Iraq: Plaits And Basketwork Market 2025

Plaits And Basketwork Market Size in Iraq

The Iraqi plaits and basketwork market contracted to $X in 2022, waning by -4.6% against the previous year. In general, consumption showed a noticeable reduction. Plaits and basketwork consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Plaits And Basketwork Production in Iraq

In value terms, plaits and basketwork production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 32% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Plaits And Basketwork Exports

Exports from Iraq

In 2022, approx. X tons of plaits, basketwork, wickerwork and similar products of plaiting materials were exported from Iraq; dropping by -34.1% against the year before. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 2,234% against the previous year. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, plaits and basketwork exports contracted dramatically to $X in 2022. In general, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 with an increase of 830% against the previous year. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Austria (X tons), the United States (X tons) and Sweden (X kg) were the main destinations of plaits and basketwork exports from Iraq, together accounting for 62% of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +168,800.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plaits and basketwork exported from Iraq were the United States ($X), Austria ($X) and Sweden ($X), with a combined 64% share of total exports.

Among the main countries of destination, Austria, with a CAGR of +57,933.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plaits and basketwork export price stood at $X per ton in 2022, growing by 7.4% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 53% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.1%), while the prices for the other major destinations experienced a decline.

Plaits And Basketwork Imports

Imports into Iraq

In 2022, the amount of plaits, basketwork, wickerwork and similar products of plaiting materials imported into Iraq surged to X tons, growing by 35% on 2021. Overall, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 111%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, plaits and basketwork imports rose markedly to $X in 2022. In general, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 111%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Iran (X tons) and China (X tons) were the main suppliers of plaits and basketwork imports to Iraq, together comprising 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +18.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of plaits, basketwork, wickerwork and similar products of plaiting materials to Iraq, comprising 62% of total imports. The second position in the ranking was taken by Iran ($X), with a 21% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+2.2% per year) and China (+27.0% per year).

Import Prices by Country

In 2022, the average plaits and basketwork import price amounted to $X per ton, dropping by -17.9% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaits and basketwork import price increased by +22.6% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted rapidly 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 China ($X per ton), while the price for Iran ($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 (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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