Report Update Nov 1, 2024

Iraq - Tubes, Pipes and Hollow Profiles (Of Iron or Steel) - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2024

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Iraq

The Iraqi market for tubes, pipes and hollow profiles (of iron or steel) reached $X in 2021, growing by 4.6% 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). Over the period under review, consumption showed a drastic downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Iraq

In 2021, approx. X tons of tubes, pipes and hollow profiles (of iron or steel) were exported from Iraq; with a decrease of -2% compared with 2020 figures. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 925%. Over the period under review, the exports of attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) skyrocketed to $X in 2021. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2016 with an increase of 560%. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for exports of tubes, pipes and hollow profiles (of iron or steel) from Iraq, with a 62% share of total exports. Moreover, exports of tubes, pipes and hollow profiles (of iron or steel) to Norway exceeded the volume sent to the second major destination, Turkey (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-0.9% per year) and the United Arab Emirates (-2.9% per year).

In value terms, Norway ($X) emerged as the key foreign market for tubes, pipes and hollow profiles (of iron or steel) exports from Iraq, comprising 62% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-0.9% per year) and Turkey (-4.7% per year).

Export Prices by Country

In 2021, the average export price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, with an increase of 75% against the previous year. In general, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2015 an increase of 91% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Iraq

In 2021, overseas purchases of tubes, pipes and hollow profiles (of iron or steel) decreased by -9.4% to X tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 21% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) expanded rapidly to $X in 2021. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 when imports increased by 32%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of tubes, pipes and hollow profiles (of iron or steel) to Iraq, together comprising 56% of total imports. These countries were followed by Iran, Brazil, Saudi Arabia, Japan, India, Argentina, Italy and Jordan, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +32.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel pipe and tube suppliers to Iraq were Turkey ($X), China ($X) and the United Arab Emirates ($X), with a combined 44% share of total imports. These countries were followed by Japan, Iran, India, Italy, Brazil, Saudi Arabia, Argentina and Jordan, which together accounted for a further 37%.

Among the main suppliers, Brazil, with a CAGR of +20.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for tubes, pipes and hollow profiles (of iron or steel) amounted to $X per ton, picking up by 20% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 30%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($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 (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tubes, pipes and hollow profiles (of iron or steel) in the world?

China constituted the country with the largest volume of consumption of tubes, pipes and hollow profiles of iron or steel), accounting for 21% of total volume. Moreover, consumption of tubes, pipes and hollow profiles of iron or steel) in China exceeded the figures recorded by the second-largest consumer, Russia, threefold. The third position in this ranking was occupied by India, with a 7.3% share.

What are the largest producers of tubes, pipes and hollow profiles (of iron or steel) in the world?

The country with the largest volume of production of tubes, pipes and hollow profiles of iron or steel) was China, accounting for 28% of total volume. Moreover, production of tubes, pipes and hollow profiles of iron or steel) in China exceeded the figures recorded by the second-largest producer, Russia, threefold. India ranked third in terms of total production with a 7.7% share.

What are the leading suppliers of tubes, pipes and hollow profiles (of iron or steel) to Iraq?

In value terms, the largest iron or steel pipe and tube suppliers to Iraq were France, China and the United Arab Emirates, together accounting for 52% of total imports.

What are the leading importers of tubes, pipes and hollow profiles (of iron or steel) from Iraq?

In value terms, Turkey emerged as the key foreign market for iron or steel pipe and tube exports from Iraq, comprising 29% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 5.8% share of total exports.

What is the average export price for tubes, pipes and hollow profiles (of iron or steel) in Iraq?

The average export price for tubes, pipes and hollow profiles of iron or steel) stood at $4,144 per ton in 2021, picking up by 190% against the previous year.

What is the average import price for tubes, pipes and hollow profiles (of iron or steel) in Iraq?

The average import price for tubes, pipes and hollow profiles of iron or steel) stood at $1,290 per ton in 2021, jumping by 17% against the previous year.

This report provides an in-depth analysis of the market for iron or steel pipe and tube 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 24201110 - Line pipe, of a kind used for oil or gas pipelines, seamless, of stainless steel
Prodcom 24201150 - Line pipe, of a kind used for oil or gas pipelines, seamless, of steel other than stainless steel
Prodcom 24201210 - Casing, tubing and drill pipe, of a kind used in the drilling for oil or gas, seamless, of stainless steel
Prodcom 24201250 - Casing, tubing and drill pipe, of a kind used in the drilling for oil or gas, seamless, of steel other than stainless steel
Prodcom 24201310 - Tubes and pipes, of circular cross-section, seamless, of stainless steel (excluding line pipe of a kind used for oil or gas pipelines and casing, tubing and drill pipe used for oil or gas drilling)
Prodcom 24201330 - Precision tubes and pipes, of circular cross-section, colddrawn or cold-rolled, seamless, of steel other than stainless steel
Prodcom 24201350 - Tubes and pipes, of circular cross-section, cold-drawn or coldrolled, s eamless, of steel other than stainless steel (excluding precision tubes and pipes)
Prodcom 24201370 - Tubes and pipes, of circular cross-section, hot-finished, s eamless, of steel other than stainless steel (excluding line pipe of a kind used for oil or gas pipelines and casing, tubing and drill-pipe used for oil or gas drilling)
Prodcom 24201400 - Tubes and pipes, of non-circular cross-section, seamless, a nd hollow profiles, seamless, of steel
Prodcom 24202110 - Line pipe, of a kind used for oil or gas pipelines, longitudinally welded, of an external diameter > .406,4 mm, of steel
Prodcom 24202150 - Line pipe, of a kind used for oil or gas pipelines, other than longitudinally welded, of an external diameter > .406,4 mm, of steel
Prodcom 24202200 - Casing, of a kind used in drilling for oil or gas, welded, of an external diameter > .406,4 mm, of steel
Prodcom 24202300 - Tubes and pipes, welded, of an external diameter > .406,4 mm, of steel (excluding line pipe of a kind used for oil or gas pipelines and casing used for oil or gas drilling)
Prodcom 24202400 - Tubes and pipes, riveted or similarly closed, of an external diameter > .406,4 mm, of steel (excluding line pipe for oil and gas pipelines, casing used for oil or gas drilling and welded tubes and pipes)
Prodcom 24203110 - Line pipe, of a kind used for oil or gas pipelines, longitudinally or spirally welded, of an external diameter . .406,4 mm, of stainless steel
Prodcom 24203150 - Line pipe, of a kind used for oil or gas pipelines, longitudinally or spirally welded, of an external diameter . .406,4 mm, of steel other than stainless steel
Prodcom 24203210 - Casing and tubing, of a kind used in drilling for oil or gas, w elded, of an external diameter . .406,4 mm, of stainless steel
Prodcom 24203250 - Casing and tubing, of a kind used in drilling for oil or gas, w elded, of an external diameter . .406,4 mm, of steel other than stainless steel
Prodcom 24203310 - Tubes and pipes, of circular cross-section, welded, of an external diameter . .406,4 mm, of stainless steel (excluding line pipe of a kind used for oil or gas pipelines, and casing and tubing used for oil or gas drilling)
Prodcom 24203340 - Precision tubes and pipes, of circular cross-section, welded, o f an external diameter . .406,4 mm, of steel other than stainless steel
Prodcom 24203370 - Tubes and pipes, of circular cross-section, hot- or coldformed and welded, of an external diameter . .406,4 mm, of steel other than stainless steel
Prodcom 24203410 - Tubes and pipes, of non-circular cross-section, hot- or coldformed and welded, of stainless steel
Prodcom 24203430 - Tubes and pipes, of square or rectangular cross-section, of a wall thickness . 2 mm, hotor cold-formed and welded, of steel other than stainless steel
Prodcom 24203450 - Tubes and pipes, of square or rectangular cross-section, of a wall thickness > 2 mm, hot-or cold-formed and welded, of steel other than stainless steel
Prodcom 24203470 - Tubes and pipes, of other non-circular cross-section than square or rectangular, hot- or cold-formed and welded, of steel other than stainless steel
Prodcom 24203500 - Tubes and pipes, open seam, riveted or similarly closed, of steel (excluding line pipe for oil and gas pipelines, casing and tubing used for oil or gas drilling and other welded tubes and pipes)
Prodcom 24512000 - Tubes, pipes and hollow profiles of cast iron excluding tubes, p ipes, hollow profiles made into identifiable parts of articles, s uch as sections of central heating radiators and machinery parts

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