Iraq: Paper Label Market 2024

Paper Label Market Size in Iraq

In 2021, after two years of decline, there was growth in the Iraqi paper label market, when its value increased by 4.8% to $X. In general, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -27.4% against 2018 indices. Paper label consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Paper Label Production in Iraq

In value terms, paper label production expanded to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 32%. Paper label production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Paper Label Exports

Exports from Iraq

In 2021, the amount of labels of paper or paperboard exported from Iraq surged to X tons, growing by 419% against 2020 figures. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper label exports surged to $X in 2021. In general, exports saw a remarkable increase. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Armenia (X kg) were the main destinations of paper label exports from Iraq, with a combined 99.9% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +10.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paper label exported from Iraq were the United Arab Emirates ($X), Armenia ($X) and Turkey ($X), together accounting for 99% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average paper label export price amounted to $X per ton, rising by 18% against the previous year. Overall, the export price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 54% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Turkey ($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 Turkey (-10.6%).

Paper Label Imports

Imports into Iraq

In 2021, the amount of labels of paper or paperboard imported into Iraq was estimated at X tons, with an increase of 3.5% against the previous year's figure. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 111%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, paper label imports expanded modestly to $X in 2021. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 99%. 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

Turkey (X tons), the United Arab Emirates (X tons) and China (X tons) were the main suppliers of paper label imports to Iraq, together accounting for 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +32.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and China ($X) appeared to be the largest paper label suppliers to Iraq, with a combined 89% share of total imports.

The United Arab Emirates, with a CAGR of +37.2%, recorded 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 paper label import price stood at $X per ton in 2021, falling by -1.8% 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 2013 when the average import price increased by 42%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :