Iraq: Plaster Article Market 2024

Plaster Article Market Size in Iraq

The Iraqi plaster article market surged to $X in 2021, rising by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. Plaster article consumption peaked in 2021 and is likely to continue growth in the immediate term.

Plaster Article Exports

Exports from Iraq

In 2021, after two years of decline, there was significant growth in shipments abroad of articles of plaster or of compositions based on plaster, when their volume increased by 193% to X tons. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 129,475% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, plaster article exports surged to $X in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 12,132% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for plaster article exports from Iraq, with a 94% share of total exports. Moreover, plaster article exports to Turkey exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled +61.1%.

In value terms, Turkey ($X) remains the key foreign market for plaster article exports from Iraq, comprising 93% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at +27.1%.

Export Prices by Country

The average plaster article export price stood at $X per ton in 2021, falling by -38.3% against the previous year. Overall, the export price continues to indicate a dramatic contraction. The growth pace was the most rapid in 2017 an increase of 555% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Turkey totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-21.2%).

Plaster Article Imports

Imports into Iraq

In 2021, plaster article imports into Iraq surged to X tons, growing by 17% on the previous year. Overall, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.1% 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 +13.4% against 2018 indices. The growth pace was the most rapid in 2017 when imports increased by 40%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, plaster article imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 30% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) was the main plaster article supplier to Iraq, accounting for a 95% share of total imports. It was followed by the United Arab Emirates (X tons), with a 2.3% share of total imports. Saudi Arabia (X tons) ranked third in terms of total imports with a 1.1% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+17.2% per year) and Saudi Arabia (-25.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of plaster article to Iraq, comprising 90% of total imports. The second position in the ranking was held by Iran ($X), with a 3.2% share of total imports. It was followed by the United Arab Emirates, with a 3% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+16.4% per year) and the United Arab Emirates (+9.1% per year).

Import Prices by Country

The average plaster article import price stood at $X per ton in 2021, surging by 6.8% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 9%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+23.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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