Plugs and Socket Price in Iraq - 2022

Plugs and Socket Price in Iraq (CIF) - 2022

In 2022, the average plugs and socket import price amounted to $0.1 per unit, increasing by 19% against the previous year. In general, the import price, however, showed a mild reduction. Over the period under review, average import prices hit record highs at $0.1 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($0.2 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Plugs and Socket Price in Iraq (FOB) - 2022

The average plugs and socket export price stood at $0.3 per unit in 2022, falling by -13.5% against the previous year. Over the period under review, the export price, however, continues to indicate a mild increase. The most prominent rate of growth was recorded in 2019 an increase of 62% against the previous year. The export price peaked at $0.4 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($0.5 per unit), while the average price for exports to Turkey amounted to $0.3 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+47.1%).

Plugs and Socket Imports in Iraq

In 2022, overseas purchases of electrical plugs and sockets for under 1000 v decreased by -5.6% to 560M units, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of 729M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plugs and socket imports rose significantly to $53M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. As a result, imports reached the peak of $57M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Plugs and Socket in Iraq (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	44.1	52.3	41.5	47.4	2.4%
United Arab Emirates	2.1	1.9	2.6	2.5	6.0%
Turkey	2.3	1.8	1.6	1.8	-7.8%
Others	1.3	1.3	1.5	1.5	4.9%
Total	49.8	57.3	47.1	53.1	2.2%

Top Suppliers of Plugs and Socket to Iraq in 2022:

China (522.8M units)
Turkey (19.6M units)
United Arab Emirates (12.3M units)

Plugs and Socket Exports in Iraq

In 2022, the amount of electrical plugs and sockets for under 1000 v exported from Iraq shrank dramatically to 14K units, waning by -63.7% on 2021. Overall, exports showed a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 175% against the previous year. Over the period under review, the exports attained the maximum at 45K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, plugs and socket exports declined sharply to $4.1K in 2022. In general, exports saw a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 142%. As a result, the exports attained the peak of $13K, and then declined remarkably in the following year.