Iraq: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Iraq

The Iraqi non-electronic hydro- and hygrometers market soared to $X in 2021, growing by 109% 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 enjoyed a strong increase. Non-electronic hydro- and hygrometers consumption peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Iraq

In 2021, approx. X units of non-electronic hydro-, hygro-, psychrometers were exported from Iraq; which is down by -79.3% compared with the previous year's figure. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 21,200%. As a result, the exports reached the peak of X units, and then shrank sharply in the following year.

In value terms, non-electronic hydro- and hygrometers exports reduced markedly to $X in 2021. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 17,136% against the previous year. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Switzerland (X units) was the main destination for non-electronic hydro- and hygrometers exports from Iraq, with a 55% share of total exports. Moreover, non-electronic hydro- and hygrometers exports to Switzerland exceeded the volume sent to the second major destination, Italy (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland amounted to +26.0%.

In value terms, Switzerland ($X) remains the key foreign market for non-electronic hydro-, hygro-, psychrometers exports from Iraq, comprising 79% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Switzerland totaled +37.4%.

Export Prices by Country

In 2021, the average non-electronic hydro- and hygrometers export price amounted to $X per unit, with an increase of 25% against the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 92% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Italy amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+312.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Iraq

In 2021, the amount of non-electronic hydro-, hygro-, psychrometers imported into Iraq skyrocketed to X units, rising by 62% on 2020 figures. Over the period under review, imports showed resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by 252%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers imports surged to $X in 2021. Overall, imports enjoyed strong growth. The growth pace was the most rapid in 2013 with an increase of 194% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest non-electronic hydro- and hygrometers supplier to Iraq, accounting for a 49% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. The third position in this ranking was taken by Switzerland (X units), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +57.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+5.5% per year) and Switzerland (+2,522.2% per year).

In value terms, the United Arab Emirates ($X), Switzerland ($X) and Germany ($X) were the largest non-electronic hydro- and hygrometers suppliers to Iraq, together comprising 45% of total imports.

Switzerland, with a CAGR of +1,826.0%, saw the highest growth rate of the value of imports, in terms of 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 non-electronic hydro- and hygrometers import price stood at $X per unit in 2021, increasing by 47% against the previous year. In general, the import price enjoyed tangible growth. The most prominent rate of growth was recorded in 2015 an increase of 77% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 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, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Turkey ($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 (+35.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :