Iraq: Toy Market 2024

Toy Market Size in Iraq

After two years of decline, the Iraqi toy market increased by 13% to $X in 2021. In general, consumption enjoyed a remarkable increase. Toy consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Toy Production in Iraq

In value terms, toy production surged to $X in 2021 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.1% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 56% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Toy Exports

Exports from Iraq

In 2021, shipments abroad of dolls and toys increased by 33% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by 1,305%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, toy exports soared to $X in 2021. Over the period under review, exports enjoyed measured growth. The pace of growth appeared the most rapid in 2015 with an increase of 782%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg), the United Arab Emirates (X kg) and Turkey (X kg) were the main destinations of toy exports from Iraq, with a combined 25% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +69.0%), while the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) emerged as the key foreign market for dolls and toys exports from Iraq, comprising 27% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.2% share of total exports. It was followed by the United Arab Emirates, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-65.0% per year) and the United Arab Emirates (0.0% per year).

Export Prices by Country

In 2021, the average toy export price amounted to $X per ton, growing by 15% against the previous year. Overall, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 91% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+126.0%), while the prices for the other major destinations experienced a decline.

Toy Imports

Imports into Iraq

In 2021, purchases abroad of dolls and toys decreased by -8.3% to X tons, falling for the third consecutive year after four years of growth. In general, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 654%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, toy imports skyrocketed to $X in 2021. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,219% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) was the main toy supplier to Iraq, with a 95% share of total imports. Moreover, toy imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.9% per year) and Turkey (-1.7% per year).

In value terms, China ($X) constituted the largest supplier of dolls and toys to Iraq, comprising 52% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +37.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.0% per year) and Turkey (-8.2% per year).

Import Prices by Country

The average toy import price stood at $X per ton in 2021, surging by 57% against the previous year. Overall, the import price recorded a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 78%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :