Report Update Nov 1, 2024

Iraq - Aluminium Bars, Rods and Profiles - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Aluminium Bar Market 2024

Aluminium Bar Market Size in Iraq

In 2021, the Iraqi aluminium bar market increased by 15% to $X, rising for the fifth consecutive year after four years of decline. In general, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +100.1% against 2016 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Aluminium Bar Exports

Exports from Iraq

In 2021, the amount of aluminium bars, rods and profiles exported from Iraq declined sharply to X tons, with a decrease of -98.4% against the year before. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 1,143% against the previous year. As a result, the exports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, aluminium bar exports declined rapidly to $X in 2021. Overall, exports showed a deep slump. The growth pace was the most rapid in 2020 when exports increased by 975%. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Turkey (X tons) was the main destination for aluminium bar exports from Iraq, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled -18.3%.

In value terms, Turkey ($X) also remains the key foreign market for aluminium bars, rods and profiles exports from Iraq.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at -16.7%.

Export Prices by Country

In 2021, the average aluminium bar export price amounted to $X per ton, rising by 58% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +2.0% per year.

Aluminium Bar Imports

Imports into Iraq

In 2021, after four years of growth, there was significant decline in overseas purchases of aluminium bars, rods and profiles, when their volume decreased by -6% to X tons. Overall, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.9% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then declined in the following year.

In value terms, aluminium bar imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.0% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of aluminium bar to Iraq, with a 80% share of total imports. Moreover, aluminium bar imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.4% per year) and the United Arab Emirates (+0.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of aluminium bars, rods and profiles to Iraq, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.8% per year) and the United Arab Emirates (+0.8% per year).

Import Prices by Country

The average aluminium bar import price stood at $X per ton in 2021, jumping by 27% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium bars, rods and profiles in the world?

China constituted the country with the largest volume of aluminium bar consumption, accounting for 25% of total volume. Moreover, aluminium bar consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Brazil ranked third in terms of total consumption with a 6.9% share.

What are the largest producers of aluminium bars, rods and profiles in the world?

China remains the largest aluminium bar producing country worldwide, accounting for 28% of total volume. Moreover, aluminium bar production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. Brazil ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of aluminium bars, rods and profiles to Iraq?

In value terms, Turkey constituted the largest supplier of aluminium bar to Iraq, comprising 77% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports.

What are the leading importers of aluminium bars, rods and profiles from Iraq?

In value terms, Turkey remains the key foreign market for aluminium bar exports from Iraq.

What is the average export price for aluminium bars, rods and profiles in Iraq?

In 2020, the average aluminium bar export price amounted to $3,759 per ton, falling by -2.2% against the previous year.

What is the average import price for aluminium bars, rods and profiles in Iraq?

The average aluminium bar import price stood at $3,056 per ton in 2020, remaining constant against the previous year.

This report provides an in-depth analysis of the aluminium bar market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24422230 - Aluminium bars, rods and profiles (excluding rods and profiles prepared for use in structures)
Prodcom 24422250 - Aluminium alloy bars, rods, profiles and hollow profiles (excluding rods and profiles prepared for use in structures)

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023