Iraq: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Iraq

In 2021, after four years of growth, there was significant decline in the Iraqi household sewing machine market, when its value decreased by -54.4% to $X. Over the period under review, consumption continues to indicate a abrupt contraction. Household sewing machine consumption peaked at $X in 2020, and then declined rapidly in the following year.

Household Sewing Machine Exports

Exports from Iraq

In 2021, after three years of growth, there was significant decline in overseas shipments of household sewing machines, when their volume decreased by -12.5% to X units. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 33% against the previous year. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, household sewing machine exports shrank sharply to $X in 2021. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 64%. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Turkey (X units) was the main destination for household sewing machine exports from Iraq, with a 86% share of total exports. Moreover, household sewing machine exports to Turkey exceeded the volume sent to the second major destination, the Netherlands (X units), sixfold.

From 2013 to 2021, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) emerged as the key foreign market for household sewing machines exports from Iraq, comprising 79% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-54.4% per year) and Germany (-49.8% per year).

Export Prices by Country

In 2021, the average household sewing machine export price amounted to $X per unit, declining by -25.6% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 23% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+34.2%).

Household Sewing Machine Imports

Imports into Iraq

In 2021, purchases abroad of household sewing machines decreased by -54.4% to X units for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 311% against the previous year. Over the period under review, imports attained the maximum at X units in 2020, and then reduced rapidly in the following year.

In value terms, household sewing machine imports fell dramatically to $X in 2021. Overall, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2015 when imports increased by 357%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and India (X units) were the main suppliers of household sewing machine imports to Iraq, with a combined 86% share of total imports. These countries were followed by Germany and Japan, which together accounted for a further 6.2%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +8.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of household sewing machines to Iraq, comprising 53% of total imports. The second position in the ranking was taken by India ($X), with a 17% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.9% per year) and China (-8.5% per year).

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, household sewing machine import price decreased by -37.9% against 2019 indices. The growth pace was the most rapid in 2019 when the average import price increased by 47%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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