Report Update Nov 1, 2024

Iraq - Other Chemical Products - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Other Chemical Products Market 2024

Other Chemical Products Market Size in Iraq

After six years of growth, the Iraqi other chemical products market decreased by -6.3% to $X in 2022. Over the period under review, consumption, however, saw buoyant growth. Other chemical products consumption peaked at $X in 2021, and then dropped in the following year.

Other Chemical Products Exports

Exports from Iraq

In 2022, overseas shipments of other chemical products increased by 1.4% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 58% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, other chemical products exports fell slightly to $X in 2022. Overall, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2013 when exports increased by 93% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for other chemical products exports from Iraq, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at -13.6%.

In value terms, Turkey ($X) also remains the key foreign market for other chemical products exports from Iraq.

From 2012 to 2022, the average annual growth rate of value to Turkey stood at -12.0%.

Export Prices by Country

In 2022, the average other chemical products export price amounted to $X per ton, shrinking by -3.1% against the previous year. In general, the export price, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2013 an increase of 157%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +16.5% per year.

Other Chemical Products Imports

Imports into Iraq

In 2022, overseas purchases of other chemical products decreased by -0.5% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +10.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +177.2% against 2012 indices. The pace of growth was the most pronounced in 2013 when imports increased by 79% against the previous year. Imports peaked at X tons in 2021, and then contracted slightly in the following year.

In value terms, other chemical products imports reduced to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 69%. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest other chemical products supplier to Iraq, with a 57% share of total imports. Moreover, other chemical products imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.9% per year) and the UK (+41.0% per year).

In value terms, the largest other chemical products suppliers to Iraq were Italy ($X), Turkey ($X) and China ($X), with a combined 79% share of total imports. Ireland, France, the UK and Jordan lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, the UK, with a CAGR of +41.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average other chemical products import price amounted to $X per ton, dropping by -7.8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then reduced in the following year.

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 Italy ($X per ton), while the price for Jordan ($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 (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for other chemical products in the world?

The country with the largest volume of other chemical products consumption was China, accounting for 24% of total volume. Moreover, other chemical products consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 7.4% share.

What are the largest producers of other chemical products in the world?

The country with the largest volume of other chemical products production was China, comprising approx. 26% of total volume. Moreover, other chemical products production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 7.4% share.

What are the leading suppliers of other chemical products to Iraq?

In value terms, Saudi Arabia constituted the largest supplier of other chemical products to Iraq.

What is the average import price for other chemical products in Iraq?

The average other chemical products import price stood at $2,084 per ton in 2021, waning by -8% against the previous year.

This report provides an in-depth analysis of the other chemical products market 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 20595730 - Naphthenic acids, their water-insoluble salts and their esters
Prodcom 20595910 - Ion-exchangers, getters for vacuum tubes, petroleum sulphonates (excluding petroleum sulphonates of alkali metals, of ammonium or of ethanolamines), thiophenated sulphonic acids of oils obtained from bituminous minerals, a nd their salts
Prodcom 20595920 - Pyrolignites, crude calcium tartrate, crude calcium citrate, antirust preparations containing amines as active constituents
Prodcom 20595930 - Inorganic composite solvents and thinners for varnishes and similar products
Prodcom 20595940 - Anti-scaling and similar compounds
Prodcom 20595953 - Preparations for electroplating
Prodcom 20595957 - Mixtures of mono-, di-and tri-, fatty acid esters of glycerol (emulsifiers for fats)
Prodcom 20595963 - Products and preparations for pharmaceutical or surgical uses
Prodcom 20595965 - Auxiliary products for foundries (excluding prepared binders for foundry moulds or cores)
Prodcom 20595967 - Fire-proofing, water-proofing and similar protective preparations used in the building industry
Prodcom 20595993 - Other chemical products, n.e.c.
Prodcom 21201380 - Other medicaments of mixed or unmixed products, p.r.s., n .e.c.

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