Iraq: Polishes For Coachwork Market 2025

Polishes For Coachwork Market Size in Iraq

After four years of growth, the Iraqi polishes for coachwork market decreased by -11.7% to $X in 2022. Over the period under review, consumption, however, continues to indicate a measured expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Polishes For Coachwork Exports

Exports from Iraq

For the fourth year in a row, Iraq recorded growth in shipments abroad of polishes for coachwork, which increased by 1,104% to X tons in 2021. Over the period under review, exports, however, continue to indicate a deep reduction. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, polishes for coachwork exports skyrocketed to $X in 2021. In general, exports, however, saw a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for polishes for coachwork exports from Iraq, accounting for a approx. 100% share of total exports.

From 2016 to 2021, the average annual rate of growth in terms of volume to Turkey totaled -18.6%.

From 2016 to 2021, the average annual growth rate of value to Turkey amounted to -13.8%.

Export Prices by Country

The average polishes for coachwork export price stood at $X per ton in 2021, dropping by -38.8% against the previous year. In general, the export price, however, posted a resilient increase. The export price peaked at $X per ton in 2020, and then declined notably in the following year.

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

From 2016 to 2021, the rate of growth in terms of prices for Turkey amounted to +5.8% per year.

Polishes For Coachwork Imports

Imports into Iraq

Polishes for coachwork imports into Iraq contracted to X tons in 2022, shrinking by -8.1% compared with the year before. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.0% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 59% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, polishes for coachwork imports fell to $X in 2022. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 127% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of polishes for coachwork to Iraq, with a 43% share of total imports. Moreover, polishes for coachwork imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.8% per year) and Poland (+5.1% per year).

In value terms, Turkey ($X), Germany ($X) and China ($X) were the largest polishes for coachwork suppliers to Iraq, with a combined 52% share of total imports.

Germany, with a CAGR of +44.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polishes for coachwork import price stood at $X per ton in 2022, which is down by -5.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2014 an increase of 43%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($X per ton), while the price for Turkey ($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 (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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