Iraq: Perfume Market 2024

Perfume Market Size in Iraq

The Iraqi perfume market reduced to $X in 2022, dropping by -10.3% 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). Over the period under review, consumption, however, recorded prominent growth. Perfume consumption peaked at $X in 2021, and then reduced in the following year.

Perfume Exports

Exports from Iraq

In 2022, shipments abroad of perfumes and toilet waters was finally on the rise to reach X tons after two years of decline. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 5,560%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, perfume exports soared to $X in 2022. In general, exports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 4,101%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for perfume exports from Iraq, accounting for a 98% share of total exports. It was followed by Turkey (X kg), with a 2.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +12.8%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for perfumes and toilet waters exports from Iraq, comprising 100% of total exports. The second position in the ranking was taken by Turkey ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled -3.3%.

Export Prices by Country

In 2022, the average perfume export price amounted to $X per ton, growing by 11% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 69%. The export price peaked at $X per ton in 2015; however, from 2016 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 the United Arab Emirates ($X per ton), while the average price for exports to Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-14.3%).

Perfume Imports

Imports into Iraq

In 2022, the amount of perfumes and toilet waters imported into Iraq dropped modestly to X tons, falling by -2.5% compared with 2021 figures. Overall, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.8% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 59% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, perfume imports contracted to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 59% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest perfume supplier to Iraq, with a 74% share of total imports. Moreover, perfume imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X tons), ninefold. France (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-2.9% per year) and France (-6.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of perfumes and toilet waters to Iraq, comprising 60% of total imports. The second position in the ranking was taken by France ($X), with an 8% share of total imports. It was followed by Turkey, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.9% per year) and Turkey (+3.7% per year).

Import Prices by Country

The average perfume import price stood at $X per ton in 2022, reducing by -10% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price 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, perfume import price increased by +16.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 46% against the previous year. The import price peaked at $X per ton in 2021, and then shrank 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 France ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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