Iraq: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Iraq

The Iraqi market for flexible tubes, pipes and hoses of plastics, without fittings skyrocketed to $X in 2022, increasing by 34% 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, continues to indicate a deep slump. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Iraq

After two years of growth, overseas shipments of flexible tubes, pipes and hoses of plastics, without fittings decreased by -40.5% to X kg in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 887% against the previous year. The exports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings contracted sharply to $X in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 923%. The exports peaked at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

Ireland (X kg) was the main destination for exports of flexible tubes, pipes and hoses of plastics, without fittings from Iraq, accounting for a 37% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, without fittings to Ireland exceeded the volume sent to the second major destination, China (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland was relatively modest.

In value terms, Ireland ($X) emerged as the key foreign market for flexible tubes, pipes and hoses of plastics, without fittings exports from Iraq, comprising 48% of total exports. The second position in the ranking was held by China ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ireland was relatively modest.

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, with an increase of 13% against the previous year. In general, the export price recorded a modest increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 102% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+24.0%), while the prices for the other major destinations experienced a decline.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Iraq

In 2022, imports of flexible tubes, pipes and hoses of plastics, without fittings into Iraq soared to X tons, increasing by 25% compared with the previous year. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 62%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings surged to $X in 2022. In general, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by 96% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iran (X tons) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, without fittings to Iraq, accounting for a 63% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, without fittings from Iran exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was held by Saudi Arabia (X tons), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from Iran totaled +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-8.6% per year) and Saudi Arabia (-27.0% per year).

In value terms, Iran ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, without fittings to Iraq, comprising 47% of total imports. The second position in the ranking was held by China ($X), with a 7.4% share of total imports. It was followed by Saudi Arabia, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Iran stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.7% per year) and Saudi Arabia (-22.4% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, growing by 8.7% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flexible tubes, pipes and hoses of plastics, without fittings decreased by -27.3% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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