Iraq: Market for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Iraq

In 2022, the Iraqi market for soap and organic surface-active products in bars other than for toilet use decreased by -6.8% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Exports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Exports from Iraq

In 2022, after three years of growth, there was significant decline in shipments abroad of soap and organic surface-active products in bars other than for toilet use, when their volume decreased by -24.6% to X tons. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 701%. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then shrank notably in the following year.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use reduced notably to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 281% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Turkey (X tons) was the main destination for exports of soap and organic surface-active products in bars other than for toilet use from Iraq, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at +43.3%.

In value terms, Turkey ($X) emerged as the key foreign market for soap and organic surface-active products in bars other than for toilet use exports from Iraq.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey amounted to +24.0%.

Export Prices by Country

In 2022, the average export price for soap and organic surface-active products in bars other than for toilet use amounted to $X per ton, growing by 4.5% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 115% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 -13.5% per year.

Imports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Imports into Iraq

In 2022, after three years of growth, there was decline in overseas purchases of soap and organic surface-active products in bars other than for toilet use, when their volume decreased by -2.8% to X tons. Over the period under review, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 150%. Over the period under review, imports of reached the maximum at X tons in 2021, and then declined slightly in the following year.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use fell to $X in 2022. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 144% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of soap in bars other than for toilet use to Iraq, accounting for a 86% share of total imports. Moreover, imports of soap and organic surface-active products in bars other than for toilet use from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.1% per year) and Saudi Arabia (+42.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of soap and organic surface-active products in bars other than for toilet use to Iraq, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 9.5% share of total imports. It was followed by Saudi Arabia, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.0% per year) and Saudi Arabia (+36.8% per year).

Import Prices by Country

The average import price for soap and organic surface-active products in bars other than for toilet use stood at $X per ton in 2022, with a decrease of -7.1% against the previous year. Over the period under review, the import price showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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