Report Update Nov 1, 2024

Iraq - Glass Fibres and Glass Wool - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Iraq

The Iraqi glass fibres and wool market fell notably to $X in 2022, waning by -30.9% 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 continues to indicate a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Exports of Glass Fibres And Glass Wool

Exports from Iraq

In 2015, exports of glass fibres and glass wool from Iraq was estimated at X tons, leveling off at 2014 figures. Over the period under review, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2014. The exports peaked in 2015 and are expected to retain growth in the near future.

In value terms, glass fibres and wool exports amounted to $X in 2015. Overall, exports showed a significant increase. The smallest decline of 99.9% was in 2014. The exports peaked in 2015 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X tons) was the main destination for glass fibres and wool exports from Iraq, accounting for a approx. 100% share of total exports.

From 2013 to 2015, the average annual growth rate of volume to the United Arab Emirates stood at +48.4%.

From 2013 to 2015, the average annual growth rate of value to the United Arab Emirates amounted to +213.1%.

Export Prices by Country

The average glass fibres and wool export price stood at $X per ton in 2015, approximately reflecting the previous year. Overall, the export price recorded a significant expansion. The pace of growth was the most pronounced in 2014 a decrease of 99.9% against the previous year. Over the period under review, the average export prices reached the maximum in 2015 and is expected to retain growth in years to come.

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

From 2013 to 2015, the rate of growth in terms of prices for the United Arab Emirates amounted to +110.9% per year.

Imports of Glass Fibres And Glass Wool

Imports into Iraq

In 2022, glass fibres and wool imports into Iraq shrank rapidly to X tons, waning by -37.5% on the previous year. In general, imports faced a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 193% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, glass fibres and wool imports dropped markedly to $X in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 136%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of glass fibres and wool to Iraq, with a 61% share of total imports. Moreover, glass fibres and wool imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by Turkey (X tons), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.5% per year) and Turkey (-24.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of glass fibres and glass wool to Iraq, comprising 47% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by Turkey, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.3% per year) and Turkey (-20.6% per year).

Import Prices by Country

In 2022, the average glass fibres and wool import price amounted to $X per ton, jumping by 20% against the previous year. Overall, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2016 an increase of 83%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Malaysia ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+34.2%), 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 glass fibres and glass wool in the world?

The countries with the highest volumes of in 2021 were China, the UK and India, with a combined 38% share of global consumption. These countries were followed by the United States, Japan, Belgium, Russia, France, Mexico, Germany, Turkey, South Korea and Finland, which together accounted for a further 33%.

What are the largest producers of glass fibres and glass wool in the world?

China constituted the country with the largest volume of glass fibres and wool production, comprising approx. 25% of total volume. Moreover, glass fibres and wool production in China exceeded the figures recorded by the second-largest producer, the UK, twofold. The third position in this ranking was occupied by India, with a 7.3% share.

What are the leading suppliers of glass fibres and glass wool to Iraq?

In value terms, the largest glass fibres and wool suppliers to Iraq were Turkey, China and the United Arab Emirates, with a combined 66% share of total imports. These countries were followed by Saudi Arabia, Kuwait and Egypt, which together accounted for a further 21%.

What is the average export price for glass fibres and glass wool in Iraq?

In 2013, the average glass fibres and wool export price amounted to $7,491 per ton, approximately reflecting the previous year.

What is the average import price for glass fibres and glass wool in Iraq?

In 2021, the average glass fibres and wool import price amounted to $1,896 per ton, shrinking by -13.1% against the previous year.

This report provides an in-depth analysis of the market for glass fibres and wool 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 23141297 - Glass fibres, incl. glass wool, and articles thereof (excl. staple fibres, rovings, yarn, chopped strands, woven fabrics, also narrow fabrics, thin sheets voiles, webs, mats, mattresses and boards and similar nonwoven products, mineral wool and articles thereof, electrical insulators or parts thereof, optical fibres, fibre bundles or cable, brushes of glass fibres, and dolls' wigs)

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