Iraq: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Iraq

In 2021, the Iraqi needles, catheters, cannulae market decreased by X% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption posted significant growth. Over the period under review, the market reached the peak level at $X in 2020, and then declined markedly in the following year.

Needles, Catheters, Cannulae Exports

Exports from Iraq

Needles, catheters, cannulae exports from Iraq shrank modestly to X units in 2023, with a decrease of X% compared with the previous year's figure. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, needles, catheters, cannulae exports declined to $X in 2023. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for needles, catheters, cannulae exports from Iraq, with a X% share of total exports. Moreover, needles, catheters, cannulae exports to Turkey exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for needles, catheters, cannulae exports from Iraq, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and the UK (X% per year).

Export Prices by Country

In 2023, the average needles, catheters, cannulae export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2023, the average 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 the Netherlands ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Needles, Catheters, Cannulae Imports

Imports into Iraq

For the third consecutive year, Iraq recorded growth in supplies from abroad of needles, catheters, cannulae, which increased by X% to X units in 2023. Overall, imports saw a strong increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in years to come.

In value terms, needles, catheters, cannulae imports amounted to $X in 2023. Over the period under review, imports enjoyed measured growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, China (X units) constituted the largest supplier of needles, catheters, cannulae to Iraq, accounting for a X% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), ninefold. The third position in this ranking was held by Turkey (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

In value terms, the largest needles, catheters, cannulae suppliers to Iraq were China ($X), the Netherlands ($X) and India ($X), together comprising X% of total imports.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average needles, catheters, cannulae import price amounted to $X per unit, falling by X% against the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China (less than $X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform