Iraq: Plastic Furniture Fittings Market 2025

Plastic Furniture Fittings Market Size in Iraq

In 2021, the Iraqi plastic furniture fittings market decreased by -8.5% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, posted strong growth. Plastic furniture fittings consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Plastic Furniture Fittings Exports

Exports from Iraq

In 2019, approx. X kg of plastic fittings for furniture were exported from Iraq; reducing by -70.5% against the previous year's figure. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 833% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2018, and then declined dramatically in the following year.

In value terms, plastic furniture fittings exports dropped dramatically to $X in 2019. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 803% against the previous year. The exports peaked at $X in 2018, and then contracted significantly in the following year.

Exports by Country

Hungary (X kg) was the main destination for plastic furniture fittings exports from Iraq, with a approx. 100% share of total exports.

From 2015 to 2019, the average annual rate of growth in terms of volume to Hungary was relatively modest.

In value terms, Hungary ($X) emerged as the key foreign market for plastic fittings for furniture exports from Iraq.

From 2015 to 2019, the average annual growth rate of value to Hungary was relatively modest.

Export Prices by Country

In 2019, the average plastic furniture fittings export price amounted to $X per ton, with a decrease of -57.9% against the previous year. Over the period under review, the export price showed a precipitous decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by 21%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2019, the average export prices remained at a lower figure.

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

From 2015 to 2019, the rate of growth in terms of prices for Iran amounted to +21.1% per year.

Plastic Furniture Fittings Imports

Imports into Iraq

In 2021, overseas purchases of plastic fittings for furniture decreased by -2.7% to X tons, falling for the second consecutive year after four years of growth. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 103%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, plastic furniture fittings imports dropped to $X in 2021. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 52% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic furniture fittings to Iraq, with a 57% share of total imports. Moreover, plastic furniture fittings imports from China exceeded the figures recorded by the second-largest supplier, Iran (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+18.6% per year) and Turkey (+3.3% per year).

In value terms, Iran ($X), China ($X) and South Korea ($X) constituted the largest plastic furniture fittings suppliers to Iraq, together accounting for 85% of total imports. These countries were followed by Turkey, the United Arab Emirates, Jordan and Kuwait, which together accounted for a further 12%.

Kuwait, with a CAGR of +38.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average plastic furniture fittings import price amounted to $X per ton, which is down by -8.5% against the previous year. Overall, the import price continues to indicate a mild decrease. The growth pace was the most rapid in 2015 when the average import price increased by 36%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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