Iraq: Market for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes 2024

Market Size for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes in Iraq

The Iraqi mixed alkylbenzenes, mixed alkylnaphthalenes market skyrocketed to $X in 2021, with an increase of 56% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.6% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes in Iraq

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes production declined to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 50%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Exports from Iraq

In 2021, shipments abroad of mixed alkylbenzenes, mixed alkylnaphthalenes decreased by -88.7% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports saw a sharp setback. The growth pace was the most rapid in 2018 with an increase of 2,748% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes exports contracted remarkably to $X in 2021. Over the period under review, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 2,859% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for mixed alkylbenzenes, mixed alkylnaphthalenes exports from Iraq, with a 70% share of total exports. Moreover, mixed alkylbenzenes, mixed alkylnaphthalenes exports to the United Arab Emirates exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. Jordan (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled -40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-12.9% per year) and Jordan (-42.5% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for mixed alkylbenzenes, mixed alkylnaphthalenes exports from Iraq, comprising 52% of total exports. The second position in the ranking was held by Turkey ($X), with a 22% share of total exports. It was followed by Jordan, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to -48.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-10.1% per year) and Jordan (-40.3% per year).

Export Prices by Country

The average mixed alkylbenzenes, mixed alkylnaphthalenes export price stood at $X per ton in 2021, surging by 2% against the previous year. In general, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of 37% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+34.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Imports into Iraq

In 2021, overseas purchases of mixed alkylbenzenes, mixed alkylnaphthalenes increased by 42% to X tons, rising for the fifth year in a row after two years of decline. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 3,184%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes imports expanded significantly to $X in 2021. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 1,902%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main supplier of mixed alkylbenzenes, mixed alkylnaphthalenes to Iraq, accounting for a 91% share of total imports. Moreover, mixed alkylbenzenes, mixed alkylnaphthalenes imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +93.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.2% per year) and Belgium (+20.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of mixed alkylbenzenes, mixed alkylnaphthalenes to Iraq, comprising 80% of total imports. The second position in the ranking was taken by Belgium ($X), with a 7.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +71.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+15.8% per year) and China (+15.9% per year).

Import Prices by Country

The average mixed alkylbenzenes, mixed alkylnaphthalenes import price stood at $X per ton in 2021, waning by -23.3% against the previous year. Overall, the import price faced a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 45% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, 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 Belgium ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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