Iraq: Market for Sanitary Ware And Parts Of Iron Or Steel 2025

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Iraq

In 2021, the Iraqi market for sanitary ware and parts of iron or steel decreased by -4.9% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption showed a relatively flat trend pattern. Iron or steel sanitary ware consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Sanitary Ware And Parts Of Iron Or Steel in Iraq

In value terms, iron or steel sanitary ware production rose to $X in 2021 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% 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 -4.5% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 60% against the previous year. Iron or steel sanitary ware production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from Iraq

In 2021, iron or steel sanitary ware exports from Iraq surged to X tons, picking up by 37% on the previous year. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 369% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, iron or steel sanitary ware exports soared to $X in 2021. In general, exports posted strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 163% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons) was the main destination for iron or steel sanitary ware exports from Iraq, with a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at +47.5%.

In value terms, Turkey ($X) also remains the key foreign market for sanitary ware and parts of iron or steel exports from Iraq.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +9.0%.

Export Prices by Country

The average export price for sanitary ware and parts of iron or steel stood at $X per ton in 2021, declining by -12.1% against the previous year. Over the period under review, the export price recorded a significant curtailment. The pace of growth appeared the most rapid in 2017 an increase of 50%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Iran amounted to -16.2% per year.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into Iraq

In 2021, the amount of sanitary ware and parts of iron or steel imported into Iraq reduced remarkably to X tons, waning by -15.5% compared with the year before. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 44% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel sanitary ware imports shrank to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +7.9% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 35% against the previous year. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest iron or steel sanitary ware supplier to Iraq, with a 72% share of total imports. Moreover, iron or steel sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Iran (X tons), fivefold. The third position in this ranking was taken by Turkey (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+25.0% per year) and Turkey (-4.9% per year).

In value terms, China ($X) constituted the largest supplier of sanitary ware and parts of iron or steel to Iraq, comprising 77% of total imports. The second position in the ranking was held by Turkey ($X), with a 7.8% share of total imports. It was followed by Iran, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-3.7% per year) and Iran (+31.5% per year).

Import Prices by Country

In 2021, the average import price for sanitary ware and parts of iron or steel amounted to $X per ton, picking up by 4.5% against the previous year. In general, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron or steel sanitary ware import price increased by +34.8% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 40%. The import price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for Jordan ($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 (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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