Report Update Nov 1, 2024

Iraq - Voiles, Webs, Mats and Other Articles of Glass Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Glass Fiber Market 2024

Glass Fiber Market Size in Iraq

In 2021, after two years of decline, there was significant growth in the Iraqi glass fiber market, when its value increased by 97% to $X. In general, consumption, however, recorded a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Glass Fiber Exports

Exports from Iraq

In 2016, after two years of decline, there was significant decline in overseas shipments of voiles, webs, mats and other articles of glass fibers, when their volume decreased by -61.9% to X kg. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2013 when exports increased by 175% against the previous year. The exports peaked at X tons in 2015, and then contracted rapidly in the following year.

In value terms, glass fiber exports plummeted to $X in 2016. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 701%. The exports peaked at $X in 2015, and then declined remarkably in the following year.

Exports by Country

Turkey (X kg) was the main destination for glass fiber exports from Iraq, with a 98% share of total exports. It was followed by Oman (X kg), with a 2.4% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of volume to Turkey stood at +22.9%.

In value terms, Turkey ($X) emerged as the key foreign market for voiles, webs, mats and other articles of glass fibers exports from Iraq, comprising 95% of total exports. The second position in the ranking was held by Oman ($X), with a 5.4% share of total exports.

From 2012 to 2016, the average annual growth rate of value to Turkey stood at +20.8%.

Export Prices by Country

In 2016, the average glass fiber export price amounted to $X per ton, shrinking by -92.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 191%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015, and then plummeted in the following year.

There were significant differences in the average prices for the major external markets. In 2016, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Turkey totaled $X per ton.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+109.6%).

Glass Fiber Imports

Imports into Iraq

After two years of decline, purchases abroad of voiles, webs, mats and other articles of glass fibers increased by 92% to X tons in 2021. Over the period under review, imports, however, recorded a deep reduction. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, glass fiber imports soared to $X in 2021. Overall, imports, however, recorded a noticeable slump. The growth pace was the most rapid in 2013 when imports increased by 121%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and China (X tons) were the main suppliers of glass fiber imports to Iraq, with a combined 81% share of total imports. These countries were followed by Kuwait, the United States, Saudi Arabia, Iran and Malaysia, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +19.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Turkey ($X) constituted the largest glass fiber suppliers to Iraq, together comprising 74% of total imports. These countries were followed by the United States, Kuwait, Saudi Arabia, Malaysia and Iran, which together accounted for a further 19%.

The United States, with a CAGR of +19.2%, recorded the highest growth rate of the value of imports, among the main suppliers 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 glass fiber import price amounted to $X per ton, picking up by 4% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glass fiber import price increased by +18.4% against 2018 indices. The growth pace was the most rapid in 2015 an increase of 65% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+36.9%), 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 voiles, webs, mats and other articles of glass fibers in the world?

China constituted the country with the largest volume of glass fiber consumption, comprising approx. 21% of total volume. Moreover, glass fiber consumption in China exceeded the figures recorded by the second-largest consumer, France, twofold. India ranked third in terms of total consumption with an 8.4% share.

What are the largest producers of voiles, webs, mats and other articles of glass fibers in the world?

China remains the largest glass fiber producing country worldwide, comprising approx. 31% of total volume. Moreover, glass fiber production in China exceeded the figures recorded by the second-largest producer, India, fourfold. France ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of voiles, webs, mats and other articles of glass fibers to Iraq?

In value terms, Turkey constituted the largest supplier of glass fiber to Iraq, comprising 43% of total imports. The second position in the ranking was occupied by China, with a 14% share of total imports. It was followed by the United States, with an 11% share.

What is the average export price for voiles, webs, mats and other articles of glass fibers in Iraq?

In 2016, the average glass fiber export price amounted to $2,178 per ton, approximately equating the previous year.

What is the average import price for voiles, webs, mats and other articles of glass fibers in Iraq?

The average glass fiber import price stood at $1,765 per ton in 2021, shrinking by -8.4% against the previous year.

This report provides an in-depth analysis of the glass fiber 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 23141210 -
Prodcom 23141230 -
Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
Prodcom 23141293 -
Prodcom 23141295 -
Prodcom 23141299 -

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