Iraq: Market for Bed Linen Of Cotton 2024

Market Size for Bed Linen Of Cotton in Iraq

The Iraqi bed linen of cotton market shrank to $X in 2022, which is down by -4.2% 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, however, enjoyed a strong increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Exports of Bed Linen Of Cotton

Exports from Iraq

In 2022, overseas shipments of bed linen of cotton increased by 150% to X kg, rising for the second consecutive year after eight years of decline. In general, exports, however, recorded a abrupt slump. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bed linen of cotton exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a sharp descent. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for bed linen of cotton exports from Iraq, with a 37% share of total exports. Moreover, bed linen of cotton exports to the Netherlands exceeded the volume sent to the second major destination, Turkey (X kg), threefold. Germany (X kg) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-31.3% per year) and Germany (-6.7% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for bed linen of cotton exports from Iraq, comprising 41% of total exports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total exports. It was followed by Germany, with a 1% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-33.8% per year) and Germany (-22.6% per year).

Export Prices by Country

In 2022, the average bed linen of cotton export price amounted to $X per ton, dropping by -20.4% against the previous year. In general, the export price saw a noticeable slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by 78% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a 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 the Netherlands ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-3.6%), while the prices for the other major destinations experienced a decline.

Imports of Bed Linen Of Cotton

Imports into Iraq

In 2022, overseas purchases of bed linen of cotton decreased by -7.9% to X tons, falling for the third year in a row after five years of growth. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 95% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, bed linen of cotton imports dropped modestly to $X in 2022. In general, imports, however, posted prominent growth. The growth pace was the most rapid in 2019 when imports increased by 154% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest bed linen of cotton supplier to Iraq, with a 65% share of total imports. Moreover, bed linen of cotton imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Egypt (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +35.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.7% per year) and Egypt (+5.0% per year).

In value terms, China ($X) constituted the largest supplier of bed linen of cotton to Iraq, comprising 76% of total imports. The second position in the ranking was taken by Egypt ($X), with an 11% share of total imports. It was followed by Turkey, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +52.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+4.7% per year) and Turkey (+1.1% per year).

Import Prices by Country

In 2022, the average bed linen of cotton import price amounted to $X per ton, surging by 5.2% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bed linen of cotton import price increased by +62.2% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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