Iraq: Telephonic Switching Apparatus Market 2024

Telephonic Switching Apparatus Market Size in Iraq

In 2022, after five years of growth, there was decline in the Iraqi telephonic switching apparatus market, when its value decreased by -1.5% to $X. Over the period under review, consumption showed a buoyant increase. Telephonic switching apparatus consumption peaked at $X in 2021, and then fell modestly in the following year.

Telephonic Switching Apparatus Exports

Exports from Iraq

In 2022, the amount of telephonic or telegraphic switching apparatus exported from Iraq contracted slightly to X units, which is down by -4.1% compared with the previous year's figure. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 875% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, telephonic switching apparatus exports rose to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 1,112% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for telephonic switching apparatus exports from Iraq, with a 16% share of total exports. Moreover, telephonic switching apparatus exports to the Netherlands exceeded the volume sent to the second major destination, Hungary (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +45.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+270.3% per year) and France (-2.1% per year).

In value terms, the Netherlands ($X), Hungary ($X) and France ($X) appeared to be the largest markets for telephonic switching apparatus exported from Iraq worldwide, together comprising 67% of total exports.

Hungary, with a CAGR of +191.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average telephonic switching apparatus export price amounted to $X per unit, waning by -16.4% against the previous year. Over the period under review, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 54% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to the Netherlands ($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 Netherlands (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.

Telephonic Switching Apparatus Imports

Imports into Iraq

Telephonic switching apparatus imports into Iraq expanded significantly to X units in 2022, increasing by 8.2% on 2021. Over the period under review, imports saw a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 174% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, telephonic switching apparatus imports declined to $X in 2022. In general, imports saw tangible growth. The most prominent rate of growth was recorded in 2017 when imports increased by 46%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest telephonic switching apparatus supplier to Iraq, accounting for a 32% share of total imports. Moreover, telephonic switching apparatus imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The Netherlands (X units) ranked third in terms of total imports with a 1.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.5% per year) and the Netherlands (+22.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of telephonic or telegraphic switching apparatus to Iraq, comprising 45% of total imports. The second position in the ranking was taken by China ($X), with a 4.6% share of total imports. It was followed by the Netherlands, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.0% per year) and the Netherlands (+17.0% per year).

Import Prices by Country

In 2021, the average telephonic switching apparatus import price amounted to $X per unit, jumping by 49% against the previous year. Overall, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 64% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the United Arab Emirates ($X per unit) 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 (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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