Iraq: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2025

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Iraq

In 2021, the Iraqi market for non-electronic instruments for measuring or checking variables of liquids or gases decreased by -13.1% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a deep downturn. Non-electronic liquid or gas measurer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Iraq

In 2021, overseas shipments of non-electronic instruments for measuring or checking variables of liquids or gases increased by 35% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2014 when exports increased by 680% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, non-electronic liquid or gas measurer exports skyrocketed to $X in 2021. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 696% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Africa (X units) was the main destination for non-electronic liquid or gas measurer exports from Iraq, with a 95% share of total exports. Moreover, non-electronic liquid or gas measurer exports to South Africa exceeded the volume sent to the second major destination, the UK (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to South Africa amounted to +67.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+33.4% per year) and Germany (-7.4% per year).

In value terms, the UK ($X) remains the key foreign market for non-electronic liquid or gas measurer exports from Iraq, comprising 20% of total exports. The second position in the ranking was held by Germany ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +84.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.0% per year) and South Africa (+49.5% per year).

Export Prices by Country

The average export price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2021, increasing by 71% against the previous year. Overall, the export price, however, saw a deep setback. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to South Africa ($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 UK (+31.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Iraq

In 2021, non-electronic liquid or gas measurer imports into Iraq dropped to X units, declining by -5.6% compared with 2020. Overall, imports faced a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 91% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, non-electronic liquid or gas measurer imports shrank significantly to $X in 2021. Over the period under review, imports recorded a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 160% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and India (X units) were the main suppliers of non-electronic liquid or gas measurer imports to Iraq, together comprising 73% of total imports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electronic liquid or gas measurer suppliers to Iraq were Italy ($X), Malaysia ($X) and the UK ($X), with a combined 54% share of total imports.

Malaysia, with a CAGR of +37.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, declining by -15.2% against the previous year. In general, the import price, however, recorded a moderate increase. The pace of growth was the most pronounced in 2016 an increase of 109% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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