Iraq: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Iraq

The Iraqi plastic tableware and kitchenware market amounted to $X in 2022, stabilizing at 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 continues to indicate a strong expansion. Plastic tableware and kitchenware consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Plastic Tableware And Kitchenware

Exports from Iraq

In 2022, overseas shipments of plastic tableware and kitchenware decreased by -11.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of 600%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, plastic tableware and kitchenware exports surged to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 390%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons), the UK (X tons) and Argentina (X tons) were the main destinations of plastic tableware and kitchenware exports from Iraq, together accounting for 89% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +29.9%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Argentina ($X) and the UK ($X) constituted the largest markets for plastic tableware and kitchenware exported from Iraq worldwide, together accounting for 92% of total exports.

Turkey, with a CAGR of +27.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average plastic tableware and kitchenware export price amounted to $X per ton, rising by 63% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to the UK ($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 (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Tableware And Kitchenware

Imports into Iraq

In 2022, approx. X tons of plastic tableware and kitchenware were imported into Iraq; growing by 1.6% against the year before. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 116% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic tableware and kitchenware imports reached $X in 2022. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 164% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of plastic tableware and kitchenware imports to Iraq, together comprising 83% of total imports. Lebanon, Kuwait, Iran, the UK and Jordan lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of +35.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the largest plastic tableware and kitchenware suppliers to Iraq, with a combined 82% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +38.4%, 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 more modest paces of growth.

Import Prices by Country

The average plastic tableware and kitchenware import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic tableware and kitchenware import price increased by +37.7% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then dropped modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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