Iraq: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Iraq

In 2022, the Iraqi manicure or pedicure preparations market decreased by -3.6% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Exports of Manicure Or Pedicure Preparations

Exports from Iraq

In 2022, shipments abroad of manicure or pedicure preparations increased by 32% to X tons, rising for the eighth consecutive year after two years of decline. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 2,525%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, manicure or pedicure preparations exports contracted to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,606%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Turkey (X tons) was the main destination for manicure or pedicure preparations exports from Iraq, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to +25.2%.

In value terms, Turkey ($X) also remains the key foreign market for manicure or pedicure preparations exports from Iraq.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey amounted to +15.5%.

Export Prices by Country

The average manicure or pedicure preparations export price stood at $X per ton in 2022, with a decrease of -26.6% against the previous year. Overall, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 74%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 -7.7% per year.

Imports of Manicure Or Pedicure Preparations

Imports into Iraq

In 2022, supplies from abroad of manicure or pedicure preparations decreased by -2.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2015 when imports increased by 92% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, manicure or pedicure preparations imports fell slightly to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.7% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of 55%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped slightly in the following year.

Imports by Country

Turkey (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of manicure or pedicure preparations imports to Iraq, together accounting for 75% of total imports. China, Lebanon, Germany, Egypt, the Netherlands and Jordan lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +50.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X) constituted the largest supplier of manicure or pedicure preparations to Iraq, comprising 45% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.7% share of total imports. It was followed by China, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+15.3% per year) and China (+21.4% per year).

Import Prices by Country

In 2022, the average manicure or pedicure preparations import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, manicure or pedicure preparations import price increased by +17.0% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 49% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for Saudi Arabia ($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 (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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