Iraq: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Iraq

In 2022, the Iraqi market for mattresses other than of cellular rubber or plastics increased by 9% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted a remarkable increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Iraq

After five years of growth, overseas shipments of mattresses other than of cellular rubber or plastics decreased by -35.8% to X units in 2022. In general, exports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 338% against the previous year. The exports peaked at X units in 2021, and then declined sharply in the following year.

In value terms, exports of mattresses other than of cellular rubber or plastics contracted rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2015 with an increase of 664% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2021, and then shrank significantly in the following year.

Exports by Country

The UK (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from Iraq, with a 61% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to the UK exceeded the volume sent to the second major destination, Turkey (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +2,820.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-22.2% per year) and Germany (-14.5% per year).

In value terms, the UK ($X) emerged as the key foreign market for mattresses other than of cellular rubber or plastics exports from Iraq, comprising 61% of total exports. The second position in the ranking was held by Turkey ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +2,564.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-21.3% per year) and Germany (-5.3% per year).

Export Prices by Country

In 2022, the average export price for mattresses other than of cellular rubber or plastics amounted to $X per unit, which is down by -3.3% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mattresses other than of cellular rubber or plastics increased by +21.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 75%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Iraq

In 2022, purchases abroad of mattresses other than of cellular rubber or plastics increased by 39% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 98% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics shrank to $X in 2022. Overall, imports showed a pronounced expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 39%. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Iraq, with a 82% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. Kuwait (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.7% per year) and Kuwait (-5.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Iraq, comprising 88% of total imports. The second position in the ranking was held by Sweden ($X), with a 2.9% share of total imports. It was followed by China, with a 2% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+84.9% per year) and China (+4.1% per year).

Import Prices by Country

In 2022, the average import price for mattresses other than of cellular rubber or plastics amounted to $X per unit, which is down by -36.7% against the previous year. In general, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of 77%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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