Iraq: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Iraq

The Iraqi eye make-up preparations market fell to $X in 2022, waning by -11.9% 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). Overall, consumption, however, enjoyed prominent growth. Eye make-up preparations consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Eye Make-Up Preparations Exports

Exports from Iraq

In 2022, overseas shipments of eye make-up preparations decreased by -6.1% to X kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a perceptible increase. The growth pace was the most rapid in 2020 when exports increased by 825% against the previous year. Over the period under review, the exports hit record highs at X kg in 2021, and then shrank in the following year.

In value terms, eye make-up preparations exports declined notably to $X in 2022. Overall, exports, however, posted mild growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,531% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined significantly in the following year.

Exports by Country

Austria (X kg), Sweden (X kg) and Finland (X kg) were the main destinations of eye make-up preparations exports from Iraq, together accounting for 41% 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 Finland (with a CAGR of +32.0%), while the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Sweden ($X) and Austria ($X) appeared to be the largest markets for eye make-up preparations exported from Iraq worldwide, with a combined 50% share of total exports.

Finland, with a CAGR of +289.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average eye make-up preparations export price stood at $X per ton in 2022, falling by -19.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 104% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Cyprus ($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 Finland (+195.2%), while the prices for the other major destinations experienced more modest paces of growth.

Eye Make-Up Preparations Imports

Imports into Iraq

Eye make-up preparations imports into Iraq contracted sharply to X tons in 2022, declining by -19.4% on 2021 figures. Overall, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 170% against the previous year. Imports peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, eye make-up preparations imports declined to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 82% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of eye make-up preparations imports to Iraq, with a combined 62% share of total imports. China, Lebanon and Denmark lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lebanon (with a CAGR of +84.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest eye make-up preparations suppliers to Iraq were the United Arab Emirates ($X), Germany ($X) and Turkey ($X), together comprising 54% of total imports. Lebanon, China and Denmark lagged somewhat behind, together comprising a further 6.6%.

In terms of the main suppliers, Lebanon, with a CAGR of +59.6%, saw 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 eye make-up preparations import price stood at $X per ton in 2022, with an increase of 14% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 65%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per ton), while the price for China ($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 (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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