Iraq: Test And Measurement Market 2024

Test And Measurement Market Size in Iraq

The Iraqi test and measurement market soared to $X in 2021, increasing by 22% 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 recorded prominent growth. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Test And Measurement Exports

Exports from Iraq

In 2021, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses exported from Iraq fell significantly to X units, reducing by -31.4% on the previous year. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,537% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, test and measurement exports reduced notably to $X in 2021. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 2,470%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X units), China (X units) and the UK (X units) were the main destinations of test and measurement exports from Iraq, together accounting for 64% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +61.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for instruments and apparatus for measuring or checking pressure of liquids or gasses exports from Iraq, comprising 29% of total exports. The second position in the ranking was taken by China ($X), with a 12% share of total exports. It was followed by the UK, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +167.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+161.3% per year) and the UK (+36.2% per year).

Export Prices by Country

The average test and measurement export price stood at $X per unit in 2021, reducing by -36.1% against the previous year. In general, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 556%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Czech Republic ($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 France (+49.1%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Iraq

Test and measurement imports into Iraq skyrocketed to X units in 2021, rising by 27% on the previous year's figure. Overall, imports posted a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 157% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, test and measurement imports skyrocketed to $X in 2021. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 128%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), Turkey (X units) and Germany (X units) were the main suppliers of test and measurement imports to Iraq, together accounting for 40% of total imports. These countries were followed by France, India, Italy, Oman and China, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +40.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Germany ($X) appeared to be the largest test and measurement suppliers to Iraq, with a combined 41% share of total imports. France, Oman, Turkey, Italy and India lagged somewhat behind, together accounting for a further 13%.

France, with a CAGR of +14.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average test and measurement import price stood at $X per unit in 2021, reducing by -9.1% against the previous year. Over the period under review, the import price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2015 when the average import price increased by 135% 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 stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :