Iraq: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Iraq

The Iraqi market for window or wall air conditioning systems, self-contained or split-systems expanded modestly to $X in 2022, rising by 4.6% 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, consumption saw a buoyant increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Iraq

In 2022, exports of window or wall air conditioning systems, self-contained or split-systems from Iraq soared to X units, rising by 47% against the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 107%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 134%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X units) was the main destination for exports of window or wall air conditioning systems, self-contained or split-systems from Iraq, with a 91% share of total exports. It was followed by the Netherlands (X units), with a 2.3% share of total exports. Turkey (X units) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to Iran totaled -17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Turkey (-24.2% per year).

In value terms, Iran ($X) remains the key foreign market for window or wall air conditioning systems, self-contained or split-systems exports from Iraq, comprising 99% of total exports. The second position in the ranking was held by Turkey ($X), with a 0.5% share of total exports. It was followed by the Netherlands, with a 0.1% share.

From 2012 to 2022, the average annual growth rate of value to Iran amounted to -16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-35.9% per year) and the Netherlands (+41.4% per year).

Export Prices by Country

In 2022, the average export price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, rising by 5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 15% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to South Korea ($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 the Netherlands (+41.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Iraq

Imports of window or wall air conditioning systems, self-contained or split-systems into Iraq reached X units in 2022, approximately reflecting 2021. Overall, imports saw a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 48% against the previous year. Over the period under review, imports of attained the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems rose significantly to $X in 2022. Over the period under review, imports saw buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by 43%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of window, wall, or split air conditioning system to Iraq, accounting for a 92% share of total imports. It was followed by Thailand (X units), with a 2.6% share of total imports. The third position in this ranking was taken by South Korea (X units), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+8.9% per year) and South Korea (+51.9% per year).

In value terms, China ($X) constituted the largest supplier of window or wall air conditioning systems, self-contained or split-systems to Iraq, comprising 94% of total imports. The second position in the ranking was held by South Korea ($X), with a 2.3% share of total imports. It was followed by Thailand, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+58.7% per year) and Thailand (+2.0% per year).

Import Prices by Country

In 2022, the average import price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, growing by 4.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 20%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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