Iraq: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Iraq

The Iraqi refrigerator and freezer market expanded markedly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption enjoyed a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Refrigerator And Freezer Production in Iraq

In value terms, refrigerator and freezer production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Refrigerator And Freezer Exports

Exports from Iraq

After two years of growth, shipments abroad of refrigerators and freezers decreased by X% to X units in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then dropped slightly in the following year.

In value terms, refrigerator and freezer exports stood at $X in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X units) was the main destination for refrigerator and freezer exports from Iraq, with a X% share of total exports. Moreover, refrigerator and freezer exports to the Netherlands exceeded the volume sent to the second major destination, Turkey (X units), more than tenfold. The third position in this ranking was taken by Iran (X units), with less than X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Iran (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for refrigerators and freezers exports from Iraq, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Iran, with less than X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Iran (X% per year).

Export Prices by Country

The average refrigerator and freezer export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price enjoyed a strong increase. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into Iraq

In 2022, imports of refrigerators and freezers into Iraq rose notably to X units, growing by X% on the previous year's figure. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, refrigerator and freezer imports expanded significantly to $X in 2022. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of refrigerator and freezer to Iraq, with a X% share of total imports. Moreover, refrigerator and freezer imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. The third position in this ranking was taken by the United Arab Emirates (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of refrigerators and freezers to Iraq, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average refrigerator and freezer import price amounted to $X per unit, declining by X% against the previous year. In general, the import price continues to indicate a slight reduction. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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