Price for Non-Keyboard Electrical Musical Instruments in Iraq - 2022

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Iraq (CIF) - 2022
2. Price for Non-Keyboard Electrical Musical Instruments in Iraq (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in Iraq
4. Exports of Non-Keyboard Electrical Musical Instruments in Iraq

Price for Non-Keyboard Electrical Musical Instruments in Iraq (CIF) - 2022

In 2022, the average non-keyboard electrical musical instruments import price amounted to $346 per unit, waning by -11.8% against the previous year. Over the period under review, the import price, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 268% against the previous year. As a result, import price reached the peak level of $405 per unit. From 2019 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 Lebanon ($702 per unit), while the price for China ($32 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Non-Keyboard Electrical Musical Instruments in Iraq (FOB) - 2022

In 2022, the average non-keyboard electrical musical instruments export price amounted to $268 per unit, reducing by -42.6% against the previous year. Overall, the export price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 502%. The export price peaked at $467 per unit in 2021, and then plummeted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($437 per unit), while the average price for exports to Sweden stood at $99 per unit.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Iraq

Non-keyboard electrical musical instruments imports into Iraq surged to 3.1K units in 2022, with an increase of 159% compared with the year before. Over the period under review, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports skyrocketed to $1.1M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Non-Keyboard Electrical Musical Instruments to Iraq in 2022:

1. United Arab Emirates (2322.0 units)
2. Turkey (383.0 units)
3. China (287.0 units)
4. Lebanon (47.0 units)
5. United States (29.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Iraq

After three years of growth, shipments abroad of non-keyboard electrical musical instrumentses decreased by -50% to 2 units in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 100%. As a result, the exports reached the peak of 4 units, and then contracted dramatically in the following year.

In value terms, non-keyboard electrical musical instruments exports contracted remarkably to $536 in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 502%. The exports peaked at $1.9K in 2021, and then dropped markedly in the following year.

Top Export Markets for Non-Keyboard Electrical Musical Instruments from Iraq in 2022:

1. Sweden (1.0 units)
2. Portugal (1.0 units)

Source: IndexBox Market Intelligence Platform