Iraq: Athletic Footwear Market 2024

Athletic Footwear Market Size in Iraq

The Iraqi athletic footwear market contracted dramatically to $X in 2022, reducing by -22.2% 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). In general, consumption showed a deep reduction. Athletic footwear consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Athletic Footwear Exports

Exports from Iraq

In 2022, approx. X pairs of athletic footwear were exported from Iraq; waning by -37.6% on the year before. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 445% against the previous year. As a result, the exports reached the peak of X pairs, and then reduced sharply in the following year.

In value terms, athletic footwear exports reduced markedly to $X in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 497% against the previous year. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Sweden (X pairs), the Netherlands (X pairs) and France (X pairs) were the main destinations of athletic footwear exports from Iraq, together comprising 42% of total exports. Indonesia, the Philippines, Austria and Hungary lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +80.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for athletic footwear exported from Iraq were Hungary ($X), France ($X) and the Netherlands ($X), together accounting for 35% of total exports.

Hungary, with a CAGR of +99.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average athletic footwear export price stood at $X per pair in 2022, falling by -6.4% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 an increase of 84% against the previous year. The export price peaked at $X per pair in 2021, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per pair), while the average price for exports to the Philippines ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+213.5%), while the prices for the other major destinations experienced more modest paces of growth.

Athletic Footwear Imports

Imports into Iraq

In 2022, athletic footwear imports into Iraq fell rapidly to X pairs, which is down by -16.6% against the previous year's figure. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 98%. Over the period under review, imports reached the peak figure at X pairs in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, athletic footwear imports fell rapidly to $X in 2022. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by 136% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iran (X pairs) constituted the largest supplier of athletic footwear to Iraq, accounting for a 30% share of total imports. Moreover, athletic footwear imports from Iran exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X pairs), twofold. Turkey (X pairs) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iran amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-19.8% per year) and Turkey (-6.4% per year).

In value terms, Iran ($X) constituted the largest supplier of athletic footwear to Iraq, comprising 55% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 24% share of total imports. It was followed by China, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Iran stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-19.3% per year) and China (+53.3% per year).

Import Prices by Country

In 2022, the average athletic footwear import price amounted to $X per pair, shrinking by -9.6% against the previous year. In general, the import price saw a perceptible decrease. The pace of growth was the most pronounced in 2014 an increase of 27% against the previous year. The import price peaked at $X per pair in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per pair), while the price for Turkey ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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