Iraq: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Iraq

The Iraqi ophthalmic instruments market surged to $X in 2021, with an increase of 56% 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). Overall, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ophthalmic Instruments Exports

Exports from Iraq

In 2021, the amount of ophthalmic instruments and appliances exported from Iraq soared to X kg, with an increase of 639% compared with the previous year's figure. Over the period under review, exports continue to indicate mild growth. The growth pace was the most rapid in 2018 when exports increased by 669% against the previous year. The exports peaked at X kg in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, ophthalmic instruments exports surged to $X in 2021. In general, exports posted a notable expansion. The pace of growth was the most pronounced in 2018 with an increase of 513%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) was the main destination for ophthalmic instruments exports from Iraq, accounting for a 71% share of total exports. Moreover, ophthalmic instruments exports to Switzerland exceeded the volume sent to the second major destination, Germany (X kg), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Switzerland totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.9% per year) and France (-11.5% per year).

In value terms, Switzerland ($X) remains the key foreign market for ophthalmic instruments and appliances exports from Iraq, comprising 93% of total exports. The second position in the ranking was held by Germany ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Switzerland stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-11.9% per year) and France (-18.3% per year).

Export Prices by Country

In 2021, the average ophthalmic instruments export price amounted to $X per ton, falling by -33.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 138% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to France ($X per ton) 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 (+41.4%), while the prices for the other major destinations experienced mixed trend patterns.

Ophthalmic Instruments Imports

Imports into Iraq

In 2021, ophthalmic instruments imports into Iraq soared to X tons, increasing by 58% on 2020. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ophthalmic instruments imports skyrocketed to $X in 2021. In general, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), the United Arab Emirates (X tons) and South Korea (X tons) were the main suppliers of ophthalmic instruments imports to Iraq, with a combined 34% share of total imports. Germany, Italy, France, the United States, Japan, the Netherlands, Saudi Arabia, Lebanon, Switzerland and China lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +35.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ophthalmic instruments suppliers to Iraq were Germany ($X), Turkey ($X) and the United States ($X), together accounting for 33% of total imports. Italy, Japan, South Korea, France, the United Arab Emirates, Switzerland, the Netherlands, Lebanon, Saudi Arabia and China lagged somewhat behind, together comprising a further 32%.

Italy, with a CAGR of +33.0%, recorded the highest rates of growth with regard to 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

In 2021, the average ophthalmic instruments import price amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 55% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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