Iraq: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Iraq

In 2022, the Iraqi telephone apparatus market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Telephone Apparatus Exports

Exports from Iraq

After four years of growth, shipments abroad of telephone apparatus decreased by -3.2% to X tons in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 823% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined modestly in the following year.

In value terms, telephone apparatus exports reduced to $X in 2022. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 48% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for telephone apparatus exports from Iraq, with a 43% share of total exports. Moreover, telephone apparatus exports to the Netherlands exceeded the volume sent to the second major destination, Hungary (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+271.4% per year) and Hong Kong SAR (-21.9% per year).

In value terms, the largest markets for telephone apparatus exported from Iraq were the Netherlands ($X), Hungary ($X) and Hong Kong SAR ($X).

In terms of the main countries of destination, Hungary, with a CAGR of +212.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, increasing by 8.5% against the previous year. In general, the export price, however, showed a significant contraction. The most prominent rate of growth was recorded in 2014 an increase of 55%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the Netherlands ($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 (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.

Telephone Apparatus Imports

Imports into Iraq

In 2022, after three years of decline, there was significant growth in overseas purchases of telephone apparatus, when their volume increased by 12% to X tons. Over the period under review, imports, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 290%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, telephone apparatus imports rose remarkably to $X in 2022. Overall, imports showed noticeable growth. The pace of growth appeared the most rapid in 2017 with an increase of 279% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of telephone apparatus to Iraq, accounting for a 58% share of total imports. Moreover, telephone apparatus imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.1% per year) and Sweden (-20.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of telephone apparatus to Iraq, comprising 104% of total imports. The second position in the ranking was taken by China ($X), with a 7.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.5% per year) and Sweden (-25.0% per year).

Import Prices by Country

The average telephone apparatus import price stood at $X per ton in 2021, increasing by 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.0%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 31%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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