Iraq: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Iraq

The Iraqi market for building blocks and bricks of cement, concrete or artificial stone shrank slightly to $X in 2021, dropping by -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, recorded a mild increase. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports from Iraq

In 2021, shipments abroad of building blocks and bricks of cement, concrete or artificial stone increased by 5.9% to X tons, rising for the third consecutive year after five years of decline. Overall, exports, however, continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2013 when exports increased by 44%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone shrank sharply to $X in 2021. Over the period under review, exports, however, recorded a precipitous setback. The most prominent rate of growth was recorded in 2013 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for exports of building blocks and bricks of cement, concrete or artificial stone from Iraq, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at -34.7%.

In value terms, Turkey ($X) also remains the key foreign market for building blocks and bricks of cement, concrete or artificial stone exports from Iraq.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at -42.4%.

Export Prices by Country

The average export price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2021, dropping by -24.6% against the previous year. Overall, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2016 an increase of 64%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -11.9% per year.

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports into Iraq

For the fifth consecutive year, Iraq recorded decline in purchases abroad of building blocks and bricks of cement, concrete or artificial stone, which decreased by -7.6% to X tons in 2021. In general, imports, however, enjoyed measured growth. The growth pace was the most rapid in 2013 when imports increased by 220%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone rose to $X in 2021. Overall, imports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 245%. Over the period under review, imports of hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Kuwait (X tons) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to Iraq, accounting for a 67% share of total imports. Moreover, imports of building blocks and bricks of cement, concrete or artificial stone from Kuwait exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Kuwait amounted to +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-8.3% per year) and Saudi Arabia (-6.2% per year).

In value terms, Kuwait ($X), Turkey ($X) and Saudi Arabia ($X) were the largest building blocks and bricks of cement, concrete or artificial stone suppliers to Iraq, together accounting for 92% of total imports.

Among the main suppliers, Kuwait, with a CAGR of +14.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, surging by 13% against the previous year. Overall, the import price, however, saw a slight decrease. The growth pace was the most rapid in 2015 an increase of 33%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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