Iraq: Market for Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings 2024

Market Size for Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings in Iraq

In 2022, the Iraqi market for glaziers putty, grafting putty, other mastics and painters' fillings decreased by -4.5% to $X for the first time since 2011, thus ending a ten-year rising trend. Overall, consumption, however, recorded a buoyant increase. Over the period under review, the market hit record highs at $X in 2021, and then fell modestly in the following year.

Exports of Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings

Exports from Iraq

In 2022, overseas shipments of glaziers putty, grafting putty, other mastics and painters' fillings increased by 8.4% to X tons, rising for the fourth year in a row after five years of decline. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 4,812%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of glaziers putty, grafting putty, other mastics and painters' fillings shrank to $X in 2022. Over the period under review, exports posted a prominent increase. The growth pace was the most rapid in 2019 when exports increased by 3,309% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Turkey (X tons) was the main destination for exports of glaziers putty, grafting putty, other mastics and painters' fillings from Iraq, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to +24.4%.

In value terms, Turkey ($X) also remains the key foreign market for glaziers putty, grafting putty, other mastics and painters' fillings exports from Iraq.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled +15.7%.

Export Prices by Country

The average export price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, reducing by -12.8% against the previous year. In general, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 79%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -6.9% per year.

Imports of Glaziers Putty, Grafting Putty, Other Mastics and Painters' Fillings

Imports into Iraq

After three years of growth, supplies from abroad of glaziers putty, grafting putty, other mastics and painters' fillings decreased by -0.2% to X tons in 2022. Overall, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 67% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2021, and then reduced modestly in the following year.

In value terms, imports of glaziers putty, grafting putty, other mastics and painters' fillings declined to $X in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 32% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest glaziers, grafting putty and painters' filling supplier to Iraq, with a 77% share of total imports. Moreover, imports of glaziers putty, grafting putty, other mastics and painters' fillings from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.5% per year) and the United Arab Emirates (+18.7% per year).

In value terms, Turkey ($X) constituted the largest supplier of glaziers putty, grafting putty, other mastics and painters' fillings to Iraq, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+45.3% per year) and the United Arab Emirates (+21.5% per year).

Import Prices by Country

The average import price for glaziers putty, grafting putty, other mastics and painters' fillings stood at $X per ton in 2022, which is down by -6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2013 an increase of 48%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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