Report Update Nov 1, 2024

Iraq - Slag Wool, Rock Wool and Similar Mineral Wools and Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Mineral Wool Market 2024

Mineral Wool Market Size in Iraq

After three years of growth, the Iraqi mineral wool market decreased by -46.6% to $X in 2021. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Mineral wool consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Mineral Wool Exports

Exports from Iraq

Mineral wool exports from Iraq stood at X tons in 2021, almost unchanged from the year before. Overall, exports posted a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, mineral wool exports stood at $X in 2021. Over the period under review, exports showed a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for mineral wool exports from Iraq, accounting for a approx. 100% share of total exports.

From 2019 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +12,589.5%.

From 2019 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +10,671.1%.

Export Prices by Country

The average mineral wool export price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2019 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -15.2% per year.

Mineral Wool Imports

Imports into Iraq

In 2021, after three years of growth, there was significant decline in supplies from abroad of slag wool, rock wool and similar mineral wools and mixtures, when their volume decreased by -19.6% to X tons. In general, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2019 when imports increased by 328%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, mineral wool imports declined to $X in 2021. Over the period under review, imports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 335% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest mineral wool supplier to Iraq, with a 75% share of total imports. Moreover, mineral wool imports from Turkey exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), tenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+42.0% per year) and the United Arab Emirates (+0.4% per year).

In value terms, Turkey ($X) constituted the largest supplier of slag wool, rock wool and similar mineral wools and mixtures to Iraq, comprising 35% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Saudi Arabia, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+0.8% per year) and Saudi Arabia (+10.3% per year).

Import Prices by Country

In 2021, the average mineral wool import price amounted to $X per ton, with an increase of 14% against the previous year. Over the period under review, the import price, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2015 an increase of 82% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average 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 the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool consumption in 2020 were China, the United States and India, together comprising 55% of global consumption.

What are the largest producers of slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool production in 2020 were China, the United States and India, with a combined 55% share of global production. These countries were followed by Japan, Russia, Mexico, South Korea, Germany, Spain and Thailand, which together accounted for a further 24%.

What are the leading suppliers of slag wool, rock wool and similar mineral wools and mixtures to Iraq?

In value terms, Serbia constituted the largest supplier of mineral wool to Iraq, comprising 62% of total imports. The second position in the ranking was occupied by Greece, with a 26% share of total imports. It was followed by Croatia, with a 6.2% share.

What is the average export price for slag wool, rock wool and similar mineral wools and mixtures in Iraq?

In 2019, the average mineral wool export price amounted to $338 per ton, almost unchanged from the previous year.

What is the average import price for slag wool, rock wool and similar mineral wools and mixtures in Iraq?

The average mineral wool import price stood at $836 per ton in 2020, declining by -43.9% against the previous year.

This report provides an in-depth analysis of the mineral wool 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 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls

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