Report Update Nov 1, 2024

Iraq - Propene (Propylene) - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Propene Market 2024

Propene Market Size in Iraq

The Iraqi propene market totaled $X in 2021, stabilizing at the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Propene Production in Iraq

In value terms, propene production amounted to $X in 2021 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.2% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 23% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Propene Exports

Exports from Iraq

In 2019, the amount of propene (propylene) exported from Iraq contracted rapidly to X tons, which is down by -37.4% on 2018. In general, exports showed a dramatic descent. Over the period under review, the exports hit record highs at X tons in 2018, and then declined rapidly in the following year.

In value terms, propene exports reduced dramatically to $X in 2019. Overall, exports recorded a precipitous setback. Over the period under review, the exports reached the maximum at $X in 2018, and then dropped notably in the following year.

Exports by Country

The Philippines (X tons) was the main destination for propene exports from Iraq, accounting for a approx. 100% share of total exports.

From 2018 to 2019, the average annual rate of growth in terms of volume to the Philippines totaled -37.4%.

In value terms, the Philippines ($X) also remains the key foreign market for propene (propylene) exports from Iraq.

From 2018 to 2019, the average annual rate of growth in terms of value to the Philippines amounted to -37.2%.

Export Prices by Country

In 2019, the average propene export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2018 to 2019, the rate of growth in terms of prices for the Philippines amounted to +0.3% per year.

Propene Imports

Imports into Iraq

In 2021, the amount of propene (propylene) imported into Iraq fell slightly to X tons, with a decrease of -3.7% against the previous year's figure. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 280%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, propene imports declined slightly to $X in 2021. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 180% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons) and the United Arab Emirates (X tons) were the main suppliers of propene imports to Iraq.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +11.2%).

In value terms, the largest propene suppliers to Iraq were China ($X) and the United Arab Emirates ($X).

The United Arab Emirates, with a CAGR of +10.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average propene import price amounted to $X per ton, flattening at the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 40%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for propene (propylene) in the world?

The countries with the highest volumes of propene consumption in 2021 were the United States, India and Japan, with a combined 29% share of global consumption. Pakistan, Brazil, China, Bangladesh, Germany, the UK, Mexico, Russia, Turkey and the Netherlands lagged somewhat behind, together comprising a further 31%.

What are the largest producers of propene (propylene) in the world?

The countries with the highest volumes of propene production in 2021 were the United States, India and Japan, with a combined 31% share of global production. These countries were followed by Pakistan, Brazil, Bangladesh, South Korea, Germany, the UK, Russia, Turkey, Mexico and the Netherlands, which together accounted for a further 31%.

What are the leading suppliers of propene (propylene) to Iraq?

In value terms, the United Arab Emirates constituted the largest supplier of propene to Iraq.

What are the leading importers of propene (propylene) from Iraq?

In value terms, the Philippines remains the key foreign market for propene exports from Iraq.

What is the average export price for propene (propylene) in Iraq?

The average propene export price stood at $947 per ton in 2019, remaining relatively unchanged against the previous year.

What is the average import price for propene (propylene) in Iraq?

In 2021, the average propene import price amounted to $5,246 per ton, surging by 17% against the previous year.

This report provides an in-depth analysis of the propene 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 20141140 - Propene (propylene)

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