Report Update Nov 1, 2024

Iraq - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Market for Oil And Water Paints And Varnishes 2024

Market Size for Oil And Water Paints And Varnishes in Iraq

After two years of growth, the Iraqi market for oil and water paints and varnishes decreased by -4.5% to $X in 2021. Over the period under review, consumption, however, saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Oil And Water Paints And Varnishes

Exports from Iraq

Exports of oil and water paints and varnishes from Iraq declined dramatically to X tons in 2021, waning by -86.8% against the previous year's figure. Over the period under review, exports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2014 with an increase of 108%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of oil and water paints and varnishes fell dramatically to $X in 2021. In general, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2020 when exports increased by 69% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for exports of oil and water paints and varnishes from Iraq, accounting for a 80% share of total exports. Moreover, exports of oil and water paints and varnishes to Turkey exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled -31.7%.

In value terms, Turkey ($X) remains the key foreign market for oil and water paints and varnishes exports from Iraq, comprising 89% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled -33.7%.

Export Prices by Country

The average export price for oil and water paints and varnishes stood at $X per ton in 2021, reducing by -7.8% against the previous year. In general, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2013 an increase of 75%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-2.9%).

Imports of Oil And Water Paints And Varnishes

Imports into Iraq

In 2021, purchases abroad of oil and water paints and varnishes increased by 3.1% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 83%. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of oil and water paints and varnishes fell to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Spain (X tons) were the main suppliers of imports of oil and water paints and varnishes to Iraq, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +7.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X) constituted the largest supplier of oil and water paints and varnishes to Iraq, comprising 67% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total imports. It was followed by Spain, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled -12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-10.7% per year) and Spain (-0.0% per year).

Import Prices by Country

The average import price for oil and water paints and varnishes stood at $X per ton in 2021, waning by -12.4% against the previous year. In general, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 54% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+9.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oil and water paints and varnishes in the world?

China remains the largest oil and water paints and varnishes consuming country worldwide, comprising approx. 28% of total volume. Moreover, consumption of oil and water paints and varnishes in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Germany, with a 5.7% share.

What are the largest producers of oil and water paints and varnishes in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, with a combined 48% share of global production. These countries were followed by Russia, Italy, Indonesia, Japan, Belarus, Turkey, South Korea, Iran and Egypt, which together accounted for a further 27%.

What are the leading suppliers of oil and water paints and varnishes to Iraq?

In value terms, the United Arab Emirates, Greece and Jordan were the largest oil and water paints and varnishes suppliers to Iraq, with a combined 72% share of total imports. These countries were followed by Italy, Germany, Spain and Kuwait, which together accounted for a further 22%.

What are the leading importers of oil and water paints and varnishes from Iraq?

In value terms, the largest markets for oil and water paints and varnishes exported from Iraq were Serbia and Turkey.

What is the average export price for oil and water paints and varnishes in Iraq?

The average export price for oil and water paints and varnishes stood at $2,948 per ton in 2021, with a decrease of -13.8% against the previous year.

What is the average import price for oil and water paints and varnishes in Iraq?

In 2021, the average import price for oil and water paints and varnishes amounted to $1,963 per ton, shrinking by -5.3% against the previous year.

This report provides an in-depth analysis of the market for oil and water paints and varnishes in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20302213 - Oil paints and varnishes (including enamels and lacquers)
Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023