Iraq: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Iraq

In 2021, the Iraqi market for bottles, jars and other containers of glass decreased by -15.6% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Iraq

In value terms, glass bottle, jar and container production declined notably to $X in 2021 estimated in export price. Overall, production recorded a mild decline. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. As a result, production reached the peak level of $X, and then declined rapidly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Iraq

After three years of growth, shipments abroad of bottles, jars and other containers of glass decreased by -64.7% to X units in 2021. Overall, exports showed a sharp downturn. The pace of growth was the most pronounced in 2016 with an increase of 702%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, glass bottle, jar and container exports dropped significantly to $X in 2021. In general, exports saw a sharp downturn. The pace of growth was the most pronounced in 2016 when exports increased by 724% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for glass bottle, jar and container exports from Iraq, accounting for a 99% share of total exports. It was followed by Turkey (X units), with a 0.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +39.3%.

In value terms, the Netherlands ($X) emerged as the key foreign market for bottles, jars and other containers of glass exports from Iraq, comprising 93% of total exports. The second position in the ranking was held by Turkey ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +22.8%.

Export Prices by Country

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, waning by -51.9% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 155% against the previous year. As a result, the export price attained the peak level of $X per unit, and then fell sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to the Netherlands stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+19.1%).

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Iraq

In 2021, supplies from abroad of bottles, jars and other containers of glass increased by 13% to X units, rising for the second year in a row after two years of decline. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 305%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, glass bottle, jar and container imports surged to $X in 2021. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 261% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X units), Saudi Arabia (X units) and Oman (X units) were the main suppliers of glass bottle, jar and container imports to Iraq, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +89.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Saudi Arabia ($X) and China ($X) appeared to be the largest glass bottle, jar and container suppliers to Iraq, together accounting for 66% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +79.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, surging by 3.4% against the previous year. Overall, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 37% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by China (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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