Iraq: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in Iraq

The Iraqi gypsum, anhydrite and limestone market expanded notably to $X in 2021, picking up by 5.7% against the previous year. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Gypsum, Anhydrite And Limestone in Iraq

In value terms, gypsum, anhydrite and limestone production expanded significantly to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.3% against 2016 indices. The growth pace was the most rapid in 2014 when the production volume increased by 24%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Gypsum, Anhydrite And Limestone

Exports from Iraq

In 2021, gypsum, anhydrite and limestone exports from Iraq contracted to X tons, declining by -2.9% on the year before. In general, exports faced a precipitous decline. The pace of growth appeared the most rapid in 2020 with an increase of 1,237% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, gypsum, anhydrite and limestone exports expanded rapidly to $X in 2021. Overall, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of 772% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for gypsum, anhydrite and limestone exports from Iraq, with a 59% share of total exports. Moreover, gypsum, anhydrite and limestone exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to China stood at +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+11.4% per year) and Germany (+47.4% per year).

In value terms, China ($X), the United Arab Emirates ($X) and Germany ($X) appeared to be the largest markets for gypsum, anhydrite and limestone exported from Iraq worldwide.

Germany, with a CAGR of +43.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average gypsum, anhydrite and limestone export price amounted to $X per ton, picking up by 14% against the previous year. Overall, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 2,101%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+85.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Gypsum, Anhydrite And Limestone

Imports into Iraq

In 2021, gypsum, anhydrite and limestone imports into Iraq shrank rapidly to X tons, which is down by -38.6% compared with the previous year's figure. In general, imports saw a sharp slump. The most prominent rate of growth was recorded in 2014 when imports increased by 705% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, gypsum, anhydrite and limestone imports dropped markedly to $X in 2021. Overall, imports showed a dramatic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 386% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Iran (X tons) were the main suppliers of gypsum, anhydrite and limestone imports to Iraq, together comprising 79% of total imports. These countries were followed by China, Jordan, South Korea and India, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +35.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest gypsum, anhydrite and limestone suppliers to Iraq were the United Arab Emirates ($X), Turkey ($X) and Iran ($X), together accounting for 81% of total imports. China, South Korea, India and Jordan lagged somewhat behind, together accounting for a further 18%.

China, with a CAGR of +22.2%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2021, the average gypsum, anhydrite and limestone import price amounted to $X per ton, with a decrease of -11.5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 66% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, 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 India ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+364.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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