Iraq: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Iraq

The Iraqi market for self-adhesive plastic tape in rolls of a width under 20cm stood at $X in 2022, stabilizing at 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 continues to indicate strong growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Iraq

Exports of self-adhesive plastic tape in rolls of a width under 20cm from Iraq shrank dramatically to X tons in 2022, falling by -19.2% compared with 2021 figures. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 124% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm rose rapidly to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2014 with an increase of 109%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Iraq, with a 57% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to the UK exceeded the volume sent to the second major destination, Turkey (X kg), threefold. The Netherlands (X kg) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +305.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-20.4% per year) and the Netherlands (+4.3% per year).

In value terms, Turkey ($X) emerged as the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Iraq, comprising 41% of total exports. The second position in the ranking was held by the UK ($X), with a 15% share of total exports. It was followed by Jordan, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to -13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+434.3% per year) and Jordan (0.0% per year).

Export Prices by Country

The average export price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, increasing by 32% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 60%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Iraq

Imports of self-adhesive plastic tape in rolls of a width under 20cm into Iraq rose slightly to X tons in 2022, increasing by 4.2% compared with 2021. Overall, imports recorded strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by 138%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm declined modestly to $X in 2022. In general, imports enjoyed a strong expansion. The growth pace was the most rapid in 2015 when imports increased by 148% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Iraq, with a 64% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Iran (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+14.0% per year) and Turkey (+7.8% per year).

In value terms, China ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Iraq, comprising 64% of total imports. The second position in the ranking was taken by Iran ($X), with a 10% share of total imports. It was followed by Turkey, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+16.8% per year) and Turkey (+5.1% per year).

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, reducing by -6% 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 2021 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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 Vietnam ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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