Iraq: Plastic Container Market 2024

Plastic Container Market Size in Iraq

In 2021, the Iraqi plastic container market increased by 25% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a resilient expansion. Plastic container consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Plastic Container Exports

Exports from Iraq

In 2021, shipments abroad of plastic containers was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 1,068%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic container exports expanded remarkably to $X in 2021. Overall, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 4,383% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X kg), Lebanon (X kg) and the United Arab Emirates (X kg) were the main destinations of plastic container exports from Iraq, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +211.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Lebanon ($X) and the United Arab Emirates ($X) were the largest markets for plastic container exported from Iraq worldwide, together accounting for 97% of total exports.

The United Arab Emirates, with a CAGR of +298.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average plastic container export price amounted to $X per ton, shrinking by -2.4% against the previous year. Overall, the export price, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 399%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Container Imports

Imports into Iraq

In 2021, supplies from abroad of plastic containers increased by 25% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 157%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic container imports soared to $X in 2021. Over the period under review, imports showed a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 123%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Iran (X tons) constituted the largest plastic container supplier to Iraq, accounting for a 58% share of total imports. Moreover, plastic container imports from Iran exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. Jordan (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Iran totaled +41.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-2.8% per year) and Jordan (+20.5% per year).

In value terms, Iran ($X) constituted the largest supplier of plastic containers to Iraq, comprising 49% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Iran stood at +43.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+1.8% per year) and China (+27.7% per year).

Import Prices by Country

The average plastic container import price stood at $X per ton in 2021, remaining constant against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2019 an increase of 25%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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