Report Update Nov 1, 2024

Iraq - Plastic Fittings for Furniture - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Plastic Furniture Fittings Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic fittings for furniture in the world?

China constituted the country with the largest volume of plastic furniture fittings consumption, accounting for 24% of total volume. Moreover, plastic furniture fittings consumption in China exceeded the figures recorded by the second-largest consumer, Russia, twofold. India ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of plastic fittings for furniture in the world?

China constituted the country with the largest volume of plastic furniture fittings production, comprising approx. 30% of total volume. Moreover, plastic furniture fittings production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. The third position in this ranking was occupied by India, with an 8.5% share.

What are the leading suppliers of plastic fittings for furniture to Iraq?

In value terms, China constituted the largest supplier of plastic furniture fittings to Iraq, comprising 46% of total imports. The second position in the ranking was occupied by Iran, with a 13% share of total imports. It was followed by South Korea, with an 11% share.

What is the average export price for plastic fittings for furniture in Iraq?

The average plastic furniture fittings export price stood at $15,529 per ton in 2019, dropping by -39.5% against the previous year.

What is the average import price for plastic fittings for furniture in Iraq?

In 2020, the average plastic furniture fittings import price amounted to $2,753 per ton, growing by 4.9% against the previous year.

This report provides an in-depth analysis of the plastic furniture fittings market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22292610 - Plastic fittings for furniture, coachwork or the like

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023