Price for Electrical Fuses for Under 1000 V in Iraq - 2022
Contents:
- Price for Electrical Fuses for Under 1000 V in Iraq (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Iraq (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Iraq
- Exports of Electrical Fuses for Under 1000 V in Iraq
Price for Electrical Fuses for Under 1000 V in Iraq (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $17 per thousand units, with an increase of 5.6% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2013 an increase of 71%. As a result, import price attained the peak level of $45 per thousand units. From 2014 to 2022, the average 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 India ($86 per thousand units), while the price for China ($14 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Iraq (FOB) - 2022
The average export price for electrical fuses for under 1000 v stood at $19 per thousand units in 2022, dropping by -6.4% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 41%. The export price peaked at $72 per thousand units in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
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 Turkey ($62 per thousand units), while the average price for exports to Iran totaled $16 per thousand units.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+7.7%), while the prices for the other major destinations experienced a decline.
Imports of Electrical Fuses for Under 1000 V in Iraq
In 2022, imports of electrical fuses for under 1000 v into Iraq skyrocketed to 332M units, rising by 20% on 2021 figures. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +26.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of electrical fuses for under 1000 v surged to $5.7M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electrical Fuses for Under 1000 V in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,315 | 2,008 | 2,597 | 3,424 | 37.6% |
| Turkey | 606 | 502 | 802 | 901 | 14.1% |
| United Arab Emirates | 408 | 476 | 454 | 606 | 14.1% |
| Italy | 203 | 125 | 187 | 252 | 7.5% |
| Others | 986 | 557 | 486 | 560 | -17.2% |
| Total | 3,519 | 3,668 | 4,527 | 5,743 | 17.7% |
Top Suppliers of Electrical Fuses for Under 1000 V to Iraq in 2022:
- China (248.0M units)
- Turkey (43.4M units)
- United Arab Emirates (27.3M units)
- Italy (4.1M units)
Exports of Electrical Fuses for Under 1000 V in Iraq
For the third year in a row, Iraq recorded decline in shipments abroad of electrical fuses for under 1000 v, which decreased by -81.8% to 60K units in 2022. Overall, exports showed a sharp decline. The smallest decline of -16.1% was in 2020. The exports peaked at 479K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electrical fuses for under 1000 v shrank notably to $1.1K in 2022. Over the period under review, exports continue to indicate a sharp curtailment. The smallest decline of -14.9% was in 2020. The exports peaked at $11K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electrical Fuses for Under 1000 V in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 9.3 | 7.3 | 2.7 | 0.9 | -54.1% |
| Turkey | 1.4 | 1.8 | 3.8 | 0.2 | -47.7% |
| Netherlands | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.7 | 9.1 | 6.6 | 1.1 | -53.2% |
Top Export Markets for Electrical Fuses for Under 1000 V from Iraq in 2022:
- Iran (57.1K units)
- Turkey (2.9K units)
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