Report Update Nov 1, 2024

Iraq - Furniture of Plastic - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Plastic Furniture Market 2024

Plastic Furniture Market Size in Iraq

In 2021, the Iraqi plastic furniture market decreased by -12.4% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Plastic Furniture Production in Iraq

In value terms, plastic furniture production expanded modestly to $X in 2021 estimated in export price. In general, production enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 842%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Plastic Furniture Exports

Exports from Iraq

In 2021, overseas shipments of furniture of plastic increased by 33% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2017 with an increase of 137%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, plastic furniture exports surged to $X in 2021. Overall, exports continue to indicate a pronounced expansion. The growth pace was the most rapid in 2017 when exports increased by 152% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for plastic furniture exports from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at +16.6%.

In value terms, Turkey ($X) also remains the key foreign market for plastic furniture exports from Iraq.

From 2012 to 2021, the average annual growth rate of value to Turkey amounted to +24.0%.

Export Prices by Country

The average plastic furniture export price stood at $X per unit in 2021, surging by 7.3% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 17%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Lebanon amounted to +8.5% per year.

Plastic Furniture Imports

Imports into Iraq

In 2021, supplies from abroad of furniture of plastic decreased by -30.1% to X units, falling for the third year in a row after two years of growth. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 32%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, plastic furniture imports dropped notably to $X in 2021. Over the period under review, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of 26%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Iran (X units), China (X units) and Turkey (X units) were the main suppliers of plastic furniture imports to Iraq, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +21.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest plastic furniture suppliers to Iraq were China ($X), Iran ($X) and Turkey ($X), with a combined 94% share of total imports.

Iran, with a CAGR of +24.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average plastic furniture import price stood at $X per unit in 2021, picking up by 7% against the previous year. Overall, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic furniture import price increased by +38.7% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 60% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Kuwait ($X per unit), while the price for Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furniture of plastic in the world?

The country with the largest volume of plastic furniture consumption was China, accounting for 17% of total volume. Moreover, plastic furniture consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.5% share.

What are the largest producers of furniture of plastic in the world?

The country with the largest volume of plastic furniture production was China, comprising approx. 41% of total volume. Moreover, plastic furniture production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. Italy ranked third in terms of total production with a 4.6% share.

What are the leading suppliers of furniture of plastic to Iraq?

In value terms, China constituted the largest supplier of plastic furniture to Iraq, comprising 53% of total imports. The second position in the ranking was occupied by Iran, with a 25% share of total imports. It was followed by Turkey, with a 13% share.

What are the leading importers of furniture of plastic from Iraq?

In value terms, Turkey remains the key foreign market for plastic furniture exports from Iraq.

What is the average export price for furniture of plastic in Iraq?

In 2021, the average plastic furniture export price amounted to $4.6 per unit, increasing by 1.6% against the previous year.

What is the average import price for furniture of plastic in Iraq?

The average plastic furniture import price stood at $2.9 per unit in 2021, dropping by -5.6% against the previous year.

This report provides an in-depth analysis of the plastic furniture market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31091430 - Furniture of plastics (excluding medical, surgical, dental or veterinary furniture - cases and cabinets specially designed for hi-fi systems, videos and televisions)

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023