Iraq: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Iraq

In 2021, after three years of decline, there was significant growth in the Iraqi market for tiles, flagstones and similar articles of cement, concrete or artificial stone, when its value increased by 169% to $X. In general, consumption, however, faced a abrupt curtailment. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from Iraq

In 2021, the amount of tiles, flagstones and similar articles of cement, concrete or artificial stone exported from Iraq reduced sharply to X tons, which is down by -73.8% on 2020. Over the period under review, exports continue to indicate a significant decline. The smallest decline of -6.7% was in 2015. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone fell dramatically to $X in 2021. In general, exports continue to indicate a dramatic curtailment. The smallest decline of -17.1% was in 2013. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled -22.6%.

In value terms, Turkey ($X) also remains the key foreign market for tiles, flagstones and similar articles of cement, concrete or artificial stone exports from Iraq.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at -28.8%.

Export Prices by Country

In 2021, the average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, with an increase of 24% against the previous year. In general, the export price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 an increase of 25%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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 -8.0% per year.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into Iraq

In 2021, purchases abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone was finally on the rise to reach X tons after three years of decline. In general, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 329%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone soared to $X in 2021. Overall, imports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2015 with an increase of 253% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Iran (X tons) was the main supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Iraq, accounting for a 91% share of total imports. Moreover, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Iran exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Iran stood at -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-28.5% per year) and Kuwait (-41.9% per year).

In value terms, Iran ($X) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Iraq, comprising 80% of total imports. The second position in the ranking was taken by Turkey ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Iran stood at +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+4.0% per year) and Kuwait (-34.5% per year).

Import Prices by Country

In 2021, the average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, increasing by 18% against the previous year. Overall, the import price recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 255% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+45.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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