Iraq: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Iraq

The Iraqi metal domestic furniture market contracted to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, enjoyed buoyant growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Metal Domestic Furniture Production in Iraq

In value terms, metal domestic furniture production declined slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Metal Domestic Furniture Exports

Exports from Iraq

In 2022, after two years of decline, there was significant growth in shipments abroad of metal furniture, when their volume increased by X% to X tons. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, metal domestic furniture exports surged to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Turkey (X tons), Iran (X tons) and Jordan (X kg) were the main destinations of metal domestic furniture exports from Iraq, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Iran ($X) and Jordan ($X) were the largest markets for metal domestic furniture exported from Iraq worldwide, with a combined X% share of total exports.

Iran, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal domestic furniture export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports into Iraq

In 2022, overseas purchases of metal furniture decreased by X% to X tons, falling for the third consecutive year after five years of growth. Overall, imports, however, continue to indicate notable growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal domestic furniture imports expanded remarkably to $X in 2022. In general, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and Iran (X tons) were the main suppliers of metal domestic furniture imports to Iraq, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of metal furniture to Iraq, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the average metal domestic furniture import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal domestic furniture import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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