Iraq: Market for Table, Kitchen Or Household Articles Of Cast Iron 2025

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Iraq

The Iraqi cast iron household articles market declined dramatically to $X in 2022, with a decrease of -45.4% against 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). Overall, consumption saw a noticeable slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Iraq

In 2022, exports of table, kitchen or household articles of cast iron from Iraq expanded significantly to X kg, picking up by 6% compared with the year before. Over the period under review, exports, however, continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2020 with an increase of 107% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cast iron household articles exports fell sharply to $X in 2022. Overall, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 73%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for cast iron household articles exports from Iraq, accounting for a 38% share of total exports. Moreover, cast iron household articles exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled -59.4%.

In value terms, the Netherlands ($X) remains the key foreign market for table, kitchen or household articles of cast iron exports from Iraq, comprising 46% of total exports. The second position in the ranking was held by Germany ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to -62.9%.

Export Prices by Country

The average cast iron household articles export price stood at $X per ton in 2022, waning by -24.2% against the previous year. Over the period under review, the export price, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2020 a decrease of -16.4% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-8.7%), while the prices for the other major destinations experienced a decline.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Iraq

In 2022, cast iron household articles imports into Iraq reduced rapidly to X tons, declining by -30.9% compared with the year before. Over the period under review, imports showed a slight decline. The most prominent rate of growth was recorded in 2013 when imports increased by 159%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cast iron household articles imports reduced remarkably to $X in 2022. Overall, imports saw a noticeable contraction. The pace of growth appeared the most rapid in 2013 with an increase of 177%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iran (X tons) was the main supplier of cast iron household articles to Iraq, accounting for a 92% share of total imports. Moreover, cast iron household articles imports from Iran exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a 1.2% share.

From 2012 to 2022, the average annual growth rate of volume from Iran totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-7.8% per year) and China (-32.2% per year).

In value terms, Iran ($X) constituted the largest supplier of table, kitchen or household articles of cast iron to Iraq, comprising 95% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 2% share of total imports. It was followed by China, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from Iran amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-7.2% per year) and China (-30.9% per year).

Import Prices by Country

In 2022, the average cast iron household articles import price amounted to $X per ton, reducing by -29.1% against the previous year. Over the period under review, the import price showed a slight decline. The pace of growth was the most pronounced in 2015 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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