Iraq: Baby Garment Market 2024

Baby Garment Market Size in Iraq

The Iraqi baby garment market reduced markedly to $X in 2022, waning by -34.5% against the previous year. In general, consumption saw a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Baby Garment Production in Iraq

In value terms, baby garment production declined markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 63%. Baby garment production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Baby Garment Exports

Exports from Iraq

Baby garment exports from Iraq soared to X units in 2022, rising by 20% compared with 2021. Overall, exports, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 707% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, baby garment exports contracted markedly to $X in 2022. Over the period under review, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 374% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), the United Arab Emirates (X units) and Turkey (X units) were the main destinations of baby garment exports from Iraq, together accounting for 71% of total exports. Austria, Sweden, France, Finland and Germany lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for babies’ garments and clothing accessories (knitted or crocheted) exports from Iraq, comprising 49% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 21% share of total exports. It was followed by Sweden, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at -15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+21.4% per year) and Sweden (-0.4% per year).

Export Prices by Country

In 2022, the average baby garment export price amounted to $X per unit, with a decrease of -34.6% against the previous year. Overall, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 64%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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 Turkey ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Garment Imports

Imports into Iraq

In 2022, after three years of growth, there was significant decline in overseas purchases of babies’ garments and clothing accessories (knitted or crocheted), when their volume decreased by -38.2% to X units. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 259%. Over the period under review, imports hit record highs at X units in 2021, and then dropped dramatically in the following year.

In value terms, baby garment imports fell significantly to $X in 2022. Over the period under review, imports, however, saw a moderate expansion. The growth pace was the most rapid in 2015 when imports increased by 160%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest baby garment supplier to Iraq, with a 85% share of total imports. Moreover, baby garment imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +35.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+2.8% per year) and China (+6.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of babies’ garments and clothing accessories (knitted or crocheted) to Iraq, comprising 72% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.4% per year) and the United Arab Emirates (-11.2% per year).

Import Prices by Country

In 2022, the average baby garment import price amounted to $X per unit, picking up by 3% against the previous year. In general, the import price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 31%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform