Iraq: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Iraq

The Iraqi market for PVC floor, wall and ceiling coverings skyrocketed to $X in 2022, increasing by 19% 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). In general, consumption saw a strong increase. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from Iraq

In 2022, shipments abroad of PVC floor, wall and ceiling coverings decreased by -18.6% to X square meters for the first time since 2014, thus ending a seven-year rising trend. In general, exports showed a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 7.3% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of PVC floor, wall and ceiling coverings contracted to $X in 2022. Overall, exports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X square meters) was the main destination for exports of PVC floor, wall and ceiling coverings from Iraq, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at -20.6%.

In value terms, Turkey ($X) also remains the key foreign market for PVC floor, wall and ceiling coverings exports from Iraq.

From 2012 to 2022, the average annual growth rate of value to Turkey stood at -15.4%.

Export Prices by Country

In 2022, the average export price for PVC floor, wall and ceiling coverings amounted to $X per square meter, surging by 13% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for PVC floor, wall and ceiling coverings increased by +97.8% against 2012 indices. As a result, the export price attained 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 Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +6.6% per year.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into Iraq

In 2022, approx. X square meters of PVC floor, wall and ceiling coverings were imported into Iraq; growing by 30% against the year before. In general, imports posted a prominent increase. The growth pace was the most rapid in 2015 with an increase of 97%. Imports peaked at X square meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of PVC floor, wall and ceiling coverings soared to $X in 2022. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 91% against the previous year. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of PVC floor, wall and ceiling coverings to Iraq, with a 61% share of total imports. Moreover, imports of PVC floor, wall and ceiling coverings from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), fourfold. The third position in this ranking was taken by Malaysia (X square meters), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.4% per year) and Malaysia (+14.9% per year).

In value terms, the largest PVC floor, wall and ceiling coverings suppliers to Iraq were China ($X), Turkey ($X) and Malaysia ($X), with a combined 86% share of total imports. Serbia, India and Belgium lagged somewhat behind, together comprising a further 6.7%.

Among the main suppliers, Serbia, with a CAGR of +22.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for PVC floor, wall and ceiling coverings amounted to $X per square meter, which is down by -10.6% against the previous year. Over the period under review, the import price saw a perceptible descent. The growth pace was the most rapid in 2021 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for Belgium ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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