Iraq: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Iraq

After two years of growth, the Iraqi market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -25.9% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Iraq

In 2022, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Iraq amounted to X square meters, almost unchanged from 2021. Over the period under review, exports showed a significant increase. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs at X square meters in 2020; afterwards, it flattened through to 2022.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground contracted significantly to $X in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 44% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Jordan (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Iraq, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Jordan was relatively modest.

In value terms, Jordan ($X) emerged as the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Iraq.

From 2013 to 2022, the average annual rate of growth in terms of value to Jordan was relatively modest.

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, dropping by -15.4% against the previous year. In general, the export price, however, continues to indicate prominent growth. The growth pace was the most rapid in 2021 when the average export price increased by 44%. As a result, the export price attained the peak level of $X per square meter, and then shrank remarkably in the following year.

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

From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +10.9% per year.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Iraq

In 2022, supplies from abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -21.8% to X square meters for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 270% against the previous year. As a result, imports attained the peak of X square meters. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground declined dramatically to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 171%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Turkey (X square meters), Iran (X square meters) and Jordan (X square meters) were the main suppliers of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Iraq, together accounting for 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Iran ($X) and Jordan ($X) were the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground suppliers to Iraq, with a combined 91% share of total imports.

Turkey, with a CAGR of +17.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, waning by -5.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform