Iraq: Dental Instruments Market 2024

Dental Instruments Market Size in Iraq

The Iraqi dental instruments market skyrocketed to $X in 2021, with an increase of 128% 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 showed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dental Instruments Exports

Exports from Iraq

In 2021, after two years of growth, there was significant decline in overseas shipments of instruments for dental sciences, when their volume decreased by -44.8% to X units. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 40,634%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, dental instruments exports fell slightly to $X in 2021. Over the period under review, exports saw a pronounced downturn. The growth pace was the most rapid in 2017 with an increase of 3,587% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

South Korea (X units) was the main destination for dental instruments exports from Iraq, accounting for a 72% share of total exports. Moreover, dental instruments exports to South Korea exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. Georgia (X units) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea stood at +55.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+4,600.0% per year) and Georgia (0.0% per year).

In value terms, the largest markets for dental instruments exported from Iraq were the Netherlands ($X), South Korea ($X) and Georgia ($X), with a combined 96% share of total exports.

The Netherlands, with a CAGR of +20,880.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average dental instruments export price amounted to $X per unit, surging by 74% against the previous year. In general, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 1,419% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Denmark ($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 the Netherlands (+348.4%), while the prices for the other major destinations experienced a decline.

Dental Instruments Imports

Imports into Iraq

In 2021, the amount of instruments for dental sciences imported into Iraq soared to X units, rising by 170% compared with the year before. Over the period under review, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dental instruments imports surged to $X in 2021. In general, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest dental instruments supplier to Iraq, with a 57% share of total imports. Moreover, dental instruments imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. Italy (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +44.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+38.3% per year) and Italy (+1.6% per year).

In value terms, China ($X) constituted the largest supplier of instruments for dental sciences to Iraq, comprising 55% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.0% per year) and the United Arab Emirates (+39.1% per year).

Import Prices by Country

The average dental instruments import price stood at $X per unit in 2021, which is down by -26.5% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 42% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a 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 United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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