was the most rapid in 2014 an increase of 47%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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