Iraq: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2024

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Iraq

The Iraqi market for paint, distemper, varnish or similar brushes, paint pads and rollers shrank modestly to $X in 2021, reducing by -1.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 +16.8% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped in the following year.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Iraq

In 2021, overseas shipments of paint, distemper, varnish or similar brushes, paint pads and rollers decreased by -24.1% to X units, falling for the second year in a row after eight years of growth. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 453%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers expanded to $X in 2021. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 226%. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +52.6%.

In value terms, Turkey ($X) also remains the key foreign market for paint, distemper, varnish or similar brushes, paint pads and rollers exports from Iraq.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at +47.2%.

Export Prices by Country

The average export price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, surging by 35% against the previous year. Overall, the export price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2020 an increase of 60% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -3.5% per year.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Iraq

In 2021, imports of paint, distemper, varnish or similar brushes, paint pads and rollers into Iraq was estimated at X units, therefore, remained relatively stable against 2020 figures. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +40.7% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by 30%. Over the period under review, imports of reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers fell modestly to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +20.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. Imports peaked at $X in 2020, and then declined slightly in the following year.

Imports by Country

China (X units), Turkey (X units) and the United Arab Emirates (X units) were the main suppliers of imports of paint, distemper, varnish or similar brushes, paint pads and rollers to Iraq, together accounting for 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +11.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the largest paint, distemper, varnish or similar brush, paint pad and roller suppliers to Iraq, together accounting for 97% of total imports.

In terms of the main suppliers, China, with a CAGR of +6.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, reducing by -3.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 50%. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform