Report Update Nov 1, 2024

Iraq - Soap - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Soap Market 2024

Soap Market Size in Iraq

After six years of growth, the Iraqi soap market decreased by -16.8% to $X in 2021. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Soap Production in Iraq

In value terms, soap production fell markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed resilient growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 162% against the previous year. As a result, production reached the peak level of $X, and then reduced remarkably in the following year.

Soap Exports

Exports from Iraq

In 2021, approx. X tons of soap were exported from Iraq; declining by -23.9% compared with 2020. Over the period under review, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 248%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, soap exports rose sharply to $X in 2021. In general, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 263%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for soap exports from Iraq, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +10.6%.

In value terms, Turkey ($X) also remains the key foreign market for soap exports from Iraq.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +12.6%.

Export Prices by Country

In 2021, the average soap export price amounted to $X per ton, jumping by 44% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

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 Turkey amounted to +1.8% per year.

Soap Imports

Imports into Iraq

In 2021, the amount of soap imported into Iraq shrank sharply to X tons, reducing by -16.2% compared with 2020 figures. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, soap imports reduced to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 18%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest soap supplier to Iraq, accounting for a 68% share of total imports. Moreover, soap imports from Turkey exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), eightfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+52.9% per year) and the United Arab Emirates (-1.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of soap to Iraq, comprising 54% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 10% share of total imports. It was followed by Malaysia, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+1.9% per year) and Malaysia (+51.5% per year).

Import Prices by Country

In 2021, the average soap import price amounted to $X per ton, increasing by 5.2% against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: 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 Jordan (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soap in the world?

The countries with the highest volumes of soap consumption in 2020 were China, India and the United States, with a combined 30% share of global consumption. Italy, Indonesia, Pakistan, Brazil, Nigeria, Bangladesh, Japan, Mexico, the UK and France lagged somewhat behind, together comprising a further 29%.

What are the largest producers of soap in the world?

The country with the largest volume of soap production was China, comprising approx. 19% of total volume. Moreover, soap production in China exceeded the figures recorded by the second-largest producer, Indonesia, twofold. The third position in this ranking was occupied by India, with a 6.6% share.

What are the leading suppliers of soap to Iraq?

In value terms, Turkey constituted the largest supplier of soap to Iraq, comprising 44% of total imports. The second position in the ranking was occupied by Malaysia, with an 18% share of total imports. It was followed by the United Arab Emirates, with a 14% share.

What are the leading importers of soap from Iraq?

In value terms, Turkey remains the key foreign market for soap exports from Iraq.

What is the average export price for soap in Iraq?

The average soap export price stood at $1,089 per ton in 2020, remaining constant against the previous year.

What is the average import price for soap in Iraq?

The average soap import price stood at $1,274 per ton in 2020, growing by 1.8% against the previous year.

This report provides an in-depth analysis of the soap 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 20413120 - Soap and organic surface-active products in bars, etc., n.e.c.
Prodcom 20413150 - Soap in the form of flakes, wafers, granules or powders
Prodcom 20413180 - Soap in forms excluding bars, cakes or moulded shapes, p aper, wadding, felt and non-wovens impregnated or coated with soap/detergent, flakes, granules or powders
Prodcom 20421915 - Soap and organic surface-active products in bars, etc., for toilet use
Prodcom 20421930 - Organic surface-active products and preparations for washing the skin, whether or not containing soap, p.r.s.

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