Iraq: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Iraq

The Iraqi prepared additives for cements market contracted to $X in 2022, waning by -13.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a perceptible descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Iraq

In 2022, after two years of growth, there was significant decline in shipments abroad of prepared additives for cements, mortars or concretes, when their volume decreased by -41.5% to X tons. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 8,617% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, prepared additives for cements exports dropped markedly to $X in 2022. Overall, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 16,919% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at +24.5%.

In value terms, Turkey ($X) also remains the key foreign market for prepared additives for cements, mortars or concretes exports from Iraq.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +12.0%.

Export Prices by Country

In 2022, the average prepared additives for cements export price amounted to $X per ton, increasing by 35% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 95%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -10.0% per year.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Iraq

In 2022, the amount of prepared additives for cements, mortars or concretes imported into Iraq declined dramatically to X tons, with a decrease of -18.6% on the previous year's figure. Over the period under review, imports showed a perceptible decline. The growth pace was the most rapid in 2018 when imports increased by 67% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, prepared additives for cements imports dropped to $X in 2022. In general, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 56% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of prepared additives for cements to Iraq, accounting for a 56% share of total imports. Moreover, prepared additives for cements imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The third position in this ranking was held by Jordan (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+15.9% per year) and Jordan (-17.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of prepared additives for cements, mortars or concretes to Iraq, comprising 44% of total imports. The second position in the ranking was taken by Jordan ($X), with a 19% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (-4.9% per year) and China (-5.6% per year).

Import Prices by Country

In 2022, the average prepared additives for cements import price amounted to $X per ton, growing by 8.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 an increase of 43% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Jordan ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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