Iraq: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Iraq

The Iraqi mineral or aerated water market declined to $X in 2022, which is down by -4.7% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Mineral or Aerated Waters in Iraq

In value terms, mineral or aerated water production dropped to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 31%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Mineral or Aerated Waters

Exports from Iraq

In 2022, after two years of growth, there was decline in shipments abroad of mineral or aerated waters, when their volume decreased by -1.5% to X tons. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 3,740% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mineral or aerated water exports dropped slightly to $X in 2022. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 3,725%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced slightly in the following year.

Exports by Country

Sweden (X tons) was the main destination for mineral or aerated water exports from Iraq, with a 38% share of total exports. Moreover, mineral or aerated water exports to Sweden exceeded the volume sent to the second major destination, Jordan (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at +1,871.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (-59.8% per year) and the Netherlands (0.0% per year).

In value terms, Sweden ($X), Jordan ($X) and the Netherlands ($X) were the largest markets for mineral or aerated water exported from Iraq worldwide, together comprising 60% of total exports.

Sweden, with a CAGR of +2,545.5%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average mineral or aerated water export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2019 an increase of 106% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the Netherlands ($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 Sweden (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mineral or Aerated Waters

Imports into Iraq

In 2022, approx. X tons of mineral or aerated waters were imported into Iraq; with a decrease of -15% against 2021 figures. Over the period under review, imports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,576% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, mineral or aerated water imports shrank to $X in 2022. Overall, imports, however, showed pronounced growth. The growth pace was the most rapid in 2013 with an increase of 639% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), Italy (X tons) and France (X tons) were the main suppliers of mineral or aerated water imports to Iraq, with a combined 59% share of total imports. These countries were followed by the UK, the Netherlands and Poland, which together accounted for a further 6.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +82.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and the UK ($X) were the largest mineral or aerated water suppliers to Iraq, with a combined 49% share of total imports.

The UK, with a CAGR of +114.6%, saw the highest rates of growth with regard to 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 mineral or aerated water import price stood at $X per ton in 2022, rising by 9.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 53% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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