Iraq: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Iraq

The Iraqi market for liquid or compressed air and distilled or conductivity water declined dramatically to $X in 2021, reducing by -17.1% 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). In general, consumption recorded a abrupt descent. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Iraq

In 2021, approx. X kg of liquid or compressed air and distilled or conductivity water were exported from Iraq; falling by -74.3% compared with 2020. Overall, exports faced a sharp contraction. The smallest decline of -69.4% was in 2020. The exports peaked at X kg in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, liquid air and distilled water exports fell dramatically to $X in 2021. Over the period under review, exports showed a significant decline. The smallest decline of -41% was in 2020. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X kg) was the main destination for liquid air and distilled water exports from Iraq, accounting for a 78% share of total exports. Moreover, liquid air and distilled water exports to Norway exceeded the volume sent to the second major destination, China (X kg), fourfold.

From 2019 to 2021, the average annual growth rate of volume to Norway was relatively modest.

In value terms, Norway ($X) emerged as the key foreign market for liquid or compressed air and distilled or conductivity water exports from Iraq, comprising 85% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports.

From 2019 to 2021, the average annual growth rate of value to Norway was relatively modest.

Export Prices by Country

In 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, rising by 19% against the previous year. Over the period under review, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to China totaled $X per ton.

From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+323.3%).

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Iraq

Liquid air and distilled water imports into Iraq reduced dramatically to X tons in 2021, falling by -21.4% on the year before. Overall, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 441% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, liquid air and distilled water imports contracted to $X in 2021. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by 479% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of liquid air and distilled water to Iraq, with a 66% share of total imports. Moreover, liquid air and distilled water imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Greece (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-10.7% per year) and Greece (-13.6% per year).

In value terms, India ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Iraq, comprising 55% of total imports. The second position in the ranking was held by Turkey ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.7% per year) and the United Arab Emirates (-24.2% per year).

Import Prices by Country

The average import price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, picking up by 19% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 an increase of 90%. The import price peaked at $X per ton in 2017; however, from 2018 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 India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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