Report Update Nov 1, 2024

Iraq - Furniture, Bases and Covers for Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in Iraq

The Iraqi sewing machine furniture market soared to $X in 2022, increasing by 23% 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 continues to indicate resilient 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.

Sewing Machine Furniture Exports

Exports from Iraq

Sewing machine furniture exports from Iraq totaled X kg in 2021, remaining relatively unchanged against the previous year's figure. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 200% against the previous year. As a result, the exports attained the peak of X kg. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, sewing machine furniture exports amounted to $X in 2021. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 650%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2012 to 2021, the average annual growth rate of value to No country was relatively modest.

Sewing Machine Furniture Imports

Imports into Iraq

In 2022, the amount of furniture, bases and covers for sewing machines imported into Iraq surged to X tons, rising by 23% on 2021. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 201%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sewing machine furniture imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 175% 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 tons) was the main supplier of sewing machine furniture to Iraq, with a 90% share of total imports. Moreover, sewing machine furniture imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+9.1% per year) and India (-11.1% per year).

In value terms, China ($X) constituted the largest supplier of furniture, bases and covers for sewing machines to Iraq, comprising 76% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+18.5% per year) and India (-0.0% per year).

Import Prices by Country

The average sewing machine furniture import price stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price saw buoyant growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 83%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furniture, bases and covers for sewing machines in the world?

The countries with the highest volumes of in 2021 were China, Nigeria and Vietnam, together comprising 39% of global consumption. The United States, Russia, Kyrgyzstan, Japan, Germany, Indonesia, Turkey and Hong Kong SAR lagged somewhat behind, together accounting for a further 36%.

What are the largest producers of furniture, bases and covers for sewing machines in the world?

The country with the largest volume of sewing machine furniture production was China, comprising approx. 73% of total volume. Moreover, sewing machine furniture production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Germany ranked third in terms of total production with a 3% share.

What are the leading suppliers of furniture, bases and covers for sewing machines to Iraq?

In value terms, China constituted the largest supplier of sewing machine furniture to Iraq, comprising 82% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with an 8.5% share of total imports.

What is the average export price for furniture, bases and covers for sewing machines in Iraq?

In 2013, the average sewing machine furniture export price amounted to $15,000 per ton, rising by 33% against the previous year.

What is the average import price for furniture, bases and covers for sewing machines in Iraq?

The average sewing machine furniture import price stood at $19,740 per ton in 2021, waning by -2.7% against the previous year.

This report provides an in-depth analysis of the sewing machine furniture 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 28945260 - Furniture, bases and covers for sewing machines and parts thereof, other parts of sewing machines

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