Iraq: Paper Bag Market 2024

Paper Bag Market Size in Iraq

In 2021, the Iraqi paper bag market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.4% against 2018 indices. Paper bag consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Paper Bag Production in Iraq

In value terms, paper bag production rose sharply to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 -14.8% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 44% against the previous year. Paper bag production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Paper Bag Exports

Exports from Iraq

In 2021, overseas shipments of sacks and bags of paper increased by 270% to X tons, rising for the second consecutive year after two years of decline. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper bag exports soared to $X in 2021. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) were the main destinations of paper bag exports from Iraq.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +81.9%).

In value terms, Turkey ($X) remains the key foreign market for sacks and bags of paper exports from Iraq, comprising 69% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +49.4%.

Export Prices by Country

In 2021, the average paper bag export price amounted to $X per ton, with an increase of 56% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, paper bag export price increased by +16.2% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.4%).

Paper Bag Imports

Imports into Iraq

In 2021, approx. X tons of sacks and bags of paper were imported into Iraq; with an increase of 68% compared with the previous year. Overall, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper bag imports soared to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of paper bag to Iraq, with a 76% share of total imports. Moreover, paper bag imports from Turkey exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+43.4% per year) and China (+14.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of sacks and bags of paper to Iraq, comprising 66% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 14% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+32.2% per year) and China (+21.3% per year).

Import Prices by Country

The average paper bag import price stood at $X per ton in 2021, surging by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2014 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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