Iraq: Market for Table Linen Of Knitted Or Crocheted Textiles 2024

Market Size for Table Linen Of Knitted Or Crocheted Textiles in Iraq

The Iraqi market for table linen of knitted or crocheted textiles surged to $X in 2021, jumping by 25% against the previous year. Overall, consumption, however, continues to indicate a slight decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Table Linen Of Knitted Or Crocheted Textiles in Iraq

In value terms, table linen of crocheted textile production surged to $X in 2021 estimated in export price. In general, production, however, showed a mild descent. The most prominent rate of growth was recorded in 2019 with an increase of 96%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Table Linen Of Knitted Or Crocheted Textiles

Exports from Iraq

In 2021, approx. X kg of table linen of knitted or crocheted textiles were exported from Iraq; which is down by -37.5% compared with the year before. Over the period under review, exports, however, recorded a significant expansion. Over the period under review, the exports hit record highs at X kg in 2020, and then shrank rapidly in the following year.

In value terms, table linen of crocheted textile exports dropped rapidly to $X in 2021. In general, exports, however, enjoyed a significant increase. The exports peaked at $X in 2020, and then shrank notably in the following year.

Exports by Country

The UK (X kg) was the main destination for table linen of crocheted textile exports from Iraq, with a 95% share of total exports. It was followed by Germany (X kg), with a 2.6% share of total exports.

From 2016 to 2021, the average annual growth rate of volume to the UK was relatively modest.

In value terms, the UK ($X) emerged as the key foreign market for table linen of knitted or crocheted textiles exports from Iraq, comprising 74% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports.

From 2016 to 2021, the average annual growth rate of value to the UK was relatively modest.

Export Prices by Country

The average export price for table linen of knitted or crocheted textiles stood at $X per ton in 2021, growing by 15% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table Linen Of Knitted Or Crocheted Textiles

Imports into Iraq

In 2021, supplies from abroad of table linen of knitted or crocheted textiles increased by 63% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by 121%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, table linen of crocheted textile imports soared to $X in 2021. In general, imports, however, continue to indicate a perceptible reduction. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of table linen of crocheted textile to Iraq, with a 88% share of total imports. Moreover, table linen of crocheted textile imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.1% per year) and the United Arab Emirates (-24.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of table linen of knitted or crocheted textiles to Iraq, comprising 92% of total imports. The second position in the ranking was taken by China ($X), with a 7.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.4% per year) and the United Arab Emirates (-34.1% per year).

Import Prices by Country

The average import price for table linen of knitted or crocheted textiles stood at $X per ton in 2021, surging by 8.6% against the previous year. In general, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, table linen of crocheted textile import price decreased by -7.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 66% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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